- Change from "Kleerdex Company, LLC." To "KYDEX, LLC." -
The Urban Infrastructure & Environmental Products Company (President: Yoshiyuki Takitani) of SEKISUI CHEMICAL CO., LTD. (President & Representative Director: Naotake Okubo, hereinafter referred to as "SEKISUI CHEMICAL") has changed the name of its consolidated subsidiary, Kleerdex Company, LLC (President: James Medalie), a company engaged in the business for thermo forming sheets in the U.S., to "KYDEX, LLC."
| 1. | About Kleerdex Company, LLC. Kleerdex Company LLC. is engaged in the business for thermo forming sheets under the "KYDEX®" brand. In recent years, achievements such as high performance and enhanced variation to meet customer needs have won high acclaim and the company is engaged in the business mainly in high-end sectors in Europe and the U.S. with products for applications such as aircraft and railway carriage interiors and housings for high-grade medical devices. |
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| 2. | Aim of Change to Company Name The aim of adopting the name "KYDEX®," a product brand that has gained a reputation as a top global brand, as the company name is to enhance competitive power and to ensure sustained growth. |
[Overview of Company]
| 1) | New company name | : | KYDEX, LLC | |
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| 2) | Date of change of company name | : | January 1, 2009 | |
| 3) | Business activities | : | Manufacture and sales of thermo forming sheets, etc. | |
| 4) | Representative | : | James Medalie, President | |
| 5) | Sales volume | : | Approximately 68,000,000 U.S. dollars (FY2007) | |
| 6) | Number of employees | : | 145 | |
| 7) | Capital | : | 3,472,000 U.S. dollars | |
| 8) | Investment | : | 100% share owned by Sekisui America Corporation* | |
| 9) | Address of head office | : | 100 Gaither Drive, Suite B, Mount Laurel, New Jersey, U.S.A. | |
| * | Sekisui America Corporation is a 100%-owned subsidiary of SEKISUI CHEMICAL. |
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[Reference]
| 1. | About thermo forming sheets thermo forming sheets are large sheets 1-15mm thick and 1000-2500mm wide used for small lot multi-type production or large molded products for which extrusion molding requiring expensive dies is not suitable. The final product is produced by vacuum or pressure molding and cutting of plastic sheets using inexpensive dies. Use of plastic sheets covers a wide range extending from general applications such as furniture, interior walls, billboards, machines, devices, ATMs and housing materials to high-end applications such as aircraft, trains, buses, camping cars, construction machinery and agricultural machinery. High-end applications in particular require blending of a wide range of surface designs, glosses and a 3,000-color lineup to meet the needs of users, applications and models. |
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| 2. | Examples of Uses of thermo forming sheets |
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 Business-class seating for aircraft |
  Railway carriage seating and interiors |
 Medical devices |
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.
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.