150 years of History

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History of Global Expansion

Since 1970, the Oji Group has been expanding overseas in a variety of fields. In this section, we introduce
the challenges faced by each company in expanding its business activities around the world.

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2014.03 Establishment

Oji GS Packaging (Yangon) Co., Ltd.

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2014.12 Joined the Group Oji Fibre Solutions（OjiFS）

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2015.01 Establishment

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2016.05 Joined the Group Hyper-Region Labels Sdn.Bhd.(HRL)

52022.09 Joined the Group Adampak Pte. Ltd.

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2023.05 Joined the Group IPI S.r.I.

SingaporeItalysince 2014

Oji GS Packaging (Yangon) Co., Ltd.
Myanmar

New Zealand

PT Oji Indo Makmur Perkasa

History of Global Expansion

ustralia

Indonesia
Malaysia

MyanmarPlaying a central role in the development ofcorrugated container business in Myanmar
Oji Paper Asia (then OPA), established in ���� as the Malaysia-based regional headquarters for Southeast Asia, opened the OPA Myanmar branch in
Yangon in ���� to explore business development in Myanmar.
Since the transition to civilian rule in ����, Myanmar has been attracting attention from around the world as a business investment destination against
the backdrop of its abundant natural resources, and its economy has been developing rapidly. In particular, Yangon, the economic center of the country,
has been seeing active investment from various countries, with the textile and sewing industry, beverage and processed food businesses, etc., continuing to
expand into the area. On the other hand, the local corrugated container industry had a limited number of suppliers with modern processing
facilities. Therefore, in order to build and operate a mill ahead of other companies and to capture the corrugated container demand expected from thegrowth of the export and domestic demand industries, the Oji Group established Oji GS Packaging (Yangon) Co., Ltd. (hereafter referred to as OGPY) in����. This was the ﬁrst entry by a major foreign company in Myanmar's corrugated container industry.

OGPY was established as a joint venture with a local partner and funded by GSPP, an Oji Group's subsidiary in Malaysia, and built a new mill in the
Mingaladon Industrial Park on the outskirt of Yangon, where many Japanese companies were also operating. OGPY's business management andtechnical and sales support were provided by GSPP, and OGPY started commercial production in August ����. In ����, a ground-breaking ceremony
was held at the expansion site. Despite the economic and social turmoil in Myanmar caused by the coup, OGPY has continued stable operations and willcontinue to push forward with the corrugated container business to fulﬁll its social responsibility.

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❶Panoramic view of the mill ❷OGPY opening ceremony in August ����.

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Company Profile
Company Name

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沿

革

����

Foreign Investment Permit approved by MIC (Myanmar Investment Commission)

Business����Establishment of Oji GS Packaging (Yangon) Co,. Ltd.

Year of Establishment

����Start of operations

����

B-1-1 Ground-breaking Ceremony

Oji GS Packaging (Yangon) Co., Ltd.
Manufacturing and sales of corrugated containers
2014

Location

Mingaladon Industrial Park, Northern Yangon,
Myanmar150 years of History

2

History of Global Expansion

History of Global Expansion

since 2015

since 2014

Oji Fibre Solutions（OjiFS）

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New ZealandAustralia

PT Oji Indo Makmur Perkasa

Indonesia

New bases acquired in NZ and Australia,
taking on the world with softwood pulp

Expansion of production bases in Southeast Asia
in the household and consumer products business

Since around the time of the introduction of the holding company system in ����, the Oji Group has been vigorously promoting thetransformations of its business structure. Among these, the expansion of the forest resources and environment marketing business, especially pulp,
and the development of the packaging business in countries where economic growth was expected, were major pillars in achieving thebusiness structure transformations. As a step in this direction, Oji Holdings acquired Carter Holt Har vey's Pulp, Paperboard, and Packaging Div.
(CHHPP) in ����, jointly with the Innovation Network Corporation of Japan (INCJ).
With the acquisition, the Oji Group was able to add softwood kraft pulp to its lineup of externally marketed pulp by taking advantage of the location,

Indonesia has the largest population in Southeast Asia at more than ��� million, with more than �.� million newborn babies born each year.
Combined with its remarkable economic growth in recent years, this market is expected to continue to see growth in demand for disposable diapers.
The joint venture PT Oji Indo Makmur Perkasa was established in ���� to strengthen product development capabilities and business competitivenessof disposable diaper products, as well as to build a foundation for promoting business development overseas.
Thereby, Oji Group entered into the production and sales of disposable diapers in Indonesia.
Until the mill was set up, the company began production and sales on an OEM basis, selling single-pack disposal diapers sold primarily to small
market retail outlets and products with �� to �� disposal diapers or less per pack. When launching the jumbo size, it entered Indomaret, the largest chain of
convenience stores in Indonesia, and gradually expanded its sales outlets.

