Japan Pulp and Paper : Notice Concerning the Acquisition of Shares in a Thermal Transfer Ribbon Converter and Seller in Singapore

Thermal transfer ribbons are used to print variable data on numerous applications where high durability, heat, chemical, and weather resistance properties are often required.
Demand for thermal transfer ribbons continue to grow, especially in food packaging, logistics, automotive, electronics, medical and textile appications.

OVOL SG, the biggest paper wholesaler in Singapore, is also working to expand sales of higher value-added products such as sign and display products. This acquisition will drive OVOL SG's efforts to diversify from its existing business to more value added products by new partners contributing new know-how.