Oji Holdings Corporation would like to announce that a Memorandum of Understanding (MoU) for strategic alliance in the sales of sanitary products such as disposable diapers (adult use, baby use), etc. in People's Republic of China has been signed with Nichii Gakkan Company (hereinafter “Nichii Gakkan”),
As one of the major policies for growth strategies to strive towards the realization of an innovative value-creating company, the company has announced the further expansion of overseas business, and has positioned the disposable diapers business as a priority business field. In October of year 2013, the company established the Personal Care Innovation Center (PCIC), which plays the role of integrating marketing and product development. Oji is pushing ahead with not only the restructuring of domestic disposable diapers business, but also the establishment of the foundation for overseas expansion.
In April of this year, the company decided to start the business of manufacturing and sales of disposable diapers in the Republic of Indonesia, and signed a Joint Venture Agreement with a local company (PT Indofood CBP Sukses Makmur Tbk). Currently, with the aim of further expanding the overseas business, Oji carrying out multiple projects, which include consideration of M&A with local manufacturers of disposable diapers.
