News Releases / 2012
January 13, 2012
Rengo Announces the Opening of Tianjin Rengo's New Plant
Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that its Chinese subsidiary Tianjin Rengo Packaging Co., Ltd. (Head Office: Tianjin, China; Chairman: Yoshitaka Ozawa (member of the Board and Senior Managing Executive Officer of Rengo Co., Ltd.); referred to as "Tianjin Rengo") has commenced operations at its new plant at the beginning of 2012. Construction of the new plant was completed at the end of 2011.
Tianjin Rengo's main sales area is Tianjin and its neighboring city of Beijing. It provides corrugated packaging to Japanese and other foreign capital corporations in addition to local Chinese corporations.
The new plant is located close to the Tianjin Economic-Technological Development Area (TEDA). In order to fulfill the needs for corrugated packaging of customers within the area, the plant's principal equipment was upgraded and production capacity has been doubled. As a wholly-owned subsidiary of Rengo, Tianjin Rengo will strive to increase the pace of management initiatives, improve service, and reinforce business in Tianjin and the Beijing economic zone, where continued market expansion is expected.
Overview of Tianjin Rengo Packaging Co., Ltd.
No. 12 Fengze 4th Road, Balitai Industrial Park, Jinnan, Tianjin
Legal representative Yoshitaka Ozawa General manager Kotaro Nakayama Capital USD 25.5 million (approximately JPY 1,939 million) Shareholder
Rengo Co., Ltd. (100%)
Main business Manufacturing and sales of corrugated board and boxes Net sales
RMB 109 million (approximately JPY 1,344 million)
(for the fiscal year ended December 2010)
Number of employees 210 (as of January 2012) Site area 50,662m2 Total floor area 27,199m2