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Business

Mitsubishi Paper, Oji to build household paper plant

Tie-up dashes hopes for third key player to counter industry giants

TOKYO -- Japan's top paper maker Oji Holdings and sixth-ranked Mitsubishi Paper Mills will join hands to make household products such as tissues and toilet paper, aiming to meet demand lifted by tourists visiting the country.

The companies will invest 5 billion yen ($43.8 million) to construct a plant on the grounds of Mitsubishi Paper's Hachinohe mill in Aomori Prefecture that will come online in April 2019. Oji subsidiary Oji Nepia will invest 30%, while Mitsubishi Paper will put up 70%. The factory will make 18,000 tons of Oji's Nepia- and Mitsubishi Paper's Nacre-brand tissues and toilet paper annually for sale mainly in Japan's northeastern region.

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