TOKYO, August 12, 2005 - Ube Industries, Ltd. today announced plans to establish a new technical center in Thailand to be named Ube Technical Center (Asia) Ltd. The capital for the new company will come from Ube Nylon (Thailand) Ltd., a wholly-owned subsidiary of Ube Industries.
Ube Nylon (Thailand) operates a plant in Rayong Province, Thailand, where it oversees the manufacturing and sales of 25,000 tons of nylon and 6,000 tons of glass-reinforced nylon compounds annually. The new technical center will share the same address as Ube Nylon (Thailand) and will perform technical services for customers. Services will include material assessments such as heat resistance and weatherproof testing for nylon products, in addition to defect analysis and other services. The new center is expected to start operations in October 2005, with plans to add further testing and inspection equipment for the purpose of successively expanding its range of services.
The new technical center will serve as a powerful driving force behind the development of the nylon market in Thailand, the sales region covered by Ube Nylon (Thailand), as well as the rest of the ASEAN region. Looking forward, the new center will also undertake various development work on behalf of the Ube Group as a whole. In this role, Ube Industries anticipates that the new center will grow into a major development hub for Asia including Japan.
In addition to nylon production, Ube Industries owns two other subsidiaries in Thailand, Thai Caprolactam Public Co., Ltd. and Thai Synthetic Rubbers Co., Ltd., which manufacture caprolactam and synthetic rubber respectively. Within several years, Ube Technical Center (Asia) will expand its services to support both caprolactam and synthetic rubber products manufactured by Ube Industries' other subsidiaries in Thailand.
Eventually, Ube Technical Center (Asia) will evolve into a development wing for its parent company in Japan, in addition to supporting products manufactured in Thailand. The new technical center will work closely with Ube Engineering Plastics R&D Center, a European subsidiary located in Castellon, Spain that is scheduled to start operations by the end of 2005. In so doing, Ube Technical Center (Asia) will establish a global framework for supporting users.
|Company name||Ube Technical Center (Asia) Ltd.|
|Location||Same address as Ube Nylon (Thailand) Ltd. in Rayong Province, Thailand|
Managing Executive Officer and GM of Asia Operational Unit of Chemicals & Plastics Company for Ube Industries, Ltd. and in charge of Thai Synthetic Rubbers Co., Ltd., Ube Nylon (Thailand) Ltd., and Thai Caprolactam Public Co., Ltd.
|Type of business||Subcontract services for testing, analysis and processing|
|Projected capitalization||8 million bahts, wholly-owned by Ube Nylon (Thailand) Ltd.|
|Projected start of operations||October 2005|
|No. of employees||3 (in FY2005, increasing to 6 employees in FY2006)|
|Projected annual sales||13 million bahts|