Marubeni Takes Equity Stake in VTEC, Rear View Mirror Subassembly Components Manufacturer.Tokyo, Japan, Aug 1, 2006 - (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) ) - Marubeni and VTEC VTEC verocytotoxin producing Escherichia coli. Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ('VTEC') have announced that Marubeni America Corporation ('MAC') has acquired a 15% equity position in VTEC, an innovative plastics technology company known for its patented plastic automotive rear view mirror products, ubiquitous polymeric coatings and glazing products and other related patented technologies, in June, 2006. VTEC, privately held, has central operations Central Operations (CO) is a major command of the London Metropolitan Police that provides operational support to the rest of the service. It is commanded by Assistant Commissioner Tarique Ghaffur. in Coventry UK, and offices in Bergerac, France and Cambridge MA, and manufacturing plants in China and India. US operations are headquartered in Southfield MI. VTEC plans to manufacture more than 5 million plastic automotive rear view mirrors in 2007, replacing the conventional glass rear view mirror on vehicle. MAC, Marubeni's largest overseas subsidiary, is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with 7 additional locations and 22 subsidiary and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. in the U.S. MAC has access to the Marubeni network of over 130 Group offices and 555 associated companies worldwide. Marubeni Specialty Chemicals Inc. ('MSCI'), in White Plains, NY, a Marubeni Chemicals Division unit, has also engaged with VTEC to become an exclusive distributor of its plastic automotive rear view mirrors to Japanese automotive companies in North America, Europe and Asia. Tokyo-based Marubeni Plax Corporation, another Marubeni Chemicals Division unit, will also play a role in the distribution of VTEC products to Japanese automotive companies in Japan. "VTEC management made a commitment to the global adoption of its plastic automotive rear view mirror to replace glass mirrors on vehicles and its plastic glazing products to replace glass windows on vehicles and other applications in a value proposition that provides significant saving and economics in weight, vibration, fuel, safety, design advantage and much more. We decided that Marubeni would be a core part of that commitment," VTEC president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jeanne Housman said in an interview. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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