TOKYO , Dec. 16, 2013 (Press Release) -
Nippon Paper Industries Co., Ltd. (Head office: Chiyoda-ku, Tokyo, President: Yoshio Haga) announces that it concluded a joint venture agreement on December 13, 2013 with SCG Paper Public Company Limited ("SCG Paper")*1 concerning SCG Paper's Fibrous Chain*2 in accordance with the contents of "Investment in SCG Paper's Fibrous Chain" *3 announced on September 2, 2013.
The Nippon Paper Group has been implementing initiatives to increase the earning power of its overseas businesses, while at the same time promoting the transformation of its business structure as a "comprehensive biomass company." It promotes the development of overseas businesses by positioning the Pacific Rim as an area of strategic focus, including Asia, where increased demand is expected due to the population increase and economic growth.
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