Link: Japanese papermakers shedding excess capacity
(Tokyo, September 23, 2016) Japan’s paper manufacturers have started to rationalize their production facilities in earnest to rid themselves of unneeded capacity, the Nikkei Asian Review reports.
Pinched between declining demand and the threat of growing production by Chinese paper makers, large and midsize Japanese companies are joining hands to quickly jettison superfluous equipment.
For instance, Chuetsu Pulp & Paper, an equity-method affiliate of Japanese paper titan Oji Holdings, plans to stop one production line used to make white paperboard for food packaging and other uses at its Takaoka Mill in Toyama Prefecture sometime next year. That will reduce the company’s overall paper capacity by 35,000 tons, or 4%, to about 760,000 tons a year.
To read complete article Go To: http://asia.nikkei.com/Business/Trends/Paper-makers-retire-equipment-to-shed-excess-capacity (Source: Nikkei Asian Review)
Image: courtesy Oji Paper