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.
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 PositionNameCurrent Position

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