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., Ltd. (Headquarters: Chiyoda-ku, Tokyo, CEO: Nobuyoshi Yamasaki, hereinafter referred to as TBM) established a local subsidiary, TBM VN Co., Ltd., in Hanoi, Socialist Republic of Vietnam (hereinafter referred to as Vietnam). )” was established. TBM VN Co., Ltd will be TBM's first local subsidiary in Southeast Asia.
LIMEX, a substitute material for plastics and paper, uses petroleum-based as its main raw material, which has a low depletion risk and is less likely to be affected by economic factors in petroleum-based of supply and price. Consumption and CO2 can be reduced. In addition, LIMEX Pellet can be produced with existing plastic manufacturing facilities, and plastic alternative products using LIMEX Pellet can be manufactured with existing facilities that mold and process plastic products. At the moment, we are producing and commercializing LIMEX Pellet not only at our domestic factories (Shiroishi City, Tagajo Prefecture), but also at affiliated factories in Japan and overseas.
With the establishment of this local subsidiary, we will strengthen our price competitiveness and production system through cooperation with local manufacturing partners, and promote the global expansion of LIMEX through the expansion of sales channels to molding manufacturers in Vietnam.
Background
Environmental problems such as climate change, resource depletion, and water resource crises are progressing rapidly around the world, and it is imperative that we respond to them not only at the national level but also at the corporate level. In particular, each country has its own regulations regarding plastics, and 127 countries1, 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.