Kaneka to Establish Two New Subsidiaries in Vietnam.Tokyo, Japan, Dec 1, 2005 - (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) ) - Kaneka announced on December 1 that it has decided to set up two subsidiaries in Vietnam by the end of December. To be 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 $900,000, KSS KSS Kearns-Sayre Syndrome KSS Komunistická Strana Slovenska (Slovak Communist Party, Slovakia) KSS Kelowna Secondary School (Kelowna, BC, Canada) KSS Kirby Super Star (SNES game) Vietnam Co., Ltd. will handle spices, herbs, and processed food materials for commercial use. Kaneka Pharma Vietnam Co., Ltd., which is to be capitalized at $2 million, will mainly produce catheters as the company's medical equipment arm. Kaneka plans to invest about 200 million yen ($1.7 mil An Internet address domain name for a military agency. See Internet address. (networking) mil - The top-level domain for entities affiliated with US armed forces. ) in KSS Vietnam and about 150 million yen ($1.2 mil) in Kaneka Pharma Vietnam. Both subsidiaries will be located in the Vietnam Singapore Industrial Park. Kaneka, which already has its Vietnamese chemicals subsidiary Vina Showa established in 2003, aims to leverage the establishment of the two new firms to expand its presence in Asia. Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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