DONGGUAN, China -- Nine Dragons Paper (Holdings), the world's top maker of paper products, is expanding its foothold in Southeast Asia, competing with Japanese and Chinese rivals in a war of attrition over a fast-growing market.
Rising costs and Japanese incumbents pose challenge for Nine Dragons Paper expansion push
An employee packs goods at a Tokopedia warehouse in Jakarta. Southeast Asia's demand for cardboard is expected to grow by 4% a year. © Reuters
DONGGUAN, China -- Nine Dragons Paper (Holdings), the world's top maker of paper products, is expanding its foothold in Southeast Asia, competing with Japanese and Chinese rivals in a war of attrition over a fast-growing market.