Oji Holdings and ISHIZUKA GLASS conclude basic joint venture agreement
January 2, 2020
JAPAN (News release) -- Oji Holdings Corporation announces that Oji HD and ISHIZUKA GLASS Co., Ltd. have concluded a basic joint venture agreement on paper container-related business.
In recent years, many packaging products that use paper materials have been developed against the backdrop of growing global environmental awareness. Under the circumstance, Oji HD and ISHIZUKA GLASS will mutually utilize the two companies' management resources and expertise to strengthen the foundation of the business, advance into new fields through new products development, and expand business overseas where demand is expected to grow in the future.
Regarding the raw materials for the business, the laminated base paper that is currently procured by ISHIZUKA GLASS is planned to be gradually replaced with Oji Group's products.