Challenging paper industry pushes Nippon into “business alliance”
Published: Wednesday, 07 October 2015
Japanese paper makers Nippon and Tokushu Tokai have set the groundwork to enter into formal ties within the coming year, as an ever weakening yen drives up costs.
Japan’s Nippon Paper
Industries Co. Ltd will enter into a "business alliance" with
rival Tokushu Tokai Paper Co. Ltd in efforts by the two paper
manufacturers to streamline operations.
The three-part agreement concerns sharing
a degree of manufacturing and sales operations with the aim of
greater efficiency through synergies.