Oji Holdings to Expand Thermal Paper Capacity in Brazil

Economy

Sao Paulo, Nov. 6 (Jiji Press)--Oji Holdings Corp. <3861> said Tuesday it will invest some 13 billion yen to expand the thermal paper production capacity at a group company in Brazil.

With the new facility planned to be completed in December 2021, the annual thermal paper capacity at Oji Papeis Especiais Ltda., which also manufactures carbonless paper, will increase by some 70,000 tons to 150,000 tons. The firm is located in Piracicaba in the state of Sao Paulo.

In Central and South America, demand for thermal paper has been robust and is expected to rise further thanks to the spread of the point of sale, or POS, system and the development of distribution systems, Oji Holdings said.

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