Press ReleasesNippon Paper Industries to wholly own Jujo Thermal
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co.,Ltd (Head Office: Chiyoda-ku, Tokyo, President: Yoshio Haga) and Ahlstrom Corporation (Head Offfice: Helsinki, Finland, CEO: Jan Lang), currently the equal owners of Jujo Thermal Oy (see below corporate profile), reached an agreement that the former would take over all the latter's shares in the Company at the end of this year.
As thermal paper products continues to enjoy their steady demand, Jujo Thermal, situated in Finland, is well positioned to serve for Europe, one of the major thermal paper markets.
Becoming a wholly owned subsidiary, the Company is expect to sharpen its competitive edges in the market to display synergies through close cooperation and collaboration in the areas of sales, marketing, production and R&D as well within the Nippon Paper Group.
| President & CEO | Sumio Miyake |
|---|---|
| Domicile: Kauttua | Kauttua, FINLAND |
| Established | July 1992 |
| Business Description | Sales and manufacturing of thermal sensitive paper and one side coated paper for labels |
| Sales (2012) | Euro 82.5 million |
| Production Capacity | 72,000 ton |
| Products | Durable direct thermal papers for label, tickets and tags and point-of-sales use |
| Production Facilities | 2 paper machines, 2 coaters |