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Press Release

 

Mipox, Nippa, and KWS Form Joint Venture

Mipox, Nippa CO., LTD(Osaka, Japan,  Representative Mr. Hayashi Yukio, hereafter "Nippa"), and KWS SUPPLY Co., Ltd.(Bangkok, Thailand, Representative Mr. Kongsiriphisan Wirat, hereafter "KWS") agree to form Joint Venture of slitting business as described below.

 

1, Purpose of Establishment
We are concentrating in "Strengthen OEM Business", as one of main strategies.
To offer appropriate product/service in each region("Local Fit"), We will establish the base to offer high-quality slitting service in South Asia.

 

2, Summary of Joint Venture

Name

Precision Converting Co., Ltd. (planned)

Date of Establishment

October, 2014 (planned)

Place

Ayutthaya, Thailand

Capital

THB 36,000,000

Representative

Mr.   Kongsiriphisan Wirat (planned)

Investment Ratio

Mipox  24.5%

Nippa  24.5%

KWS   51.0%

Business

Slitting

 

3, Summary of Partners

 

Nippa

KWS

Name

Nippa CO., LTD

KWS SUPPLY Co., Ltd.

Place

1-23-101,   Esakachou, Suita-city, Osaka 564-0063, Japan

Daidoseimei   Esaka Building 13F

292/39 Moo 12,   Bangpakok, Rathburana, Bangkok, Thailand 10140

Representative

Mr. Yukio Hayashi

Mr. Kongsiriphisan Wirat

Business

Manufacture of release film, release paper, special tape, etc.

Sales of industrial material

Date of Establishment

April 26, 1948

August 15, 2005

Capital

JPY 10,000,000

THB 5,000,000

 

4, Schedule
October, 2014: Make Joint Venture Agreement (planned)
October, 2014: Establish Joint Venture (planned)
March, 2015: Start operation

 

5, Effect on Profit
The resulting effect on profit and loss will be minor.