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21.01.2026 market

Oji Holdings invests in next-generation microcrystalline cellulose technology

From right: Olli Kähkönen, CEO of Nordic Bioproducts Group; Hiroyuki Isono, CEO of Oji Holdings.

Oji Holdings announced the signing of an investment agreement to subscribe to a third-party allotment of shares in Nordic Bioproducts Group Oy (NBG), strengthening its microcrystalline cellulose (MCC) and forest biomass businesses. The transaction aimed to establish a strategic partnership focused on advanced bio-solutions and sustainable production models.

The integration of NBG’s innovative MCC technology with Oji Holdings’ industrial capabilities was expected to enable a more efficient manufacturing system. The creation of an integrated production platform was designed to reduce operating costs and CO₂ emissions, contributing to a competitive and environmentally sustainable value chain. Through this partnership, Oji intended to accelerate the development of its Forest Biomass Business and the next generation of bio-based solutions supporting the global green transition.

Nordic Bioproducts Group Oy, headquartered in Espoo (Uusimaa, Finland), is active in the manufacture and sale of microcrystalline cellulose and in R&D focused on advanced utilization of forest resources. Its manufacturing operations are located in Lappeenranta (South Karelia, Finland). The company’s MCC applications address a wide range of industrial uses, including functional materials and bio-based products.

Oji Holdings stated that the investment would have only a minor impact on its consolidated financial results for the fiscal year ending March 2026. The group emphasized that the partnership aligned with its broader sustainability strategy and long-term commitment to expanding value-added businesses based on renewable forest resources.