Expansion of the Hot-Melt Adhesives and Lubricants Business through the Establishment of an Indian Subsidiary
First written in FY2017-Q3. 15 of 24 entries say "Advanced", first in FY2017. Latest entry: FY2024-Q3.
4 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「Revenue increased for both products: specialty lubricants benefited from higher volumes resulting from increased automobile production in India and Indonesia and product-price revisions, while hot-melt adhesives benefited from expanded sales in those markets.」
In Southeast and South Asia, including India, higher specialty lubricant volumes resulting from increased automobile production and expanded hot-melt adhesive sales contributed to higher revenue and profit in the region. - FY2024-Q2AdvancedAnnual report
「Revenue increased for both products: specialty lubricants benefited from higher volumes resulting from increased automobile production in India and Indonesia and higher selling prices, while hot-melt adhesives benefited from expanded sales in those markets.」
In India, higher specialty lubricant volumes accompanying increased automobile production and expanded hot-melt adhesive sales contributed to higher revenue in Southeast and South Asia. - FY2024-Q1AdvancedAnnual report
「Revenue increased for both products: specialty lubricants benefited from higher volumes resulting from increased automobile production and higher selling prices, while hot-melt adhesives benefited from expanded sales in India and Indonesia.」
Expanded hot-melt adhesive sales in Southeast and South Asia, including India, contributed to higher revenue, with sales in the region up 31.6% year on year. - FY2023AdvancedAnnual report
「Revenue from hot-melt adhesives increased due to higher volumes in India and Indonesia.」
Higher hot-melt adhesive volumes in South Asia, including India, contributed to higher revenue for the fiscal year, and sales expansion, including by the Indian subsidiary, is continuing. - FY2023-Q3AdvancedAnnual report
「Revenue from hot-melt adhesives increased due to higher volumes in India and Indonesia.」
Higher hot-melt adhesive volumes in India and Indonesia, including at the Indian subsidiary, contributed to higher revenue in Southeast and South Asia. Sales expansion in India is continuing. - FY2023-Q2AdvancedAnnual report
「Revenue from hot-melt adhesives increased due to higher volumes in India and Indonesia.」
Higher hot-melt adhesive volumes in Southeast and South Asia, including India, contributed to higher revenue in the region. Sales expansion by the Indian subsidiary is continuing. - FY2023-Q1AdvancedAnnual report
「Revenue from hot-melt adhesives increased due to higher shipments in India.」
At the Indian subsidiary, increased shipments of hot-melt adhesives contributed to higher revenue in the Southeast and South Asia segment. - FY2022AdvancedAnnual report
「The Indian subsidiary has also begun full-scale deliveries of hot-melt adhesives to manufacturers of hygiene products.」
Following the start of sales of locally produced products at the Indian plant, the company has progressed to the stage of full-scale deliveries of hot-melt adhesives to hygiene-product manufacturers. - FY2021-Q3RestatedAnnual report
「At the Indian subsidiary, whose plant was completed in July the year before last, we began selling locally produced products in January last year, but activities have been forced to stagnate by the spread of the novel coronavirus.」
The company has reaffirmed that activity at the Indian subsidiary has stagnated due to the spread of the novel coronavirus, even after sales of locally produced products began. - FY2021-Q2RestatedAnnual report
「At the Indian subsidiary, whose plant was completed in July last year, we began selling locally produced products in January this year, but activities have been forced to stagnate by the spread of the novel coronavirus.」
The company has reaffirmed that activity at the Indian subsidiary has stagnated due to the spread of the novel coronavirus, even after sales of locally produced products began. - FY2021-Q1AdvancedAnnual report
「At the Indian subsidiary, whose plant was completed in July last year, we began selling locally produced products in January this year, but activities have been forced to stagnate by the spread of the novel coronavirus.」
Following completion of the Indian plant, the company reached the specific stage of beginning sales of locally produced products in January 2020. However, local activities have stagnated due to the spread of the novel coronavirus. - FY2020AdvancedAnnual report
