Launch of a Thermal Paper Business in Changxing County, Zhejiang Province

「Last year, we decided to enter the thermal paper business in Changxing County, Zhejiang Province, located 170 km west of Shanghai, China’s largest economic city. As logistics for a wide variety of products has increased annually with the spread of e-commerce in China, demand for thermal label paper used for product delivery has expanded rapidly. We will supply base paper for thermal paper produced at our Kishu Mill to a new plant in Zhejiang Province, where thermal paper will be manufactured and sold.」