Jan 05, 2015. /Lesprom Network/. Rengo has made its affiliated company Tohoku Shiki Co., Ltd. a subsidiary by subscribing for an allocation of new shares to a third party by Tohoku Shiki, as the company said in the press release received by Lesprom Network.

Tohoku Shiki is a corrugated packaging manufacturer that carries out business mainly in Iwate Prefecture. It has a long history and an excellent customer base, centered on the fruit and vegetable industry.

Rengo will strengthen its partnership with neighboring Rengo plants and Group companies, seeking to enhance the Rengo Group’s corrugated packaging business in the Tohoku region, Japan.