Press release
- TBM
Established TBM VN Co., Ltd., the first local subsidiary in Southeast Asia, in Vietnam to strengthen global expansion.
-Strengthening LIMEX production system in cooperation with manufacturing partners in Southeast Asia-
TBM Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director and CEO: Nobuyoshi Yamasaki; hereinafter referred to as TBM) is pleased to announce that it has established a local subsidiary, TBM VN Co., Ltd., in Hanoi, Socialist Republic of Vietnam (hereinafter referred to as Vietnam). TBM VN Co., Ltd. is TBM's first local subsidiary in Southeast Asia.
LIMEX, a plastic and paper substitute, is made primarily from limestone, which has a low risk of depletion and whose supply and price are not easily affected by economic factors. This makes it possible to reduce the amount of petroleum-based plastics plastics petroleum-based plastics Furthermore, LIMEX Pellet can be produced using existing plastic manufacturing facilities, and plastic alternative products using LIMEX Pellet can be manufactured using existing facilities that process plastic products. Currently, LIMEX Pellet is produced and commercialized not only at our own domestic factories (Shiroishi City, Tagajo Prefecture) but also at partner factories both in Japan and overseas.
With the establishment of this local subsidiary, we will strengthen our price competitiveness and production system through collaboration with local manufacturing partners, and promote the global expansion of LIMEX by expanding sales channels to molding manufacturers in Vietnam.
Background
Globally, environmental problems such as climate change, resource depletion, and water resource crises are rapidly progressing, making it essential for companies, as well as governments, to take action. In particular, each country has its own regulations regarding plastics, and 127 countries worldwide, including Japan, have banned or restricted the use of plastic bags.
In recent years, Vietnam's plastics industry has grown remarkably, producing about 8.8 million tons of products annually in 2019, accounting for 6.7% 2 of Vietnam's GDP. On the other hand, the Vietnamese government has adopted a policy of discontinuing the use of single-use plastic products. was passed. In addition, at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) held in the United Kingdom, we announced that we will aim for net zero greenhouse gas emissions (carbon neutral) by 2050. .
1UNEP "Legal limits on single-use plastics and microplastics"
2 THE WORLD BANK "Market Study for Vietnam: Plastics Circularity Opportunities and Barriers"
Background of establishment of local subsidiary
Vietnam is rich in limestone, the main raw material of LIMEX, and has many raw material suppliers and compound manufacturers. The reasons for establishing TBM VN Co., Ltd., a local subsidiary, are as follows, while there is a demand for measures to deal with environmental problems related to plastics all over the world.
・We will strengthen quality control and production control for manufacturing partners that carry out OEM production of LIMEX Pellet by the technical staff of our local subsidiary, and promote the development of new manufacturing partners for further expansion of the production system.
・By having a local subsidiary handle the shipping of LIMEX Pellet made in Vietnam, which has been handled by the Japanese subsidiary, the supply chain will be more efficient and it will be possible to flexibly provide products that meet customer needs.
・We will strengthen sales of LIMEX Pellet by sales staff of local subsidiaries to domestic molding manufacturers in Vietnam that have provided plastic products to all over the world.