Kaneka Establishes a New Company in India

News Release

Kaneka Establishes a New Company in India


―Aiming to strengthen market survey and sales activities to accelerate global expansion―

KANEKA CORPORATION
May 13, 2010
Kaneka Corporation (Headquarters: Osaka. President, Mr. Kimikazu Sugawara) established a new company in New Delhi that will engage in sales activities in order to expand its business in the rapidly growing Indian market.

The main roles of the new company will be as follows:
○ To roll out sales and technical service activities more finely tuned to customer needs in order to further expand already existing businesses there.
○ To roll out market/customer survey and sales support activities for businesses that will potentially be introduced to the market in the near future.
○ To search for potential opportunities for local production, M&A and technological collaboration and make proposals while keeping track of economic, legal and other circumstances in the country.
○ To serve as a front-line base for collecting information on future business expansion into the Middle Eastern market.

India’s GDP for last year is forecasted to show 7-8% growth thanks in part to robust domestic demand. It is expected that the bullish economic growth will continue and that it will become a huge market in the near future. Strategic business expansion in the Indian market is extremely important for Kaneka to engage in further global expansion. Developing the new company into a corporate base from which to roll out various Kaneka businesses
will allow Kaneka to build a solid business foundation in the Indian market.

Outline of the New Company
– Company name: KANEKA INDIA Pvt. Ltd. (Kaneka India)
– Business: Indian market survey and sales support activities
– Capital: 17.5 million rupees (approx. 35 million yen)
– Founded: April 2010
– Head office: New Delhi, India
– Representative: Isao Otsu, Managing Director
– Shareholders: Kaneka Corporation (99%) and Kaneka (Malaysia) Sdn. Bhd. (1%)

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