Japanese Company Announces R$ 500 Million Investment in Paper Factory in Brazil

Written by Paulo Nogueira

Published on 05/11/2019 at 16:19

Fabrica da OJI Papéis Especiais

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OJI Special Papers Will Receive Investment From Its Japanese Parent Company, Increasing Paper Production Capacity and Job Creation in Monte Alegre, São Paulo

OJI Special Papers will receive an investment of R$ 500 million from its Japanese parent company. The goal is to increase the production capacity of thermal paper, used in tax receipts, invoices, and labels for barcode printing. The outlook is that the market for the product will grow in the coming years in Brazil, South America, and Central America, driven by the rise of thermal printing in these regions.

The investment package includes the expansion of the manufacturing space for the installation of a new paper coating machine, as well as the modernization of other equipment at the plant. The expectation is that the new production capacity will be installed by December 2021 and start operating in early 2022.

“We are very pleased with the announcement of the investment made by the president of Oji Holdings Corporation, Masatoshi Kaku. This news brings great development prospects for Piracicaba and the region and puts the city on the map of major investments in the State of São Paulo,” highlights the president of OJI Special Papers, Agostinho Monsserrocco.

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