JAPAN'S YUSHIRO TO BUILD 3RD CHINA FACTORY FOR METALWORKING OIL
Thursday, November 01, 2007; Posted: 12:44 AM

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-- Yushiro Chemical Industry Co. (TSE:5013) will build a third factory in China for metalworking oils in 2009, boosting its production capacity there for oils used in cutting and grinding by 25 per cent to 25,000 tons a year.

Yushiro Chemical is currently selecting a site in Guangzhou and expects to begin construction soon, spending roughly 350 million yen (US$3 million) for a factory that can make 5,000 tons of the oils a year for supply to Japanese-affiliated automakers and other companies in the region.

Yushiro Chemical is a leading maker of these oils, with 30 per cent of Japan's overall domestic market and 60 per cent of the auto-related market. As Japanese automakers move overseas, the company has also expanded its overseas presence.

(Nikkei)

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