Jul '13
The Indonesian subsidiary has been set up with a paid-in capital of US $500,000, with Toyobo Specialties Trading holding 99.8% and Toyobo Co., Ltd holding 0.2% ownership.
Toyobo Specialties Trading has thus far proposed the establishment of an operating system integrated down to finished products that makes use of its Indonesian production base to supply major apparel manufacturers that have entered overseas markets outside Japan.
Operations in Indonesia have been highly evaluated not only for their favorable cost aspects but also for quality control in weaving, dyeing, and sewing processes as well as the production of high-function products.
As a result of the establishment of this sales company in Indonesia, a portion of planning and sales functions will be shifted to that country, and this will achieve integration from the planning stage through quality control and sales.
Also, this will increase its capabilities for responding to its sales activities to the needs of Japanese apparel manufacturers with overseas sales operations and the requirements of overseas apparel manufacturers and, thereby, expand sales of Toyobo Specialties Trading.
Toyobo
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