Japan-US Business Report LogoJapan-U.S. Business Report

No. 346, July 1998

Issue Index

Japanese Companies in the US


PAPER AND PULP

One of Japan's biggest paper traders and distributors has moved into the American paper recycling market. JAPAN PULP & PAPER CO., LTD. paid an estimated $7.1 million to acquire SAFESHRED CO., INC., a City of Commerce, California company that converts about 22,000 tons of white office-type paper a year into pulp for sale to West Coast paper manufacturers. The new owner hopes to recycle close to 50,000 tons of paper in FY 1999 for revenues of $6.5 million and double that volume within five years. Pulp exports to Japan are a possibility.

An exchange rate of ¥140=$1.00 was used in this report.
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