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| Mr. Tatsuo Kano |
Mr. Katsuhiko Ichino |
A chemical trading firm, Nagase and Co., Ltd.(President: Mr. Hiroshi Nagase)
and OG Corporation (President: Mr. Hiroyuki Takino) will establish a new joint
company "ON Co-Labo Corporation" in Osaka to integrate sales and distribution
businesses in China for textile finishing materials such as dyestuff, auxiliaries
and chemicals(hereinafter called textile-related businesses). The date of foundation
is November 1, 2007. Mr. Tatsuo Kano (OG Corporation) will be installed as president
of the new company and Mr. Katsuhiko Ichino (Nagase and Co., Ltd.) as vice president.
Shanghai subsidiaries of both companies shall operate jointly under the
new company.
The new company "ON Co-Labo Corporation" will integrate all textile-related
businesses of both companies in China, and they will share the local functions
of the Nagase-owned, locally affiliated company "NCC Shanghai Techno Center
Co., Ltd" in Shanghai and OG Corporation-owned "Shanghai OG T&D
Techno Co., Ltd." by transforming them in to subsidiaries of the new company
to expand textile-related business in China
▽General outline of new company
| Corporate name |
ON Co-Labo Corporation |
| Main areas of business |
Sales and consulting for dyestuffs, pigments, textile
finishing agents, functional processing agents, chemicals, petrochemicals and
textile products. |
| Head Office |
Located in OG Corporation : 4-1-43, Miyahara, Yodogawa-ku, Osaka |
| Investors |
Nagase and Co., Ltd. / OG Corporation （50％：50％） |
| Capital |
70,000,000yen (capital reserve 70,000,000yen) |
| Date of funding |
November 1(Thu.), 2007 |
| Representatives |
President: Mr. Tatsuo Kano(OG Corporation)Vice
President: Mr.
Katsuhiko Ichino (Nagase and Co., Ltd.) |
| Number of employees |
14 |
| Sales |
Fiscal 2007：2,200m yen
Fiscal 2013：aiming for 5,000m
yen |
| Sales including local activities of both companies |
Fiscal 2007 ：4,600m yen
Fiscal 2013 ：aiming for
10,000m yen |
Nagase and OG Corporation have been expanding their businesses in rapidly-growing
China, based on long-accumulated know-how for dyeing and textile finishing
as one of the leading trading firms for textile dyestuff in Japan (Nagase:
No.1, OG :No.2).
Because Nagase has been promoting a Japanese-run company as a distribution
business and OG Corporation has been promoting a to locally-run company
as a manufacturing business in China, both companies agreed on the establishment
of a new company to integrate their textile-related businesses in China, aiming
to expand their businesses by each taking full advantage of the other’s
expertise through incorporation.
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