Notice Regarding Strengthen Strategic Partnership with Sulapac,
a Material Innovation Startup

November 29, 2022

Nissha Co., Ltd.

Nissha Co., Ltd. (hereinafter “Nissha”) has entered into financial and business partnership with Sulapac Oy (Headquarters: Finland, hereinafter "Sulapac"), the material innovation startup.

Sulapac, the science-based startup, has developed beautiful, functional, and sustainable materials that have all the good qualities of conventional plastics yet biodegrade without leaving permanent microplastics behind. Sulapac’s biocomposite is a drop-in solution that is suitable for existing plastic machinery and mass production. It is bio-based, sustainably sourced, and designed to replace conventional plastics.

Sulapac

Sulapac

Since Nissha recognizes that providing sustainable products which contribute to a sustainable society becomes a business opportunity as global interest in sustainability is increasing, our Industrial Materials Business Unit provides molded products “ecosense molding”, made from environmentally-friendly materials under Nissha ecosense brand. As one of ecosense molding lineups, Nissha has produced and sold containers made from Sulapac materials, Biocomposite-Injection Sulapac®, mainly for food supplements and cosmetics under the strategic partnership with Sulapac up to the present. With this strengthening our partnership, Nissha will attempt to expand product lineups of ecosense molding and accelerate sales in global market.

Sulapac

*Sulapac is registered trademark or a trademark of Sulapac Oy.

Overview of Sulapac Oy

Location Iso Roobertinkatu 21, 00120 Helsinki, Finland
Representative Suvi Haimi (CEO)
Established 2016
Employees 40 (As of November 2022)
Business outline Development and sales of biocomposite materials
Official website https://www.sulapac.com/

Outlook going forward

The impact of this transaction on Nissha’s consolidated results for the current fiscal year is expected to be negligible. Going forward, if revisions to business forecasts or the announcement of other matters become necessary, we will make prompt disclosure of the same.

Sulapac

About Nissha
Nissha (TSE:7915) was founded in 1929, aspired of high-quality photographic printing in Japan. Since the foundation, Nissha has been constantly attempting to improve core technologies while integrating the technological elements such as Molding and Coating, into the Printing technology we have cultivated. Now, Nissha offers a range of products and services that contribute to solving social issues, with a focus on the priority markets of medical devices, mobility, sustainable materials and IT devices.

Sulapac

About Sulapac
Sulapac® is an award-winning, patented, bio-based alternative to conventional plastics. It accelerates a plastic waste-free future with sustainable materials that are beautiful and functional. Like nature. The Helsinki-based company was founded in 2016 by Dr. Suvi Haimi, Dr. Laura Tirkkonen-Rajasalo and Dr. Antti Pärssinen. Its investors include CHANEL and Sky Ocean Ventures. Sulapac was ranked one of Europe’s 100 hottest startups by WIRED UK in 2018, 2019 and 2021, and one of the Nordic startups to watch in 2021 by Sifted, backed by the Financial Times. Join the forerunners at sulapac.com. Together we can save the world from plastic waste.
About Nissha

Sulapac

Nissha (TSE:7915) was founded in 1929, aspired of high-quality photographic printing in Japan. Since the foundation, Nissha has been constantly attempting to improve core technologies while integrating the technological elements such as Molding and Coating, into the Printing technology we have cultivated. Now, Nissha offers a range of products and services that contribute to solving social issues, with a focus on the priority markets of medical devices, mobility, sustainable materials and IT devices.
About Sulapac

Sulapac

Sulapac® is an award-winning, patented, bio-based alternative to conventional plastics. It accelerates a plastic waste-free future with sustainable materials that are beautiful and functional. Like nature. The Helsinki-based company was founded in 2016 by Dr. Suvi Haimi, Dr. Laura Tirkkonen-Rajasalo and Dr. Antti Pärssinen. Its investors include CHANEL and Sky Ocean Ventures. Sulapac was ranked one of Europe’s 100 hottest startups by WIRED UK in 2018, 2019 and 2021, and one of the Nordic startups to watch in 2021 by Sifted, backed by the Financial Times. Join the forerunners at sulapac.com. Together we can save the world from plastic waste.

Inquiry

Please feel free to contact us.
- The content of the web is information at press time, may change thereafter without notice. Due to risks and uncertainties, predictions may differ from actual results. Please be forewarned.
- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.

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