Asia Pulp & Paper signs corrugated container joint venture agreement with Japan's Oji Holdings
December 12, 2018
INDONESIA (News release) -- PT Purinusa Ekapersada, an Asia Pulp & Paper company, and Oji Holdings Corporation have agreed to enter into a $35 million joint venture to set up a new converting factory in Indonesia. The new venture, PT Oji Sinar Mas Packaging, will produce corrugated cardboard and containers to meet growing domestic demand in Indonesia.
The new factory will be based in Bekasi City, West Java, and is expected to come online in January 2020. It is expected to produce 5,000 tons of cardboard from recycled material each month.
Asia Pulp & Paper, part of Sinarmas, is a trade name for a group of pulp and paper manufacturing companies in Indonesia and China.
