Investment in Craftz Co., Ltd. by NSSK
Nippon Sangyo Suishin Kiko (“NSSK”; www.nsskjapan.com/) is pleased to announce that investment partnerships managed or provided with services by NSSK affiliates completed an investment in Craftz Co., Ltd. (“Craftz” or the “Company”; www.craftz.co.jp/).
Craftz is a global-standard flexible converter providing flexible packaging for food, confectionary, pet food, pharmaceuticals, and other consumer products both in Japan and Thailand. The Company, which was founded in 1933, has six factories in total, one in each of Tochigi, Niigata, Nagano and Saitama prefectures in Japan and two in Bangkok, Thailand, as the Crafts Group, including subsidiaries both in Japan and Thailand.
Flexible packaging refers to film packaging using materials such as polyethylene and polypropylene, which can easily change shape. Being a film material, it is lightweight, elastic, and easy to process. It is used in a wide range of fields. In terms of ESG, the shift to flexible packaging has been increasing in response to the trend of reducing the use of molded products and rigid packaging. In addition, flexible packaging is ideal for maintaining the quality, safety and hygiene of food due to its high gas barrier properties. It is also highly beneficial as it reduces food loss and transportation costs. As such, NSSK expects increasing solid demand for flexible packaging.