ZEON Polymix (Guangzhou) Co., Ltd. will be initially capitalized at US$3 million with investment by four companies; ZEON Corporation, ZEON Polymix Inc. (a wholly owned subsidiary of ZEON Corporation; President: Toshio Horie), Tokyo Zairyo Co., Ltd. (a 54% owned subsidiary of ZEON Corporation; President: Hiromichi Fukaya), and Toyota Tsusho Corporation (President: Masaaki Furukawa). The new company will launch commercial operation in July 2004 with an annual production capacity of 5,000 tons.
While CMB is used as a raw material in rubber parts for automobiles, demand in Guangzhou region has been expanding due to the increasing number of automobile manufacturers entering the region, as well as the expansion of production. With a newly established supply network responding to the needs of Japanese parts manufacturers who are accelerating the shift of their production operations to China, ZEON plans to expand and develop the CMB business in China, along with the existing Shanghai ZEON Co., Ltd., and ZEON Trading (Shanghai) Co., Ltd. In China’s growing market, the new company will be positioned to explore the demand for oil-resistant special synthetic rubber, a market in which ZEON commands the No.1 share worldwide, and will aggressively cultivate new customer bases for CMB.
Based on these activities, ZEON will encourage the growth of organizations that can ensure the stable supply of products with consistent quality, from either Japan or China, to many customers such as global automobile parts manufacturers, toward earning customer trust and loyalty. By achieving this, ZEON will strive to become the world leader in the oil-resistant special synthetic rubber market, while also expanding the CMB market, with the growth of the CMB business.
ZEON Advanced Polymix Co., Ltd., an affiliated company in Thailand (invested capital: 40% ZEON Corporation and 33% Toyota Tsusho Corporation), completed its facility expansion this June to increase its annual production capacity from 12,000 to 18,000 tons, and plans to accelerate its global strategy in the rapidly growing Asian market.
Corporate Profile
| (1) | Company name | ZEON Polymix (Guangzhou) Co., Ltd. |
| (2) | Location | Yonghe Economic Zone, Guangzhou, Guangdong, China |
| (3) | Capital | US$3 million |
| (4) | Investment ratio | 30% ZEON Corporation, 30% ZEON Polymix Inc., 30% Toyota Tsusho Corporation, 10% Tokyo Zairyo Co., Ltd. |
| (5) | President | Tadayuki Minami (Director, General Manager, Rubber Division, ZEON Corporation) |
| (6) | Production capacity | 5,000 t/year |
| (7) | Operation startup | Scheduled in July 2004 |
