High Performance Plastics Company (President: Takayoshi Matsunaga) of SEKISUI CHEMICAL CO., LTD (President: Naofumi Negishi, hereinafter Sekisui Chemical) has established PT Sekisui Indonesia on September 23 for sales, import and export of Sekisui Chemical Group products to capture the growing demand in the ASEAN region including Indonesia.
The Background of the Establishment of the New Company
Considering that the overseas businesses are the potential growth areas, the Sekisui Chemical Group's 5 year Midterm Management Plan GS21-SHINKA! with FY2013 as the final year, is focused on our positioning and overseas business expansion.
In FY2010, the consolidated sales for our overseas businesses were more than 180 billion yen and we are aiming for 300 billion yen in FY2013.
Until now, we have established sales companies in Singapore in 1991 and Thailand in 2010, and we are aiming to capture the demand in the still growing Southeast Asia region.
Indonesia has the 4th largest population in the world, and because it is continuing to grow centered on domestic demand, it is a good prospect for our future market expansion.
Considering that the overseas businesses are the potential growth areas, the Sekisui Chemical Group's 5 year Midterm Management Plan GS21-SHINKA! with FY2013 as the final year, is focused on our positioning and overseas business expansion.
In FY2010, the consolidated sales for our overseas businesses were more than 180 billion yen and we are aiming for 300 billion yen in FY2013.
Until now, we have established sales companies in Singapore in 1991 and Thailand in 2010, and we are aiming to capture the demand in the still growing Southeast Asia region.
Indonesia has the 4th largest population in the world, and because it is continuing to grow centered on domestic demand, it is a good prospect for our future market expansion.
Outline of the Established Company
| 1) | Company Name | : | PT Sekisui Indonesia |
| 2) | Establishment Date | : | September 23, 2011 |
| 3) | Start of Business Date | : | October 3, 2011 |
| 4) | Principal Business | : | Import, export and sales of plastic products. |
| 5) | Location | : | Jakarta, Indonesia |
| 6) | Name of Representative | : | Yoshihiko Okamoto (President) |
| 7) | Number of Employees | : | 3 |
| 8) | Capital | : | 500,000 US dollars |
| 9) | Capital Structure | : | Sekisui Chemical 99% and Sekisui Chemical Singapore (Pte.)Ltd. 1% |
| 10) | Sales Plan | : | Approximately 400 million yen in FY2013 |
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.