Impact of Tighter Environmental Regulations in China on the Pulp and Paper Industry
First written in FY2018-Q2. 2 of 7 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2021.
Kpp Group Holdings moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Worsened".
- FY2021WorsenedAnnual report
「In particular, China's restrictions on recovered paper imports, introduced over environmental concerns, caused significant fluctuations in export prices and materially affected results for the fiscal year.」
The impact of China's recovered-paper import restrictions continued, reflected in substantial fluctuations in export prices and an effect on performance for the fiscal year. - FY2021-Q3WorsenedAnnual report
「With respect to recovered paper, when China comprehensively banned recovered-paper imports at the end of December, orders became concentrated on Japanese products, causing prices to surge and revenue to remain firm.」
The disclosure states that China's recovered-paper import restrictions culminated in a comprehensive ban at the end of December 2020, making the impact of the restrictions more specific. Market effects also included a concentration of orders on Japanese products and a surge in prices. - FY2020-Q1MaterialisedAnnual report
「In recovered paper, continued Chinese import restrictions increased inventories in Japan, resulting in lower sales volume and revenue.」
China's recovered-paper import restrictions continued to affect the business through higher domestic inventories and lower sales volume and revenue for recovered paper. - FY2019RestatedAnnual report
「Sales in Southeast Asia were weak because of lower demand for paper used in advertising, tighter restrictions on recovered paper imports and reduced competitiveness following the decline in prices for recovered paper from Europe and the United States.」
The impact of environmental and recovered-paper import restrictions in China and elsewhere on the paper and recovered-paper markets continues to be reflected in weak overseas sales. - FY2019-Q2MaterialisedAnnual report
「With respect to recovered paper, exports to China declined because of tighter environmental regulations there, creating an oversupply in the domestic market and putting downward pressure on market conditions.」
Tighter environmental regulations in China have had an actual business impact through lower exports of recovered paper to China, domestic oversupply and downward pressure on market conditions. - FY2018MitigatedAnnual report
「The company has already invested in flexible packaging printing operations in China and is strengthening competitiveness, including by introducing advanced Japanese technologies that address the country's environmental regulations.」
Specific measures to address China's environmental regulations, including the introduction of advanced Japanese technologies, are disclosed. - FY2018-Q2First statedAnnual report
「In China, domestic environmental regulations were tightened ahead of the 19th National Congress of the Communist Party of China, affecting the pulp and paper industry, including forcing mills to suspend operations.」
The impact of tighter environmental regulations in China, including the suspension of pulp and paper mills, is disclosed for the first time.