The new machine will produce liner and corrugated medium and have a production capacity of 450,000 tonnes per year.
March 1, 2018
Oji Holdings Corporation announced that it will install a new containerboard machine at GS Paperboard & Packaging Sdn Bhd (GSPP) located in Malaysia. The new machine will produce liner and corrugated medium and have a production capacity of 450,000 tonnes per year.
Oji Group sets ‘Expansion of Overseas Business’ as a fundamental policy of its management strategies, and its corrugated container business has continued to expand in Southeast Asia thanks to steady demands in the region. While Oji is operating more than 20 sites for converting, most of the base paper used for converting comes from external suppliers. It has been a challenge for the Group to improve its self-sufficiency of base paper. In addition, there are increasing demands for products with high quality and low unit weight in the containerboard market in Southeast Asia.
The company said that it will invest approximately JPY 35 billion (approx. USD 309.75 million) for the containerboard machine and equipment for energy supply and water treatment. Oji expects start-up of the new machine to take place in April of 2021.