Asia Pulp & Paper Enters Corrugated Container Joint Venture Agreement with Japan's Oji Holdings
The new venture, PT Oji Sinar Mas Packaging, will be based in Bekasi City, West Java and produce corrugated cardboard and containers.
Dec. 12, 2018 (Press Release) - PT Purinusa Ekapersada, an Asia Pulp & Paper company, and Oji Holdings Corporation have agreed to enter into a US$35 million joint venture to set up a new converting factory in Indonesia. The new venture, PT Oji Sinar Mas Packaging, will produce corrugated cardboard and containers to meet growing domestic demand in Indonesia.
The new factory will be based in Bekasi City, West Java, and is expected to come online in January 2020. It is expected to produce 5,000 tons of cardboard from recycled material each month.
“For decades, Indonesia and Japan have cultivated strong economic ties, and today's joint venture announcement is the latest demonstration of that special relationship,“ said, Andre Ridwan, Head, Corrugated Carton Business Unit, Asia Pulp & Paper, “The PT Oji Sinar Mas Packaging partnership will leverage our respective strengths, in the efficient and sustainable production of quality wood-based products, and to open up new markets and deepen relationships with discerning customers in Indonesia.
Asia Pulp & Paper (APP), part of Sinarmas, is a trade name for a group of pulp and paper manufacturing companies in Indonesia and China. To learn more, please visit: www.asiapulppaper.com.
SOURCE: Asia Pulp & Paper