RISI

Japan’s Daio Paper and Tokushu Tokai Paper to buy stakes in each other

Wed, Aug 14, 2013
Advertisement

SAN FRANCISCO, Aug. 13, 2013 (RISI) - Daio Paper and Tokushu Tokai Paper in Japan plan to acquire 3% stakes in each other in a move to jointly develop disposable diapers, Jiji Press reported this week.

The companies will also pursue cost cutting measures in tissue paper and containerboard, reports added.

Daio's top shareholder, Hokuetsu Kishu Paper, will see its holding diluted. Relations between the two companies have soured over differences in a possible business integration.

All PPI publications and websites, including ppimagazine.com are copyrighted. Redistributing content or sharing user names are prohibited by law in virtually every country around the world and may subject you to fines. More detail on terms of use.