Oji Imaging Media Co. to Invest $9 Million to Increase Thermal Paper Production in Brazil
Oji Papeis Especiais plans to increase production capacity by 10% in order to meet the forecasted growth in the thermal paper market in Brazil.
March 30, 2016 – Oji Holdings Corp. announced that its subsidiary Oji Imaging Media Co., Ltd. will invest about USD 9 million to increase thermal paper production at Oji Papeis Especiais Ltda. in Piracicaba, Sao Paulo, Brazil. The mill currently produces thermal and carbonless paper.
In a press release, Oji said, “Brazil's economy continues to be in a recession, but thermal paper consumption continues to be at a stable growth. The reason of this growth is because of major market for thermal paper which is related to POS system and logistics continues to grow. These applications are forecasted to grow even more in the South America region including of course the domestic market in Brazil.”
Currently, Oji Papeis Especiais' production capacity is 120,000 tons per year of specialty papers (thermal and carbonless), and the mill operates two thermal coaters. However, as a result of the announced expansion plans, mill's production capacity will increase by 10% in order to meet the forecasted growth in the thermal paper market in Brazil.
Oji expects to complete the expansion project in July of 2017.
SOURCE: Oji Holdings Corp.