Our major subsidiary, Nippon Paper Industries Co., Ltd. (President: YoshioHaga), has been deeply committed to the restoration of the Ishinomaki Mill (Ishinomaki, Miyagi), which was damaged in the Tohoku-Pacific Ocean Earthquake, and we are pleased to announce that its reopening is imminent.
After restoring the privately owned electrical power facility, which is the source of the power in the mill, by August, Nippon Paper Industries will restart the production of printing and publication paper by the end of September. The company is planning to fully restore the major paper machines this year.
Moreover, while determining the supply and demand balance going forward, we will be studying the production system to maximize profits. The associated plan will be announced as soon as it takes concrete form.