Nippon Paper Industries to open new European office

Jun 15, 2005. /Lesprom Network/. Nippon Paper Industries Co., Ltd. will open an European office in Amsterdam, the Netherlands, in July this year. This is part of the tangible activities for carrying out the "Group Vision 2015," which aims to achieve sustainable growth in corporate value. The basic strategies of the Group Vision 2015 include positive entry into overseas markets and a growth strategy that incorporates the possibility of M&A, in addition to the establishment of the Group's high-margin operations in the domestic paper and paper-related businesses. In these strategies, the Nippon Paper Group has defined Europe as a market that, like Asia and North America, holds the key to successful growth. Specifically, the Group will be focusing on business communication paper in a bid to expand existing businesses and launch new ones. The new Europe Office will provide support for the production expansion plan of Jujo Thermal Oy, Kauttua and will also aid in bolstering customer services and expanding sales of other business communication paper. It also has a mission to gather information to explore the feasibility of launching new businesses in Central and Eastern Europe, areas of expected future growth in demand.