ZEON Corporation (President & CEO: Naozumi Furukawa) held two ceremonies on February 2, 2005 to celebrate the completion of a new Precision Optics Laboratory and the new Complex No. 5 in the Takaoka Plant of ZEON Corporation located in Takaoka, Toyama Prefecture. Complex No. 5 is owned by Optes Co., Ltd. (President: Masahiro Yamazaki), a subsidiary wholly owned by ZEON Corporation and this second facility upgrade is intended to increase production capacity for LCD optical film (product name: ZeonorFilm® ).
The Precision Optics Laboratory will accommodate most of the precision processing research functions currently being carried out at the R&D Center in Kawasaki, Kanagawa Prefecture. The integration of R&D and production functions at the Takaoka Plant will enhance communication and synergy between design and development and accelerate the development of products, such as various optical films, lenses, prisms, and diffusion plates used in cameras, DVDs, mobile phones, LCD televisions, PCs, and game devices.
The relocation of operations to the Precision Optics Laboratory intends to innovate production technology, such as renovating production facilities for precision processing, confidential, as competition in this field is expected to heat up in the future. Another aim is to develop technology for producing high quality precision optical products and for reducing production costs.
ZEON Corporation is currently building a next generation R&D building No. 10 inside the R&D Center in Kawasaki city to augment and promote R&D of original technology. This new laboratory and Precision Optics Laboratory aim to collaborate for the next generation of business by working together.
The facility upgrade for ZeonorFilm® increases Optes Co., Ltd.'s production capacity for LCD optical film, a decision carried out to accommodate favorable increases in sales and rapid expansion of the LCD flat panel market, mainly for LCD TVs. Annual capacity was increased from the existing 10 million square meters to 15 million square meters.
ZEON Corporation regards its specialty plastics business, comprising high-performance transparent thermoplastic resin, cyclo-olefin polymer (product name: ZEONEX® and ZEONOR® ) and high precision-processed COP products, to be an area with significant growth potential and has been aggressively investing in its facilities in recent years.
In October, 2004, in addition to polarizing film rolls, an existing product, ZEON Corporation developed and released four new types of ZeonorFilm® ; 1) those which have both have polarizing performance and polarizing plate protection performance; 2) those able to produce polarizing plates using roll-to-roll pasting technology; and 3) those able to contribute to improving the stability of the screen. The new product satisfies performance requirements in the next generation of large-size flat panel displays. ZEON Corporation had already doubled annual COP production capacity to 10,000 tons at the Mizushima Plant in 2004, but decided to further increase annual production to 15,000 tons in 2005. ZEON Corporation further intends to boost production capacity for various products based on the analysis of demand forecasts, while focusing on developing new products.