Daio Paper Looking to buy Japanese Tissue Mills from Nisshinbo

Daio Paper has announced that it is in talks to take over the tissue production activities of fellow Japanese firm Nisshinbo Holdings. The latter operates four mills in Japan.

Two, both in Shizuoka prefecture, produce tissue, with its Fuji facility operated by subsidiary Tokai Seishi able to produce about 28,000 tonnes/yr, and its Shimada mill able to produce almost 40,000 tonnes/yr.

Meanwhile, internally Daio is planning on expanding its tissue production with a new 4,500-tonne/mo machine at its formerly shuttered Kawanoe mill, to start in October next year. It will be supported by a new processing center handy to Tokyo, in Saitama prefecture.