Oji Holdings to Invest USD 37.5 Million in New Corrugated Container Plant in Southern Malaysia
Oji's new corrugated container plant will have an approximate production capacity of 7 million m2 per month.
Sept. 3, 2020 - Oji Holdings Corporation recently announced that it will invest USD 37.5 million (JPY 4 billion) to establish a new corrugated container plant in Johor in southern Malaysia. The plant will have an approximate production capacity of 7 million m2 per month.
Oji Holdings said the "expansion of overseas business" has been set as "one of the major pillars to strive towards the realization of an innovative value-creating company."
In Malaysia, Oji Holdings is currently operating eight corrugated container plants — 3 in North, 3 in Central, and 2 in South. In 2019, the company doubled its production capacity of two production plants in Central Malaysia.
Oji noted that it expects increasing demand for corrugated packaging in southern Malaysia and that new plant will help the company meet that demand.
The new plant will be Oji Group's 26th corrugated container plant in South East Asia and India.
Start-up of the new plant is planned for January 2022.
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