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July 08, 2011

Iwatani Establishes Iwatani India Pvt. Ltd.
A Base for Asian Strategy

Iwatani Corporation

 

Iwatani Corporation (Head office: Tokyo and Osaka, President: Akiji Makino, Paid-in-capital: 20 billion yen) established Iwatani India Pvt. Ltd. in Gurgaon near Delhi, India, celebrated its opening on July 7, 2011 and launching its business operations.

With a population of 1.2 billion, the GDP in India continues to grow by 7 to 9% annually and the Indian economy is expected to grow steadily in the future. Iwatani established its Delhi Liaison Office in April 2008 to carry out market studies. To promote its further business development in the Indian market, the company has now established an overseas affiliate there.

 

 

[Business overview/development]

Iwatani carries out a wide range of business on a global basis, focusing on gas and energy. In addition to the existing Southeast Asia region, the company aims to promote its business as a part of its Asian strategy by strengthening its sales foundation in the Indian market, where enormous demand is expected.

In particular, Iwatani will promote chemical, metal and resin businesses in the automobile and home appliance industries, using its experiences and knowhow obtained in China and Thailand. Iwatani is now handling mineral resources for semiconductor materials and will also make its effort to develop mineral resources extensively.

Development of industrial gas is also included in its future targets.

 

 

[Overview of new company]

1. Name of company: Iwatani India Pvt. Ltd.
2. Location: No. 144-145, Centrum Plaza, Golf Course Road, Gurgaon 122-001, Haryana, India
3. Chief Representative: Yusuke Kato (Current General Manager of Delhi Liaison Office)
4. Date of starting business: July 1, 2011
5. Capital: 45,000,000 rupees (81,000,000 yen), wholly owned by the Iwatani Group
6. Major products: Chemical goods, mineral resources and resin materials
7. Number of employees: 9
8. Fiscal term: End of March