Marubeni : Investment in Thermal Paper and Carbonless Paper Converting and Printing Company in Malaysia
May 27, 2016 at 02:26 am EDT
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May. 27. 2016
Marubeni Corporation
Marubeni Corporation ('Marubeni') and Oji Holdings Corporation ('Oji Holdings') has entered into a Sale and Purchase agreement to acquire 76% of the shares of leading Malaysian thermal and carbonless paper converting and printing company, TELE-PAPER (M) Sdn Bhd ('TP'). As a result of this investment, the share ratio of TP will be Marubeni 36%, Oji Holdings 40%, and current owners 24%.
TP's main product is thermal paper, which includes a wide range of products such as thermal register rolls, ATM account statements, baggage tags, boarding passes, lottery tickets, parking tickets and medical recording papers. The thermal paper market is increasing worldwide and is especially expected to grow at a faster rate in South East Asia due to industry modernization.
With the top share in Malaysia in terms of processed thermal paper sales, and exporting primarily to ASEAN as well as other countries around the world, TP is proud to be one of the largest paper converting and printing companies in ASEAN. Marubeni, assisted by TP's in-house technologies, market knowledge and experienced management team, will expand the thermal paper business in the Asian market.
Company Name
TELE-PAPER (M) Sdn Bhd
Location
Shah Alam, Selangor, Malaysia
Establishment
1994
Main Business
converting and printing of thermal, carbonless paper
Revenue/Total Assets
(FY 2015) *Before audit
RM189M (JY5.3billion) / RM184M (JY5.2billion)
Employees
590 (December 2015)
Marubeni Corporation published this content on 27 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 May 2016 06:25:06 UTC.
Original documenthttp://www.marubeni.com/news/2016/release/00032.html
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Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)