Nippon Paper Industries Co., Ltd. converted AMCEL of Brazil, a joint venture company with Marubeni Corporation for tree-planting, timber production and export operations, into its wholly owned subsidiary.

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Nippon Paper Industries converts Brazilian firm AMCEL into its wholly owned subsidiary

Mar 29, 2013. /Lesprom Network/. Nippon Paper Industries Co., Ltd. converted AMCEL of Brazil, a joint venture company with Marubeni Corporation for tree-planting, timber production and export operations, into its wholly owned subsidiary. At the same time, Nippon Paper Industries transferred all the shares it had held in WAPRES, a joint venture with Marubeni in Australia, to Marubeni, as the company said in a press release received by Lesprom Network.

Nippon Paper Industries has worked to increase the woody biomass resources in Japan and abroad by advancing its ‘Tree Farm Initiative’.

AMCEL which is located in the northern end of Brazil has advantage of its short distance from Europe, where demand for woody biomass fuel is rising due to the aggressive renewable energy policies adopted in recent years. Nippon Paper Industries, as a comprehensive biomass company that uses wood in a wide-ranging manner, positions

AMCEL as one of the strongholds for its further activities of resource energy, in addition to meeting current demand for producing raw materials for pulp and paper, and chose to focus its management resources on AMCEL.

Nippon Paper Industries will build and expand planted forest resources in a more efficient manner by applying tree-planting and breeding techniques developed at AMCEL utilizing its abundant and renewable forest resources by the Nippon Paper Group over the course of many years to the operations and working to improve the growth potential and quality of planted trees. 

At the same time, Nippon Paper Industries will seek to increase the management efficiency of the tree-planting projects it is undertaking around the globe and to increase its ability to compete in overseas markets, with mounting interest in woody biomass use for power generation and other purposes in the background.