Oji Holdings Announces Launch of Joint Venture for the Procurement of Imported Woodchips
Nov. 13, 2019 - Oji Holdings Corporation announced that, effective today, it is jointly procuring imported woodchips — the primary raw material used in its paper manufacturing operations — through O&C Fiber Trading Co., Ltd., a joint venture company with Chuetsu Pulp & Paper Co., Ltd. and Mitsubishi Paper Mills Co., Ltd., both of which are equity-method affiliates of Oji Holdings. In a written statement, Oji Holdings said, “By jointly procuring imported woodchip, which is the main raw material of paper manufacturing business, with the aim of reducing cost for raw materials procurement, competitiveness strengthening of the three company groups will be pursued through the promotion of: making effective use of surplus charter contracts, reducing purchasing cost through direct trading, optimizing supply sources, and reducing fixed cost via operational and personnel rationalization.” Oji Holdings Corporation is involved in a wide range of industrial markets. The group of companies produce containerboard and corrugated containers, boxboard and folding cartons, packaging papers, tissue papers, specialty papers, newsprint and communication papers, along with pulp, energy, and lumber processing. To learn more, visit: www.ojiholdings.co.jp. SOURCE: Oji Holdings Corporation |