Oji Holdings Corporation recently announced the incorporation of Oji Interpack India Private Limited to manufacture HiPLE-ACE heavy-duty corrugated container in Greater Noida, Uttar Pradesh. The new company will also be engaged in manufacturing and sales of corrugated containers.
“The new company will be our second manufacturing site of packaging in India and 24th in Southeast Asia and India including those under construction and preparation,” according to the company report.
OJI is expected to invest approximately JPY 56 million and will have 100 percent ownership of the new entity. The establishment is planned for April 2015 while operation is expected to commence in July this year.
“We are especially promoting capturing package demand in Southeast Asia and India which economy has been growing rapidly. In India, we have already established Oji JK Packaging Private Limited and started the production of corrugated container in its factory in Neemrana, Rajasthan state in July, 2014 as our first manufacturing site,” the report added.
