December 17, 1998

Nippon Paper Industries Supports ''Shogakukan Forest'' in Australia

Nippon Paper Industries Co., Ltd.

Nippon Paper Industries has joined forces with Mitsui & Co. to support an afforestation project, a eucalyptus plantation which Shogakukan (a major Japanese publisher) plans to establish in the Australian state of Victoria. The plantation will be operated by a joint venture company (Victoria Tree Farm Project) that has already been established in Australia by Nippon Paper Industries and Mitsui & Co., Ltd.
All wood chips from the plantation, which can be harvested 11 years after planting, will go to Nippon Paper Industries for its paper production.
The purposes of the project for Shogakukan are to secure raw materials for paper production and to promote CO2 fixation in order to prevent global warming.
Project Overview
1. Area to be planted: 500 hectares at Geelong in Victoria, Australia.
2. Wood species to be planted: Eucalyptus globulus.
3. Startup for plantation: year 2000.