Packaging

Rengo Invests in Shinwa Shiki

Friday 08. April 2011 - Rengo 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. Rengo will post executives on Shinwa Shiki’s board of directors and work to strengthen the company’s corporate structure through production and sales support. Rengo will also instigate collaboration between Shinwa Shiki and Rengo’s group companies and directly controlled plants nearby in an effort to enhance the Rengo Group’s corrugated packaging and bag manufacturing businesses in the Chugoku region of Japan.
Shinwa Shiki Co., Ltd. Corporate Outline
Location
1-15-20 Mitsui, Hikari-shi, Yamaguchi Prefecture
Representative
Masanori Nakamura
Capital JPY 20 million
Equity Participation Rengo: 99.5%
Business Scope Manufacture and sales of corrugated boxes and kraft paper bags
Sales JPY 413 million (for the fiscal year ended March 2010)
No. of Employees 31