German Subsidiary Operating Poly-Olefin Foam Business Changes The Company Name

Date: 23 June 2010
Source: Sekisui Chemical Co.,Ltd
Sekisui Chemical Co.,Ltd (President, Mr. Naofumi Negishi, hereafter called in "Sekisui Chemical"), High Performance Plastics Company (Company president, Mr.

Takayoshi Matsunaga), is operating foam business on a global basis mainly by Cross-linked Poly-Olefin foam which is used as a material for heat insulation, cushioning sealing and so on.
Please be informed that the company name of German subsidiary "Polymer-Tec G.m.b.H.", operating Non Cross-linked Poly-Olefin foam business will be changed to "Sekisui Alveo BS G.m.b.H." as of 1st of July, 2010.
 
The outline of company:
1) Company name : Sekisui Alveo BS G.m.b.H. (from the 1st of July)
2) The contents of Business : manufacturing and Sales of Non Cross-linked Poly-Olefin foam
3) Location : Haystrasse 14-20 D-55566 Bad Sobernheim, Germany
4) Managing Director : Dirk Kropp
5) Established in 1980.
6) Capital : 64.000 Euro (about 7 million yen)
*100% owned by Sekisui Alveo A.G. which is 100% subsidiary of Sekisui Chemical
7) Completion of M&A ; 31st of December, 2009 in European time.
8) Employees : about 70 people
9) Sales turnover : about 16.3 million euro (about 18 billion yen)
*112 yen/euro as exchange rate
 
References:
Glossary
1) Cross-linking
Binding molecular each other makes the material increase in strength.
2) Cross-linked Poly-Olefin foam
Foamed Product after making Poly-Olefin resin Cross-linking by irradiator or chemical reaction. Cross-linking adds the following functions such as heat resistance, high tear strength, weathering resistance and so on.
3) Non Cross-linked Poly-Olefin foam
High productivity compared with Cross-linked Poly-Olefin foam. Main application is for packaging, cushioning and so on.

600450 German Subsidiary Operating Poly-Olefin Foam Business Changes The Company Name glassonweb.com
Date: 23 June 2010
Source: Sekisui Chemical Co.,Ltd

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