May 25, 2004
Nippon Paper Industries Co., Ltd.
Establishment of a Sales Company in China
Nippon Unipac Holding GroupNippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (President: Takahiko Miyoshi), Japan's leading paper and pulp manufacturing company and a core member of the Nippon Unipac Holding Group, has resolved to set up a sales company in Shanghai, China.
The objectives of this launch of a new company are as follows:
| (1) | Cultivation of the market for the Company's joint venture manufacturer of paper in the Hebei Province in China, which was announced in December last year and which is due to commence operations in spring next year. |
| (2) | Development of the original local customers and establishment of a sales network through the sale of products from the Group with a view towards future expansion of its business in China. |
<Company Profile>
| (1) Company name (tentative) | : | Nippon Paper Industries Trading (Shanghai) Co., Ltd. |
| (2) Location | : | Shanghai Waigaoqiao Free Trade Zone, China Sales bases: Shanghai, Beijing, etc. |
| (3) Capital | : | 200,000 U.S. dollars, with Nippon Paper Industries the sole investor |
| (4) Number of employees | : | Approximately 10 initially |
| (5) Business | : | Import and sale of paper and raw materials, sales support for products manufactured by the Company's joint venture manufacturers in China, etc. |
| (6) Commencement of operations | : | Scheduled for July 2004 |
<Reference: the Group's business bases in China>
|
Company name
|
Business
|
Location
|
Establishment
|
Equity position
|
| Shouguang Liben Paper Making Co., Ltd. | Manufacture of base paper for carbonless copying paper | Shouguang, Shandong Province |
Dec. 1995
|
61.5%
|
| Shanghai JP Co., Ltd. | Sale of products of Shouguang Liben Paper Making Co., Ltd. | Shanghai |
Nov. 1996
|
30%
|
| Zhejiang Jingxing Paper Joint Stock Co., Ltd. | Manufacture of linerboards, corrugating medium, etc. | Pingfu, Zhejiang Province |
Invested in Aug. 2001
|
5.5%
|
| Zhejiang Jingxing Nippon Paper Co., Ltd. | Manufacture of corrugating medium | Pingfu, Zhejiang Province |
Under construction
|
41%
|
| Everwealth Paper Industries (Shanghai) Co., Ltd. | Manufacture and sale of different paper boxes and containers | Songjiang, Shanghai |
Invested in Aug. 2003
|
23%
|
| Nippon Paper Industries Chengde Co., Ltd. (tentative) | Manufacture of paper | Chengde, Hebei Province |
In progress
|
55%
|
| Elopak China Ltd. (tentative) | Manufacture of beverage cartons | Jiangsu Province |
In progress
|
25%
|