Nippon Paper Resources Australia Pty Ltd, a wholly owned subsidiary of Nippon Paper Industries Co., Ltd., has entered into an agreement to jointly acquire all the shares of Marusumi Whangarei Company Limited, a New Zealand-based softwood chip production and export company currently jointly owned by Marusumi Paper Co., Ltd. and Marubeni Corporation. …Following the acquisition, NPR and PF plan to enter into a formal joint venture shareholders’ agreement and jointly operate the business. MWC will subsequently be renamed NP Wood Fibre Company Limited. NP Wood Fibre Company Limited will operate a major New Zealand softwood chip production and export business, leveraging off the country’s abundant forest resources and positioning itself to meet the anticipated growth in global demand for softwood chips.