Asahi Rubber to Establish New Subsidiary and Factory in China to Increase Industrial Rubber Product Sales.Tokyo, Japan, Nov 8, 2005 - (JCNN JCNN Japan Corporate News Network ) - Asahi Rubber has announced plans to construct an industrial rubber product manufacturing facility in Guangdong, China. The new facility, which is scheduled for commercial operation in April 2006, will manufacture -rings, CD rollers See Ground sea , and other industrial rubber products for Japanese manufacturers in China. Asahi Rubber established new subsidiary Asahi Rubber (H.K) in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , which is capitalized Capitalized Recorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures for items with useful lives longer than one year. at HK$3 million ($387,000). The new company will manage the factory and handle the sale of the rubber products the factory will produce. Asahi Rubber forecasts that the subsidiary will generate approximately 100 million yen ($862,000) in sales in fiscal 2006. The establishment of the subsidiary and the factory is expected to help the parent company ensure prompt supply and expand sales in China. Source: JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) http://www.japancorp.net Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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