Nippon Paper announces joint venture with SCG Paper in Thailand
Nippon Paper Group, Inc.and SCG Paper have investigated ways in which they could collaborate to develop their business. The companies have now agreed to establish in Thailand a joint venture company with a 55% equity investment from Nippon Paper Group in the industrial paper sector, displaying their strengths in growing market. The joint venture company plans to install a new paper machine which features annual production capacity of 43,000 tons on the existing SCG Paper production site. The start-up is scheduled for the first quarter of 2014.
