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Business

Rustproofing agent maker to open R&D sites in China, Thailand

TOKYO -- Nihon Parkerizing, a Japanese manufacturer of rustproofing agents, will set up research and development centers in China and Thailand by 2017 in hopes of better meeting the needs of overseas customers.

     In China, the company has operated an R&D center in Shanghai's Jiading district. But it will open a new location in the more southern Jinshan district in spring 2015 due to local environmental regulations and consider merging their operations in the future. For now, most operations at the Jiading site will be transferred to the new site, where Nihon Parkerizing will install state-of-the-art equipment to develop high-performance products at low cost. The company aims to win business from local companies in automotive and steel-related industries.

     In 2016 or 2017, Nihon Parkerizing will set up a technology development center in Thailand, where it has a production subsidiary. The site will serve as an R&D base for India and countries in the Association of Southeast Asian Nations, where importing and exporting is projected to pick up with the abolition of tariffs in 2018.

     The two new R&D centers are projected to cost more than 1 billion yen ($9.64 million) combined. The company's four existing research sites in Japan will focus on developing next-generation materials.

(Nikkei)

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