ELASTOMIX Co., Ltd. (Emix) has decided to establish a joint venture in the Republic of Indonesia with PT. Prospect Motor (PM). By so doing, we strive to establish a new carbon masterbatch (CMB) production base second largest in the ASEAN region next to that in Thailand.
The Republic of Indonesia is home to 240 million people, the fourth most populous country in the world. Continuing its strong economic growth at an annual rate of 6%, Indonesia is the largest economic country in the ASEAN region. It is expected that due to the progress of the motorization caused by the rise in the income level, the country will become a large production base for automobiles in the future, along with Thailand.
Emix is actively expanding its CMB business on a global basis. In China, the company decided to relocate its production base in Tianjin, and is now advancing construction of the new plant scheduled to commence an operation in the spring of 2013. The company strives to improve its production and provision systems comprising of the new plant, as well as its plants in Foshan and Fuzhou.
The production base to be newly built in Indonesia, along with that in Thailand, will enable us to increase our production and provision capacities in the ASEAN region. By so doing, Emix will steadily implement our strategy for the development of the CMB business with our focus on overseas markets.