Japanese chemical firm sets up new venture (hktdc.com)


	Managing Director of Prime Polymer Asia, Takashi Hayashi (left) with InvestHK's Mark Michelson

Prime Polymer Co., Ltd., the largest polyolefin producer in Japan, has established an operation in Hong Kong to tap the growing demand in the Chinese mainland and Asia.

As part of the company's worldwide development plan, it has set up a wholly owned sales company in Hong Kong, Prime Polymer Asia Co., Ltd., targeting sales and conducting marketing activities in China and the rest of the region.

Managing Director of Prime Polymer Asia, Takashi Hayashi, said: "We choose to open in Hong Kong because this is the best place in many aspects, such as the excellent accessibility to the mainland and other Asian countries. The information we gather in Hong Kong is vital to conduct our business. Also, the high quality workforce in Hong Kong played an important role in our decision to set up a base here."

The Associate Director-General of Investment Promotion at Invest Hong Kong, Mark Michelson, said that the differentiated market in the region will provide a tremendous opportunity for Prime Polymer.

Headquartered in Tokyo, Prime Polymer Co. Ltd. was established in 2005 as part of a comprehensive tie-up linking Japanese leading chemical company, Mitsui Chemicals, Inc. and Japanese leading Oil refinery, Idemitsu Kosan Co., Ltd. to further expand the polyolefin business globally.