At a recent board meeting, Daio Paper made a decision to establish an overseas subsidiary in Ho Chi Minh City, Vietnam.
The move is said to be aimed at strengthening sales of products in the ASEAN region in order to further expand overseas business in home and personal care. Through this new overseas subsidiary, Daio Paper will strengthen marketing activities tailored to the needs of local consumers and accelerate the development of distribution channels.
The subsidiary, called ELLIEAIR INTERNATIONAL, specializes in the import and sale of household and personal care products, including diapers and toilet paper. With a registered capital of US$3.5 million, the subsidiary is 100% funded by Daio Paper. The subsidiary will be established in August and will commence operations in October.