VIETNAM (News release) -- Japan's Oji Holdings Corporation has decided to establish a new corrugated container plant in northern province of Vinh Phuc, Vietnam.

The corrugated container business in Vietnam Oji group set "expansion of overseas business" as one of the major pillars to strive towards the realization of an innovative value-creating company.

The planned investment is about JPY 5 billion ($44.2 million) and the planned commencement of operation is July 2023.