In 2012, ITOCHU invested in Metsä Fibre Oy (MF), which is one of the largest softwood pulp producers in the world. At present ITOCHU has a 25% stake in MF. MF owns four pulp mills and four sawmills in Finland. The company boasts of a 3.9 million ton pulp production capacity. It leads the world in terms of the quantity of pulp supplied to the market.
ITOCHU sells softwood pulp from MF in the Asian and North American markets as MF's exclusive agent in these areas.
Its pulp milling process generates electricity. It supplies any surplus power it has after its own consumption of electricity to the surrounding areas. The power it supplies is around 20% of the bioenergy generated in Finland. This significantly aids the conservation of the regional environment. ITOCHU will continue enhancing its business through joint actions with these excellent partners.

ITOCHU Pulp & Paper Corp., a subsidiary of ITOCHU, deals in woodchips which are a raw material of paper and pulp as well as paper and paper products.
In the field of woodchips, the company procures woodchips produced in properly managed, certified forests and sells them to papermaking companies in Japan and other countries. The company also participates in the management of a forestation business in New Zealand, Chile, and Vietnam.
In the field of paper and paper products, ITOCHU Pulp & Paper Corp. not only sells paper and paperboard but also engages in the global procurement and sale of various paper products, including logistics materials such as corrugated carton boxes, labels, and sales slips, environmentally friendly paper food packaging materials for convenience stores and food manufacturers, and store supplies.
The company is also developing automatic packaging equipment and other devices for the optimization of supply chains, including processing and logistics operations, and to address the labor shortage.
The company is engaged in optimizing supply chains including converting process and logistics operations, and is also developing automatic packaging equipment to address the labor shortage.