Riken Technos, Mitsubishi Corp. to Establish Joint Venture in US.Tokyo, Japan, July 21, 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) ) - Riken Technos and Mitsubishi Corp. have announced the establishment of Riken Elastomers in Hopkinsville, Kentucky Hopkinsville is a city in Christian County, Kentucky, United States. The population was 30,089 at the 2000 census. It is the county seat of Christian CountyGR6. , in their efforts to respond to future demands for thermoplastic elastomer Thermoplastic elastomers (TPE), sometimes referred to as thermoplastic rubbers, are a class of copolymers or a physical mix of polymers (usually a plastic and a rubber) which consist of materials with both thermoplastic and elastomeric properties. compounds from Japanese auto manufacturers in the US. Capitalized at $10 million, the new venture will kick off operation in July 2007. The partners expect the new company to generate annual sales of 400 million yen ($3.4 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 2007 and 1.8 billion yen ($15.5 mil) in 2009. Riken Technos, Mitsubishi Corp. and Mitsubishi International will own 60%, 30% and 10%, respectively, of the new US venture. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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