Dec 24, 2013. /Lesprom Network/. Nippon Paper Industries Co.,Ltd and Ahlstrom Corporation, currently the equal owners of Jujo Thermal Oy, reached an agreement that the former would take over all the latter’s shares in the Company at the end of this year.

As thermal paper products continues to enjoy their steady demand, Jujo Thermal, situated in Finland, is well positioned to serve for Europe, one of the major thermal paper markets.

Becoming a wholly owned subsidiary, the Company is expect to sharpen its competitive edges in the market to display synergies through close cooperation and collaboration in the areas of sales, marketing, production and R&D as well within the Nippon Paper Group.