Announcement regarding the shut down of Oji Paper’s facility
Oji Holdings Corporation (hereinafter “Oji Holdings”) hereby announces that it has decided to close the No. 4 Machine at Oji Paper Co., Ltd.’s Kasugai Mill. Throughout our history, we have rebuilt our manufacturing system several times to optimally meet the changes in demand for printing and communications paper. However, we foresee demand continuing to decrease so we have decided to make this closure in order to further reduce costs and strengthen our international competitiveness. Oji Holdings will make the utmost efforts to avoid inconveniencing our customers and all concerned parties with this closure.