November 4, 1997
A New Housing Materials Company Started
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. announced to establish a new company - PAL Co., Ltd. on April 4, 1998 to diversify the company's housing materials division as an independent entity.
Profile of new company | ||
Company's name | : | PAL Co., Ltd. |
Capital | : | 4 billion yen |
Representative officer | : | Takashi Wakai , President (Present Senior Managing Director of Nippon Paper Industries and General manager of Housing materials division ) |
Head office | : | No 4-3-17 Shinjuku, Shinjukuku, Tokyo (Office of Housing Materials Division of Nippon Paper Industries) |
Employee | : | 314 (as of the end of March 1997) |
Subsidiaries | : | Yufutsu Pal Co.,Ltd. Kanto Pal Co.,Ltd. Pal Plywood Co.,Ltd. Pal Building Materials Co.,Ltd. N & E Co., Ltd. Matsuura Shoji Co.,Ltd. Sanyo Kokusaku House Co.,Ltd. Total employee : 747 as of March, 1997 |
Sales | : | 50.1 billion yen (Actual in 1996) |
Business | : | Manufacturing and sales of housing materials, stairs, housing components, wood flooring, wood wallboard, MDF(medium-density fiberboard), plywood, PB (particle board) |
The new company will be 100 percent owned by Nippon Paper Industries, and take over all the assets, sales right and employee excluding land.