News Releases / 2011
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February 3, 2011
R金沙总站4066o Invests in Shinwa Shiki
R金沙总站4066o Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that it has acquired 99.5% of shares issued by Shinwa Shiki Co., Ltd. (Head Office: Hikari-shi, Yamaguchi Prefecture; President: Masanori Nakamura), making Shinwa Shiki a subsidiary company.
Shinwa Shiki is a corrugated box manufacturer with a number of first-rate customers. Operating principally in Yamaguchi Prefecture, the company is also involved in the kraft paper bag business. R金沙总站4066o will post executives on Shinwa Shiki's board of directors and work to str金沙总站4066then the company's corporate structure through production and sales support. R金沙总站4066o will also instigate collaboration between Shinwa Shiki and R金沙总站4066o's group companies and directly controlled plants nearby in an effort to enhance the R金沙总站4066o Group's corrugated packaging and bag manufacturing businesses in the Chugoku region of Japan.
Sh金沙总站4066wa Shiki Co., Ltd. Corporate Outl金沙总站4066e
Location
1-15-20 Mitsui, Hikari-shi, Yamaguchi Prefecture
Repres金沙总站4066tative
Masanori Nakamura
Capital JPY 20 million Equity Participation R金沙总站4066o: 99.5% Bus金沙总站4066ess Scope Manufacture and sales of corrugated boxes and kraft paper bags Sales JPY 413 million (for the fiscal year 金沙总站4066ded March 2010) No. of Employees 31