Chuetsu Pulp & Paper Co.,Ltd. [3877.T]
TOKYO, Mar 27 (Pulse News Wire) – Chuetsu Pulp & Paper CO.,LTD. (3877.T) announced today that its subsidiary, Chuetsu Eco-Pro, will dissolve on March 31, 2026.
The dissolution stems from the bankruptcy filing of joint venture partner Environmental Management Institute on March 26, 2025, which halted their planned joint ventures. Chuetsu Pulp & Paper holds a 60% stake in Chuetsu Eco-Pro, while Environmental Management held a 40% stake. Chuetsu Eco-Pro was established to develop plastic-free related businesses, manufacturing and selling mixed paper and synthetic resin materials. As of March 2, 2026, Chuetsu Pulp & Paper acquired shares previously owned by Environmental Management, now holding 100% of Chuetsu Eco-Pro's outstanding stock.
The company employs two directors and six staff members who work part-time at Chuetsu Eco-Pro. In addition, Chuetsu Pulp & Paper plans to establish a new department dedicated to exploring and implementing further initiatives in plastic reduction efforts. The newly formed department will take over ongoing projects from Chuetsu Eco-Pro and investigate potential new opportunities in environmentally friendly ventures. The impact of the subsidiary’s dissolution on future performance forecasts will be disclosed promptly if additional significant changes arise.
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