Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that it will revise the prices of its containerboard and corrugated boards/boxes.
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 containerboard and corrugated boards/boxes as set out below.