We're excited to share this news from Japan.
Oji Holdings Corporation announces a new investment through a third-party allotment of new shares to Deluxe Technology Group Co., Ltd high-end molded pulp packaging equipment and product manufacturer in Taiwan. Additionally, Oji Holdings has acquired global sales rights for Deluxe’s products and equipment, with exclusive sales rights in Japan and India.
The demand for plastic-free packaging using pulp molding as an alternative to plastic container packaging is increasing in mainly Europe and Asia. The electronics or cosmetic packaging and food containers require stringent quality standards; high-end molded pulp packaging for these products necessitates advanced manufacturing technology, an area where Deluxe excels with its strong technical and development capabilities, earning the support of many global brand owners.
Oji group will leverage Deluxe's manufacturing technology to produce premium quality sustainable packaging for a wide range of applications as an alternative to plastic molded products. As a global total packaging provider, Oji will create innovative fiber-based solutions including molded pulp products, corrugated containers, and folding carton packaging for the markets in Japan, India, Southeast Asia, Oceania and Europe, where our main bases are located.
* Oji Holdings Corporation (王子ホールディングス株式会社 ) is a Japanese pulp and paper company. The company has 156 subsidiaries worldwide, and was ranked the third such largest company in the world in 2012. It has approximately 27,360 employees and is headquartered in Ginza Tokyo, Japan. Oji Holdings Corporation is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 stock index. The company has 86 production sites throughout Japan, and forestry operations in Australia, Brazil, Canada, China, Germany, New Zealand, and other countries worldwide.
