Daio Paper to Withdraw from Indonesian Disposable Diaper Business

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Daio Paper announced on the 17th that it will withdraw from its disposable diaper business in Indonesia. It will dissolve and liquidate its local subsidiary that produces and sells baby diapers. The company entered the market in 2013, but decided that continuing the business was difficult due to intensifying price competition and soaring global energy and material prices.

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Daio Paper Corporation
3880
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Daio Paper withdraws from Indonesian diaper business due to intensifying price competition and soaring costs.