Oji's quarterly profit doubles on global pulp shortage
Papermaker's international footprint to generate record earnings for the year
Wood pulp has grown pricier due to a tightening of supply, and Oji earns more by selling it to other paper companies in China and elsewhere.
TOKYO -- Japan's largest paper manufacturing company Oji Holdings is sailing toward record profit in the fiscal year ending in March 2019, reaping the fruits of international expansion.
In the April-June quarter, operating profit appears to have doubled on the year to over 25 billion yen ($223 million), the highest for the period, thanks to greater margins overseas on wood pulp.
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