Press ReleasesNippon Paper Crecia and Kasuga Paper Industry Establish Crecia-Kasuga Co., Ltd.Start a Joint Venture for Household Paper Products with Kasuga Paper Industry
Nippon Paper Industries Co., Ltd.
Nippon Paper Crecia Co., Ltd.
Nippon Paper Crecia Co., Ltd. (President: Yasunori Nanri; hereinafter "Nippon Paper Crecia"), a Nippon Paper Group company, and Kasuga Paper Industry Co., Ltd. (President: Noboru Otsuka; hereinafter "Kasuga Paper Industry") established "Crecia-Kasuga Co., Ltd." (hereinafter "Crecia-Kasuga"), a joint venture for household paper products, as in our press release of December 6th, 2016, "Nippon Paper Crecia and Kasuga Paper Industry Reach an Agreement on a Joint Venture for Household Paper Products".
Crecia-Kasuga will install cutting-edge facilities to produce roll toilet tissue and other products on the premises of Fuji Mill (Fuji-shi, Shizuoka) of Nippon Paper Industries Co., Ltd. (President: Fumio Manoshiro). We will strive to achieve growth in the market for the household paper product business of the two companies, which is expected to increase in demand.
Overview of the new company
1. Company name | Crecia-Kasuga Co., Ltd. |
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2. Headquarters |
600 Tadehara, Fuji-shi, Shizuoka (on the premises of Nippon Paper Industries' Fuji Mill) |
3. President | Hirofumi Narita |
4. Capital |
450 million yen |
5. Capital contribution ratio | Nippon Paper Crecia 80%, Kasuga Paper Industry 20% |
6. Founded | April 3, 2017 |
7. Business description | Production, converting, and sales of household paper products |
Board of Directors of Crecia-Kasuga (as of April 3, 2017)
New Position | Name | Current Position |
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President & Representative Director |
Hirofumi Narita |
Nippon Paper Crecia Co., Ltd. Director and General Manager of Technical & Engineering Division |
Director |
Noboru Otsuka |
Kasuga Paper Industry Co., Ltd. President & Representative Director |
Director | Hiroshi Ozawa |
Nippon Paper Crecia Co., Ltd. Deputy General Manager of Kaisei Mill |
Corporate Auditor | Toshinori Suzuki |
Nippon Paper Crecia Co., Ltd. Deputy General Manager of Corporate Planning Division |