Calbee (TSE:2229) Adopts Black and White Packaging Due to Supply Crisis

AI Summary

Calbee (TSE:2229), Japan's largest snack maker, will switch to black and white packaging for 14 products from May 25 due to disruptions caused by the Iran war that affect ink supplies. The conflict has led to a near doubling of naphtha prices in Asia, significantly impacting costs for businesses reliant on this raw material. Before the war, approximately 40% of Japan's naphtha was imported from the Middle East. The Japanese government is actively working to stabilize supply by diversifying sources for naphtha, including potential imports from the US.