Rengo to increase prices for its cellophane products
19 December 2017
Rengo Co., Ltd. to increase prices for its cellophane products, effective January 1, 2018, as the company says in the press release received by Lesprom Network.
Recently, costs of energy, chemicals, secondary materials, and distribution have been rising, putting pressure on income from Rengo’s cellophane business. 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 to increase prices for plain transparent cellophane by 500 yen per 500 m2.
Cellophane is a transparent film manufactured from wood pulp. It is mainly used in pharmaceutical packaging as it is clear and easy to cut by hand.