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Saturday, Nov. 10, 2012

Oji Paper, Sumitomo Forestry eye Myanmar woodland


Paper maker Oji Holdings Corp. and home builder Sumitomo Forestry Co. are jointly studying opportunities in Myanmar's forestry sector, according to sources.

The two firms have already launched a feasibility study on tree planting in the country, the sources said Thursday.

They are considering building a wood processing plant in Myanmar are also looking at the possibility of manufacturing paper in the country, the sources said.

They will draw up plans, including when they will start operations and how much they will spend, after looking into the results of the feasibility study and discussing the matter with Myanmar authorities.

Oji started tree-planting operations outside Japan in the 1970s to secure a stable source of material for paper and pulp. It now grows trees in a number of countries in Asia and elsewhere, including some emerging economies.

By teaming up with Sumitomo Forestry, which has strong wood processing technologies, Oji Paper hopes to produce housing materials and furniture in Myanmar. Oji will also procure resources for paper and pulp.

Myanmar, about 1.8 times the size of Japan, is believed to have one of the most abundant forestry resources in the world, as half of the country is forested.

Myanmar hopes to attract foreign capital to help achieve sustainable forestry that involves planned logging and tree planting, as the country faces overexploitation of its woodlands.

Taiwan marketing ploy


Yoshimoto Kogyo Co. said it will set up a permanent market next July for products from all of Japan's prefectures at a big commercial facility on Taiwan's remote island of Kinmen.

Entertainment firm Yoshimoto will solicit companies and producers through town and city governments to supply such goods as Japanese liquors and seafood products for sale to the more than 1 million Chinese and Taiwanese tourists to the island every year.

With the move, Yoshimoto, which has established operations in mainland China, also aims to contribute to better private-level exchanges between Japan and China through Taiwan.

Some 320 liquor and other items are customs-free on the island, so they can be sold at lower prices, according to Yoshimoto.

The market, covering about 590 sq. meters, will be created in the "Japan Area" building in the commercial facility to display products from each prefecture and hold seasonal fairs.

Participants in the market have to pay a basic monthly fee of ¥57,750 and 10 percent of sales in the market to Yoshimoto. The company is also studying opening up Internet sales.

The island about 10 km off Xiamen in China's Fujian Province was formerly a Taiwan military base but is now a tourist spot with increasing China-Taiwan exchanges.

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The Japan Times

Article 3 of 10 in Business news

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