Oji
Paper Co Ltd plans to consolidate its group paperboard businesses, the Nihon
Keizai Shimbun reported, citing company sources. Oji is the largest papermaker in Japan.
Oji
will spin off its paperboard division, and integrate sales with other group
paperboard firms to form a joint sales company by the middle of next year, it
said.
Oji Paper will hold the controlling majority stake in the firm. Takasaki Sanko Co., Chuo Paperboard Co., and Hokuyo Seishi will hold the remaining share in the combined operation.
When fully operational the venture is expected to control 30 percent of the domestic cardboard market.
Additionally, Takasaki will close two production lines that make specialty paper by March, 2002, and will focus on the cardboard business.
Get curated news on YOUR industry.
Enter your email to receive our newsletters.

Explore the December 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- PCX launches plastics cleanup platform
- Pennsylvania shipbuilder to invest in US Navy facility
- ReMA meets with Thai government over container inspections
- Ship dismantlers navigate new regulatory regimen
- Gershow announces several community involvement projects
- McKinsey identifies engineering polymers as a recycling opportunity
- Metso acquisition focuses on mill liner recycling
- Malaysian customs office seizes scrap containers