Marubeni and JK Paper Ltd to acquire 20% equity stake each in Oji India Packaging Private Ltd

Oct 26, 2012. /Lesprom Network/. For the purpose of starting a Corrugated Container Business in India, Marubeni Corporation have accepted the allocation of new shares to a third party by an Indian subsidiary of Oji Holdings Corporation, Oji India Packaging Pvt. Ltd. along with JK Paper Ltd. (“JK”), which is a leading manufacturer of pulp and paper in India. Marubeni has now been decided to conduct the business under a joint venture to be formed by Oji, JK, and Marubeni, as the company said in the press release received by Lesprom Network. Start-up is planned in January, 2014. Shareholders: Oji 60%, JK 20%, Marubeni 20%. “This joint venture is a strong foothold for Marubeni to expand its paper & paperboard business in India,” the company said.