which is rich in globally valuable softwood resources. In addition, the acquisition of the paperboard business, which utilizes softwood pulp and is uniquein its strength, and the packaging business (corrugated containers and bags) in NZ and Australia, which makes use of the base paper, enabled

the Oji Group to capture the demand associated with economic growth in Oceania, which was expected to develop.
In ����, CHHPP changed its name to Oji Fibre Solutions (OjiFS) to clarify its position as a member of the Oji Group, and actively pursued businessactivities in accordance with the major policy outlined above.
In ����, the Oji Holdings purchased the stake from INCJ and made OjiFS a wholly owned subsidiary. In addition to further contributions to the group's proﬁt,
synergies and mutual suppor t with PanPac, which has been operating in NZ for a long time, and its various Southeast Asian bases, which are closein distance, are also expected in the future.

In ����, the company's own long-sought mill began operations. Although there were some diﬃculties during the start-up, such as conducting pre-startup trainings for mill personnel at Nagoya Mill and OAHP in Malaysia, the mill was successfully launched with the operational support of Oji Nepia's
operators. Since then, additional processing machines have been installed, and the local operators have become more skilled, and are working to improve
productivity by increasing speed and yield.
The most recent major initiative was the launch of three-pack disposal diapers in addition to the current single-pack. PT has introduced these new forms
of products to the market and has seen a steady increase in volume. They will continue to increase production to meet strong demand in Indonesia.

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❶Head office (Auckland, NZ) ❷Kinleith Mill (NZ/pulp and paperboard) ❸Tasman Mill (NZ/pulp) ❹New Yatala Mill (Australia / corrugated containers) ❺New Christchurch Mill (NZ/
corrugated containers)

Company Profile
Company Name

Oji Fibre Solutions

Business

Manufacture and sale of pulp andpulp products and packaging materials

Year of Establishment

1874 (joined the Oji Group in 2014)

Location

New Zealand and Australia

History
2014

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Company Profile
Acquisition of CHHPP jointly with Innovation Network Corporation of Japan (INCJ)

5❶Completed mill ❷The mill under construction (at the time) ❸Banner advertisement at Indian Mallet store ❹Products in single-packs displayed in a store ❺ Character Omba-chanCompany NamePT Indo Oji Sukses Pratama

2015

Company name changed to Oji Fibre Solutions

2017

New Yatala corrugated container mill was built in Queensland, Australia

2021

Christchurch corrugated container mill in NZ was newly built and relocatedYear of Establishment

2022

Oji Holdings acquired INCJ's stake in OjiFS. Became a wholly owned subsidiary.

Location

Business

Manufacture and sale of disposable
diapers for children
2015

Indonesia

History
����
����
����

����

����
����

Establishment of PT Oji Indo Makmur Perkasa
Started sales through OEM production
Launch of jumbo packs, Entry into Indomaret
Start of production at the company's own mill
Launch of 3-piece lentchens
Expansion of processing machines150 years of History

History of Global Expansion

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since 2016

History of Global Expansion

since 2022

Hyper-Region Labels Sdn.Bhd.(HRL)

Malaysia

Develop downstream business in Southeast Asiaand expand group synergies

The Oji Group began discussing the acquisition of Hyper-Region Labels Sdn. Bhd. (hereafter referred to as HRL) around ���� and acquired thecompany in May ����, making it part of the Oji Group. HRL's business of manufacturing and selling special labels and one-stop service forcustomers matched the vision of the Functional Materials COMPANY, which w a s c o n s i d e r i n g e x p a n d i n g i n t o d o w n s t r e a m b u s i n e s s i n t h ecommunication paper ﬁeld. In addition, its location in Johor Bahru, on the southern tip of Malaysia, made it an attractive production and sales base forsouthern Malaysia and Singapore, which were not adequately served at the time.
Product development utilizing upstream adhesive paper base stock struggled in terms of cost and delivery time, but with the support of Oji Imaging
Media Co.,Ltd., the lead company in terms of equipment and operational guidance, HRL has been able to move forward by combining the strengthsof the group, such as relocating plate-making equipment (CTP) that had become idle within the Oji Group and achieving increased speed in label printing
processing with an �-color ﬂexographic press.
Now the company is constantly looking for ways to expand group synergies while creating new revenue streams with TP Malaysia andAdampak Singapore, which it later acquired, and UKB, a packaging company in the region.

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Adampak Pte. Ltd.

