February 2, 2005

Jujo Thermal Ltd. Invests in Increasing Coating Capacity

Nippon Paper Industries Co., Ltd.

Thermal paper producer, Jujo Thermal Ltd., a joint venture of Nippon Paper Industries Co., Ltd. (President: Takahiko Miyoshi), decided to double its coating capacity to approximately 70,000 tons after the approval of its shareholders. The Company will equip a new coating machine to be ready for operation during the first half of 2006.

With technical assistance from Nippon Paper Industries Co., Ltd., Jujo Thermal Ltd., located in Kauttua in southwestern Finland, is a leading manufacturer of direct thermal papers for self-adhesive laminates for the use of retail and delivery. It is also an important supplier of high quality direct thermal papers for cash receipt, fax, and other special applications.

The direct thermal paper market has been growing at a steady pace and is still expected to grow in the future. Jujo Thermal Ltd. will strengthen its position as a global supplier of direct thermal papers with the increased capacity.

[ Jujo Thermal Ltd. ]
Company name :Jujo Thermal Ltd.
Establishment July, 1992
Capital:Approximately 12,610 thousand euro
Controlling share:Nippon Paper Industries Co., Ltd. 41.7%,
Ahlstrom Corporation 41.7%, Mitsui & Co., Ltd. 16.6%
Location:Paperitehtaantie15 FIN-27500 Kauttua, Finland
(200km north-west from Helsinki)
Production:Thermal paper 36 thousand tons annually
(Width of machine and coater: 2.4m)