Pursuant to the resolution passed at a meeting of the board of directors held on September 2, 2011, Oji Paper Co., Ltd. ("Oji Paper") recently announced that it has reached decision to establish new plant near Hanoi, Vietnam. Oji Paper has two corrugated box plants, in Dong Nai province (Southern area) and Haiphong (Northern area), so it is the third prodcution facility in Vietnam.
As having been announced, Oji Paper has expanded its packaging business in Southeast Asia countries. The new plant will be the 14th corrugated box plant in Southeast Asia after GS Paper & Packaging (Malaysia, acquired in April 2010), United Kotak (Malaysia, acquired in February 2011), S.Pack & Print (Thailand, minority investment in March 2011) and Harta Packaging Industries (Malaysia and Cambodia, acquired in August 2011). Oji Paper will be intent on strengthening relationship between these business sites, to improve customer service and enhance the company's competitiveness.
