Release: March 6, 1997
NGK Insulators, Ltd. ("NGK", President: Masaharu Shibata, Head Office: Nagoya) and SIAM REFRACTORY INDUSTRY CO., LTD. ("SRIC", President:Marut Mangklabruks, Head Office: Bangkok, Thailand) reached an agreement to jointly establish a production company of processing apparatus for electro-ceramics in Thailand in March, 1997. SRIC is a subsidiary of SIAM CEMENT PUBLICCO., LTD. , which is the largest material manufacturer in ASEAN. The operation of the new company is scheduled to start in August, 1997. The new company's outline is as follows:
| Name : | SIAM NGK TECHNOCERA CO., LTD. |
|---|---|
| Establishment : | March, 1997 (under schedule) |
| Location : | THE SIAM CEMENT INDUSTRIAL LAND CO., LTD. 111 Moo 7 Nong Pla Kradi Road, Tambon Nong Pla Moh, Amphur Nong Khae, Saraburi Province 18140, Thailand |
| Capital : | 44 million baht (equivalent to 210 million yen) |
| Capital Ratio : | SRIC 66% NGK 34% |
| President : | Marut Mangklabruks President SIAM REFRACTORY INDUSTRY CO., LTD. |
| Directors : |
Hiroshi Shirakawa General Manager Industrial Heating Systems Dept. Ceramics Products Business Group NGK Insulators, Ltd. Katsuji Ishida Industrial Heating Systems Dept. Ceramics Products Business Group NGK Insulators, Ltd. Two(2) directors from SRIC |
| Products : | Mulite/Alumina made processing apparatus for electro-ceramics |
| Sales goal : | approx. 1 billion yen/year (as of 2004) Investment in plant: approx. 700 million yen (Plottage: 12,000 square mater Building Site: 5,300 square mater) |
| Employees : | approx. 70 (as of 2004) |
The market of the processing apparatus for electro-ceramics in South East Asia is expected to grow in the future according to the overseas expansion of the Japanese electronic component manufacturers and their demands for domestic production and supply.
NGK has investigated to engage in the early domestic production, in order to establish an unshakable position as a domestic manufacturer and maintain the market share in South East Asia.
On the other hand, SRIC, which is the largest refractory manufacturer in Thailand, has pursued to extend their business into the field of processing apparatus for electro-ceramics because many electronic component companies have already existed in Thailand.
NGK and SRIC made an technical license agreement on the SiC processing apparatus in May 1995 and they have agreed to establish the new joint venture to meet the market demands for the processing apparatus for the electro-ceramics.
The new company, which will manufacture not only the processing apparatus but also the other ceramics, will take an important role as the production center in ASEAN and other Asian markets.
| Capital : | 720 million yen |
|---|---|
| Employees : | 450 |
| Net Sales : | 4,800 million yen |
| Net Income : | 600 million yen (as of 1994) |
| Capital : | 5,800 million yen |
|---|---|
| Employees : | 6,000 |
| Net Sales : | 216 billion yen |
| Net Income : | 17 billion yen (as of 1994) |
