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Announcing of the Establishment of "PLALOC ASIA THAILAND CO., LTD."

June,7,2013
In January 2013, Idemitsu Unitech Co., Ltd. established PLALOC ASIA THAILAND CO., LTD. as a local subsidiary. With this initiative, Idemitsu Unitech Co., Ltd. is taking a step toward production of PLALOC™ , a multi-functional zipper product, in Thailand.
PLALOC™, a high-quality zipper developed by Idemitsu Unitech in 1986, features two advantages: the customers can choose the PLALOC™ zipper with the optimal material for the desired packaging, resulting in a customized zipper, and the zipper can be added during package production or even afterward, which marks an industry first. Idemitsu Unitech has captured the largest share of the Japanese market and is now ranked third in the global market. The world zipper market is expected to increase sales by 10 percent, with the Asian market alone expected to increase by 15 to 20 percent. In order to grow our market share and increase our sales volume in the rapidly-growing Southeast Asian market, we established a local subsidiary in Thailand in January 2013 with plans to construct a factory. This factory is expected to reach full-scale operation in November 2013.

The outline of PLALOC ASIA THAILAND CO., LTD.

Company name

PLALOC ASIA THAILAND CO., LTD.

Location Amata Nakorn Industrial Estate Phase 8
700/736 Moo 1, Tambol Phanthong, Amphur Phanthong,
Chonburi, Province 20160, Thailand
Date of establishment January 10, 2013
Paid-in Capital 170 million Baht (Approx.442 million Yen)
Shareholder 100% owned by Idemitsu Unitech Co., Ltd.
President Manabu Ikeda
Number of Employees 35
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