Japanese packaging giant Rengo to increase prices on its tube board and chipboard, effective August 1, 2017, as the company says in the press release received by Lesprom Network.
Recently, the price of recovered paper, the main raw material, has surged significantly. At the same time, the prices of other raw materials, fuel, and chemicals, as well as logistics costs, are also rising. Rengo has previously engaged in thorough cost reduction initiatives and worked hard to maintain its pricing; however, the situation is now such that it is impossible for Rengo to keep prices at the same level through its own efforts alone. For these reasons, Rengo will be revising the prices of its tube board and chipboard.
