Establishment of New Company in ChinaManufacture and Sales of "Long Glass Fiber Reinforced Thermoplastic Resin"

December 05, 2011

 JNC Corporation (head office: Chiyoda-ku, Tokyo, President: Michio Morita) established a new company in Changshu, Jiangsu, China for manufacturing and selling long glass fiber reinforced thermoplastic resin (product name: FUNCSTER) through a subsidiary company, JNC Polyfine Co., Ltd.

 FUNCSTER is made by charging rovings of glass fibers including thousands of filaments into an impregnation process and impregnating the glass fibers uniformly with molten polypropylene, and then cutting the resultant product ordinarily into a length of 10 millimeters to form pellets.
 FUNCSTER having features such as high rigidity and high impact resistance has been adopted mainly as a metal substitute for reducing the weight of automobiles, and exported from Japan so as to meet the needs of China or Asia so far. However, reinforcement of the supply system on site has been intensively required for meeting the rapid expansion in the Chinese markets.
 Our Company views the ever-expanding automobile industry parts field in China or Asia as strategically important markets, and will continue to actively develop business by building facilities and introducing the newest technologies or the like in response to the market expansion .

<Summary of new company>
 Corporate name          :JNC Polyfine Asia (Changshu) Co., Ltd.
 President                    :Takahiro Sugimoto
 Location                     :Yanjiang industrial zone,
                                      Changshu economic and technological
                                      development zone,
                                      Changshu, Jiangsu
 Investor                      :JNC Polyfine Co., Ltd., 100%
 Description of business   :Manufacture and sales of long glass fiber
                                        reinforced thermoplastic resin
 Production capacity     :7,000 t/y
 Commercial operation  :September, 2012 (planned)
 Registered capital       :Five (5) million US dollars
 Establishment            :November, 2011
    

<Bases of FUNCSTER in our Company>
 JNC Polyfine Co., Ltd.    Ichihara, Chiba, Japan    Production capacity 15,000 t/y
 Comusa LLC    Covington, Georgia, USA   Production capacity 10,000 t/y

FUNCSTER