Daio, Tokushu Tokai form partnership
Published August 14, 2013
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In news initially reported by Jiji Press Japanese paper companies Daio Paper Corporation and Tokushu Tokai Paper Co. said that they would acquire a 3% stake in each other by the end of the month, an agreement designed to boost their cooperation in the development of disposable diapers. Daio is the fourth-largest paper manufacturer and Tokushu Tokai is a major producer of specialty paper.