News Releases / 2019
October 18, 2019
Rengo Announces Full Ownership of Dalian Rengo Packaging
Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that Rengo has recently acquired all of the equity of Dalian Rengo Packaging Co., Ltd. (Head Office: Dalian, China; Chairman and President: Yosuke Kawamoto; hereafter “Dalian Rengo”), previously a Chinese joint venture company operated by Rengo and its Chinese partner since the company’s establishment in 1993. All equity held by the partner company has been transferred to Rengo, making the company a wholly-owned subsidiary of Rengo.
Dalian Rengo carries out business with major Chinese delivery companies, major local companies, and other excellent companies with foreign capital such as Japan as its main customers. Going forward, as a wholly-owned subsidiary of Rengo, Dalian Rengo will strive to speed up its management as well as further improve its service, and promote the further expansion of business in the Dalian region together with Dalian Guoli Packaging Co., Ltd., which is also based in Dalian and is 96% owned by Dalian Rengo and Rengo.
Overview of Dalian Rengo Packaging Co., Ltd.
No.1, Dianchi Road, Bonded Zone, Dalian, Liaoning, China
Legal representative Yosuke Kawamoto, Chairman General Manager Zhang Yong Capital 1,087 million yen Shareholder
Rengo Co., Ltd. (100%)
Main business Manufacturing and sales of corrugated board and boxes Net sales 224 million yuan (approximately 3,625 million yen; fiscal year ended December 2018) Number of employees 265