Plastic Additives Plant in the United States Completed
2000.10.3

On October 3, 2000, Amfine Chemical Corporation, one of our subsidiaries in the United States, carried out the ceremony for the completion of a new manufacturing plant of plastic additives in the State of Kentucky with the attendance of around 120 people including Mr. Iwashita (Chairman & CEO of Asahi Denka Kogyo), Mr. Sone (Managing Director of Mitsubishi Corporation), and other people concerned with the company, and the guests from the state government, local bodies, financial institutions and customers in the United States.

Amfine Chemical was established in March 1996 for the marketing and manufacture of Asahi Denka's plastic additives, with a joint investment of Asahi Denka (60%), Mitsubishi Corporation (30%) and Mitsubishi International (10%). It has since been actively striving for market development and increasing its sales in the U. S. market at a favorable pace. The new plant completed this time will be a production base for a full-fledged development and further expansion of our plastic additives business in the U.S. market.

Overview of Amfine Chemical Corporation
1. Company name: AMFINE CHEMICAL CORPORATION
2. Location:
Headquarters: New Jersey
Plant: Hopkinsville, Kentucky

3. Paid-in capital: 7,500,000 US dollars
4. Equity ratio: Asahi Denka 60%
Mitsubishi Corporation 30%
Mitsubishi International 10%
5. President: Kunio Nakamura
6. Business: Manufacture and sale of additives for plastics

Outline of the plant
1. Manufacturing capacity at the first stage:
Additives 1,200 ton/year
Stabilizers(Powder) 500 ton/year
2. Total investment: 3,000 million yen
3. Site area: 172,000 square meters
4. Number of employees: 31 (the plant)
5. Date of completion: October 3, 2000

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