Rengo Co., Ltd. announces that it will revise the prices of its containerboard and corrugated boards/boxes.
The prices of raw materials and fuel have been surging worldwide, and miscellaneous materials and logistics costs are also rising. Rengo has worked hard to maintain its prices through thorough cost reduction; however, the situation is now such that it is extremely difficult for Rengo to bear further cost increases through its own efforts alone. In addition, in order to ensure the implementation of its greenhouse gas emissions reduction plan, Rengo has concluded that a price revision is inevitable.
For these reasons, Rengo will be revising the prices of its containerboard and corrugated boards/boxes as set out below.