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JAPANESE CHEMICAL COMPANY OPENS LIAISON OFFICE IN MINNESOTA

 ST. PAUL, Minn., Sept. 13 /PRNewswire/ -- Nippon Fine Chemical Co. Ltd. (NFC) of Tokyo, makers of fine and specialty chemicals, has opened a liaison office in St. Paul to study the United States market for its organic chemicals.
 According to Lu Ann Sidney, NFC's U.S. representative, the United States has a strong growth market for specialty organic compounds. Specifically, NFC plans to introduce within the next year pentamethylcyclopentadiene (PMCP), an organic used in making metallocene catalysts, a new breakthrough component in polymer manufacturing. Sidney, working out of an office in Vadnais Heights, Minn., has been hired to do market research and identify potential customers. She credits Gov. Arne Carlson's trip to Asia last November as closing the deal on the Minnesota site.
 NFC had been looking for a U.S. location from which to study the potential market for its products and look for U.S. products that may be marketable in Japan. The opportunity to export U.S. products to Japan is increasing, partially due to the appreciation of the yen. The liaison office acts to introduce U.S. products and technology to Japan.
 At the suggestion of the Minnesota Trade Office, NFC's president, Reizo Asakawa, was invited to attend a reception for the governor. Asakawa came away from the meeting very impressed with Carlson and with Minnesota. "It was a matter of perfect timing and I have no doubt that the governor's presentation was key in my being hired by NFC," Sidney said.
 "Minnesota has a couple Fortune 500 companies and several companies in pockets around the state that are concentrating on chemical technology and manufacturing," according to George Crolick, executive director of the Minnesota Trade Office, a division of the Department of Trade and Economic Development. "It should come as no surprise that component manufacturers are looking at the area with an eye to future location."
 According to DTED figures, Minnesota's employment growth in the rubber and miscellaneous plastics and chemicals and allied products sectors increased 42 percent and 29 percent, respectively, between 1983 and 1990. Together, these industries employed about 27,000 in 1990. In comparison, the U.S. employment growth rates in these categories were 4 percent and 2.5 percent.
 -0- 9/13/93
 /CONTACT: Kathy Stone of Minnesota Trade Office, 612-297-1491, or Lu Ann Sidney of Nippon Fine Chemical, 612-483-4319/


CO: Minnesota Department of Trade and Economic Development; Nippon Fine
 Chemical Co. Ltd. ST: Minnesota IN: CHM SU:


DB-KH -- MN012 -- 1329 09/13/93 13:02 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
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