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Press Release
Joint Venture for Vehicle Components Molding Business Established in Indonesia
Apr 23, 2013
SEKISUI CHEMICAL CO., LTD

SEKISUI CHEMICAL CO., LTD. (President: Naofumi Negishi, hereinafter called "Sekisui Chemical") and PT ADYAWINSA DINAMIKA of Indonesia finished establishing a joint venture for vehicle components molding business PT. ADYAWINSA SEKISUI TECHNO MOLDING (hereinafter called "ASTM") on March 18, and started operations on April 1.
On April 4, people from within the industry were invited, and an establishment ceremony was held at the GRAN MELIA JAKARTA hotel in Jakarta.
Economic growth in Indonesia is remarkable, with GDP exceeding $3,000 per citizen in 2010, and there are prospects of motorization accelerating.
In Japan, SEKISUI TECHNO MOLDING CO., LTD., which is a 100% subsidiary of Sekisui Chemical, is strengthening ties with vehicle manufacturers, and is meeting needs through business cooperation from the product planning and design stage, but in Indonesia, the aim is to expand trading with vehicle manufacturers through ASTM, and to establish a base for the injection molding business in the country.

Scenes from the ceremony

ASTMPresident Mamoru Kanno
ASTM
President Mamoru Kanno

Sekisui ChemicalHigh Performance Plastics CompanyPresident Takayoshi Matsunaga
Sekisui Chemical
High Performance Plastics Company
President Takayoshi Matsunaga

photo

Press Contact

SEKISUI CHEMICAL CO., LTD.
Corporate Communication Department, Public Relations Group
Fax:(+81)3-5521-0510

Disclaimer

This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.
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