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February 10, 2009

Introduction of Products Presented in Collaboration with Okitsumo Incorporated at the India International Coating Show 2009

The India International Coating Show 2009 was held at Chennai in southern India from 6 to 8 February 2009. Iwatani Corporation exhibited our products at the show, as well as those from Okitsumo Incorporated, a manufacturer specializing in heat-resistant, non-stick, and other special paints. Iwatani Corporation and Iwatani Corporation (Thailand) Ltd. has a long history of selling heat-resistant paints manufactured by Okitsumo, mainly to motorcycle manufacturers associated with Japanese companies that have made inroads into the markets in South East Asian countries and India, including Honda, Yamaha, and Suzuki. In this trade show, our main purposes were to exhibit the aforementioned heat-resistant paints and to acquire new users of the non-stick paints applied to frying pans and other products. During the exhibition, which lasted three days, we were able to actively exchange information with representatives from approximately 130 companies who came to visit our booth, in cooperation with Iwatani Corporation (Thailand) Ltd. Since the market for frying pans with non-stick paints in India is still relatively very new, it is expected that demand for such products will grow as personal income levels in India increase in the future.