Japan Pulp and Paper Acquires 49% Stake in India's KCT
April 9, 2012 - Japan Pulp and Paper Company (JP) said that it has acquired a 49% holding of the available shares in KCT Trading Private Limited, an Indian wholesale paper trading company, as part of the company’s efforts to further expand its global business activities.
The acquisition will enable the JP Group to strengthen its sales network in the growing Indian paper market, the company said in a statement.
In accordance with its JP Group Mid-term Business Plan 2013, JP is striving to expand its activities in relation to its overseas, resource and environment-related businesses fields in addition to its efforts to increase the profitability of its existing operations.
In terms of its overseas activities, JP is continuing to expand its global sourcing and sales network with business developments being made in a variety of areas including the wholesale supply of paper and paperboard, the manufacture of corrugated containerboard, the sale of raw materials used in the making of paper and the manufacture and sale of household paper products, the company said.
Headquartered in Kolkata, KCT controls a nationwide sales network with offices in major cities across India including Mumbai, Delhi and Chennai.
SOURCE: Japan Pulp and Paper Company