Oct 25, 2012. /Lesprom Network/. As already announced, “Oji” had incorporated an Indian subsidiary Oji India Packaging Pvt Ltd (“Oji India Packaging”), effective June 20, 2012, for the purpose of starting Corrugated Container Business in India. The company to announce that the Business Plan for Oji India Packaging has been approved, as the company said in the press release received by Lesprom Network. It has now been decided to conduct the business under a Joint Venture to be formed by Oji, JK Paper Ltd. (“JK”), who is a leading manufacturer of pulp and paper in India, and Marubeni Corporation in Japan. Three parties have executed a Joint Venture Agreement effective on October 25. Oji will continuously seek opportunities to meet the increasing demand of corrugated packaging materials in India, which is growing at a healthy rate in line with economic growth.