Nissha Co., Ltd. (hereinafter “Nissha”) signed a contract, for a capital and business alliance with Blue Ocean Closures AB (Headquarters: Sweden, hereinafter “Blue Ocean Closures”), a Swedish start-up producing fiber-based products.

As the reduction of environmental impact is recognized as a global social issue, plastic-free or recyclable products are attracting attention. Nissha has positioned sustainable materials as one of our priority markets. In response to this market, our Industrial Materials Business globally serves molded products mainly made from bio-based materials under “ecosense molding” brand. By providing a diverse lineup of molding technologies, we deliver sustainable solutions tailored to our customers’ needs.

Blue Ocean Closures, with a production base in Sweden, manufactures and supplies fiber-based products using proprietary technology that employs heat and pressure for molding. This technology eliminates the use of water in the process, enhancing both environmental sustainability and productivity.

With this capital and business alliance, Nissha aims to expand our business in the sustainable materials market by adopting Blue Ocean Closures’ proprietary molding technology to produce and sell fiber-based molded products in Asia including Japan, as well as Europe and North America. Additionally, by offering an expanded lineup of molding technologies, Nissha will provide a wide range of solutions related to plastic reduction and recycling, thereby contributing to the reduction of environmental impact.

The impact of this transaction on Nissha’s consolidated results for the current fiscal year is expected to be negligible. Going forward, if revisions to business forecasts or the announcement of other matters become necessary, we will make prompt disclosure of the same.