Nippon Paper Group to cut production capacity by 231,000 tons

Nippon Paper Group to cut production capacity by 231,000 tons

TOKYO, Japan - Masatomo Nakamura, president of Nippon Paper Group Inc., Japan's second-largest papermaker, tells reporters in Tokyo on Oct. 24 the company will reduce its manufacturing capacity for paper products by about 231,000 tons a year, or about 5 percent of annual output, by closing down facilities at three plants next year due to a glut in the domestic market.

Hokuetsu may mull tie-up with Nippon Paper to foil Oji takeover bid

Hokuetsu may mull tie-up with Nippon Paper to foil Oji takeover bid

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (L) speaks at a press conference in Tokyo on Aug. 9. He said the may consider forming an alliance with Nippon Paper Group Inc., the holding firm of Japan's second-largest papermaker, to thwart a hostile takeover bid by industry leader Oji Paper Co.

Hokuetsu may mull tie-up with Nippon Paper to foil Oji takeover

Hokuetsu may mull tie-up with Nippon Paper to foil Oji takeover

TOKYO, Japan - Hokuetsu Paper Mills Ltd. President Masaaki Miwa (L) speaks at a press conference in Tokyo on Aug. 9. He said the may consider forming an alliance with Nippon Paper Group Inc., the holding firm of Japan's second-largest papermaker, to thwart a hostile takeover bid by industry leader Oji Paper Co. (Kyodo)

Nippon Paper Group to cut production capacity by 231,000 tons

Nippon Paper Group to cut production capacity by 231,000 tons

TOKYO, Japan - Masatomo Nakamura, president of Nippon Paper Group Inc., Japan's second-largest papermaker, tells reporters in Tokyo on Oct. 24 the company will reduce its manufacturing capacity for paper products by about 231,000 tons a year, or about 5 percent of annual output, by closing down facilities at three plants next year due to a glut in the domestic market. (Kyodo)