Nippon Paper announces price increase for its newsprint; will shut down paper machines

Friday, February 1, 2019 1:15 pm

Nippon Paper announces price increase for its newsprint; will shut down paper machines | Nippon, Nippon Paper,

JAPAN (News release) -- Nippon Paper Industries has announced price increase for newsprint, effective April 1, 2019. The company will further consolidate production facilities to reduce fixed costs by shutting down the No. 8 paper production machine at the Kushiro Mill and the No. 6 paper production machine at the Hokkaido Mill in Yufutsu, Japan.

However, the business environment of newsprint is increasingly severe. In addition to rising prices of waste paper and other raw materials and fuels, the rise in logistics costs has become unavoidable. Therefore, it will be extreme difficult to reproduce if the situation continues beyond the limits of our independent efforts to reduce costs.

To secure business continuity and stable supply, Nippon Paper Industries decided the revision of the product prices.

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