By Si Zhanwei

On 29th April, the signing ceremony of Elleair high-end household goods capital increase project was held in Nantong Economic & Technological Development Area. The registered capital increased by 27 million U.S. dollars. Takahisa Kashiwabara, Managing Executive Officer and President of Elleair International China (Nantong) Co., Ltd., stated that China is the group’s most important overseas market. The capital increase demonstrates the headquarters’ strong confidence in the Chinese market and full recognition of the business environment in Nantong Economic & Technological Development Area.

Daio Paper Corporation was founded in 1943. It is one of Japan’s comprehensive paper manufacturing groups. In 2012, it invested in and established Elleair International China (Nantong) Co., Ltd. Its products including baby diapers and feminine sanitary products have won a broad domestic and international market with their excellent quality. Since it was founded, the company has increased capital and expanded production several times. The previous total investment amounted to 460 million U.S. dollars, with a registered capital of 160 million U.S. dollars.