Singapore

Expansion of high value-added label business in Asia
Adampak was established in Singapore in ����. In addition to its headquarters in Singapore, it has seven mills in six other Asian countries: Malaysia,
Thailand, the Philippines, Indonesia, and China. Their customers are global companies that require high value-added, customized, advanced label solutions,
including electronic tags and components that require precision punching. They aim to provide products and services in a wide range of ﬁelds such as
storage, electronics, batteries, automotive, logistics and healthcare.
Using state-of-the-art production equipment such as digital printing presses, multi-color high-speed ﬂexographic printing presses, letter press printingpresses, precision punching equipment, and high-speed automatic inspection equipment, the company has secured a strong presence in Southeast Asia
and China through integrated production from label design to printing processing.
They have built long-term, close relationships with quality customers by enhancing their brand value through reﬁnement in quality, customer service,competitive pricing and on-time delivery, and their slogan "Stick with Us" expresses this attitude.
Oji was interested in Adampak's ability to propose high value-added labels and its supply capacity in the Asian region. With the aim ofincreasing customer value by achieving integrated production from base paper to processing, the Oji Group made it a wholly owned subsidiary in
September ����. As a member of the Oji Group, Adampak will create synergy between the high quality products of the group companies and theirhigh recognition in the market, and contribute to their customers more than ever as a one-stop packaging solution provider, not just a label printing
company.

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❶ Singapore Head Office ❷Aident Corporation (Penang, Malaysia) at the time of establishment in ���� ❸Label processing mill ❹・❺ Product sample

4❶Head office and mill ❷Product samples ❸UV flexographic press ❹Processing machine for decorative boxes

Company Profile
Company NameHistory
Former owner established Hyper-Region Labels Sdn. Bhd.

����Oji Asia Management (OAM) acquired 60% stake and HRL became part of the Oji GroupYear of Establishment

����8-color flexographic press installed

Location����Business

Printing, processing and sales of labels,
folding cartons, brochures and others
2003 (joined the Oji Group in 2016)
Malaysia

OAM acquired remaining 40% stake in HRL. Became a wholly owned subsidiaryof OAM

History

Company Name����

Establishment of Adampak in Singapore

Business����Establishment of Adampak & Print (Philippines) in the Philippines

Adampak Pte. Ltd.

����Hyper-Region Labels Sdn. Bhd.

Company Profile

Manufacture and sale of electronic tags,label printing and cutting processed products

Year of Establishment

1979 (Joined the Oji Group in 2022)

Location

Singapore

����
����
����

����
����
����

����

Adampak acquired Aident Corporation in Penang, Malaysia
Establishment of Adampak (Thailand) in Thailand
Establishment of Adampak (Suzhou) in Suzhou, China
Adapak listed on the Singapore Stock Exchange
Navis Capital acquired Adampak
Acquisition of Modagrafics Auto in Indonesia
Adampak became a wholly owned subsidiary of Oji Imaging Media

150 years of History

History of Global Expansion

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since 2023

IPI S.r.I.

Italy

Toward global expansion of liquid paper carton businessIn alignment with the Oji Group's Purpose, we are expanding our liquid paper carton business as part of our eﬀorts to achieve a sustainable
society by reducing plastic usage. In pursuit of this purpose, and recognizing the global signiﬁcance of the aseptic market, the Oji Group
completed the acquisition of IPI, an Italian company focused on manufacturing and selling converted paper and ﬁlling machines for aseptic
liquid paper cartons in May ����. This strategic move aims to enter the aseptic market, which is the largest in the world for liquid paper cartons,
with expectations of continued market growth, particularly in industrialized countries.
Aseptic liquid paper cartons can be aseptically ﬁlled and stored for six months to a year at room temperature, and are used for long-life milk andother dairy products, fruit juices, wine, soups, sauces, etc. Predominantly, aseptic liquid paper cartons have become the mainstream
on the global level, surpassing chilled alternatives that require refrigeration technology with an annual growing rate of approximately �% in Asia.

This acquisition now enables the Oji Group to have a comprehensive integrated production and supply system for base paper and converted paper in
the aseptic market, including the supply of ﬁlling machines. IPI’s sales area diﬀer signiﬁcantly from the Oji Group’s activities to date, with a focus on
Africa, Europe, and the Middle East. By utilizing this sales network in the future, it is expected to facilitate the Oji Group’s entry and expansion into new
regions, and furthermore, it is expected to expand sales of IPI’s products by leveraging the Oji Group’s existing sales network in Southeast Asia which isthe strength of the Oji Group.
Currently, as a member of the Oji Group, IPI is actively pursuing various initiatives to integrate management, operations, and employee
awareness in order to maximize IPI's potential as quickly as possible.

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❶Pierantonio Factory( Italy/Perugia)❼FX��� development site

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❷Interior view of the factory ❸Monthly meeting of department ❹Aseptic Filller（NSA EVO & FX���） ❺Product sample ❻New company logo

Company Profile

History

Company NameIPI S.r.I.

Business

Manufacture and sale of converted paper for
liquid paper cartons and filling machines

Year of Establishment

1981 (Joined the Oji Group in 2023)

Location

����
����
����

����

Establishment of IPI S.r.l.
Construction of a new converted paper mill in Perugia
Coesia S.p.A. acquired 100% stake in IPIOji Holdings acquired 100% of IPI's stake from Coesia S.p.A.

Italy

王子グループ 150周年記念誌

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