Business environment of pulp and paper industry in Japan has been rapidly changing in the recent years, which can be illustrated by examples such as the structural changes in demand caused by advances of information and communication technology.
Under such conditions, Oji Holdings, having implemented measures to improve corporate values of both the companies since the past as the largest shareholder of Chuetsu Pulp & Paper, has decided on a formation of the business and capital alliance in its aim to further increase investment and capital efficiencies through mutual leverage of management resources.