「In India, we have begun selling hot-melt adhesives and specialty lubricants through the local plant completed in July 2019, and aim to establish a business foundation at an early stage.」
The Indian plant has progressed from completion and commissioning to the stage of beginning sales of hot-melt adhesives and specialty lubricants and establishing a business foundation. - FY2020-Q3AdvancedAnnual report
「In this business environment, the Group will further expand sales of specialty lubricants and hot-melt adhesives in China and Southeast Asia, meet demand from automotive-parts and disposable-diaper manufacturers, and capture demand for hot-melt adhesives and specialty lubricants by operating a plant in India from July last year, where market expansion is expected due to its large population and high future growth.」
The Indian plant has progressed from construction and operational preparations through the previous fiscal year to actually commencing operations in July 2019 and capturing demand. - FY2020-Q2AdvancedAnnual report
「Construction of the hot-melt adhesive and lubricant production facilities at MORESCO HM&LUB INDIA PRIVATE LIMITED, which had been under consideration at the end of the previous consolidated fiscal year, was completed in June 2019.」
Construction of the hot-melt adhesive and lubricant production facilities at the Indian subsidiary was completed in June 2019. The filing also states that the company plans to commence operations at the Indian plant in July this year and capture demand. - FY2020-Q1SoftenedAnnual report
「In this business environment, the Group will further expand sales of specialty lubricants and hot-melt adhesives in China and Southeast Asia, meet demand from automotive-parts and disposable-diaper manufacturers, and operate a plant in India, where high growth is expected, to capture demand for hot-melt adhesives and specialty lubricants.」
The policy of operating the Indian plant and capturing demand remains unchanged, but this filing does not state the June 2019 operating target or post-completion capacity of 8,000t/year indicated in the previous fiscal year. - FY2019AdvancedAnnual report
「In India, we will expand sales of lubricants and hot-melt adhesives through the local subsidiary established in 2017, while proceeding with plant construction and targeting operations in June 2019. Hot-melt adhesive production equipment and lubricant production equipment: ¥1,400 million. Additional capacity upon completion: 8,000t/year.」
The Indian subsidiary has progressed from expanding sales to the plant-construction and commissioning-preparation stage, with operations targeted for June 2019 and planned post-completion capacity of 8,000t/year. - FY2019-Q3RestatedAnnual report
「In this business environment, the Group will meet demand from manufacturers of automotive parts, disposable diapers and other products by further expanding sales of lubricants and hot-melt adhesives in China and Southeast Asia, while also establishing a subsidiary in India, where high growth is expected, to develop demand for hot-melt adhesives and specialty lubricants.」
The company has reaffirmed its policy of developing demand for hot-melt adhesives and specialty lubricants through its Indian subsidiary. - FY2019-Q2RestatedAnnual report
「We will establish a subsidiary in India, where high growth is expected, and develop demand for hot-melt adhesives and specialty lubricants.」
The company has reaffirmed its policy of developing demand for hot-melt adhesives and specialty lubricants through its Indian subsidiary. - FY2019-Q1RestatedAnnual report
「In addition, we will establish a subsidiary in India, where high growth is expected, and develop demand for hot-melt adhesives and specialty lubricants.」
The company has reaffirmed its policy of developing demand for hot-melt adhesives and specialty lubricants through its Indian subsidiary. - FY2018-Q3RestatedAnnual report
「In addition, as our next overseas base, we are establishing a subsidiary in India, where economic growth is expected, and proceeding with preparations for the production and sale of lubricants and hot-melt adhesives.」
The company has reaffirmed its policy of using the Indian subsidiary as its next overseas base and proceeding with preparations for the production and sale of lubricants and hot-melt adhesives. - FY2018-Q2AdvancedAnnual report
「In addition, as our next overseas base, we are establishing a subsidiary in India, where economic growth is expected, and preparing for the production of lubricants and hot-melt adhesives.」
Following the establishment of the Indian subsidiary, the company has moved to the production-preparation stage for lubricants and hot-melt adhesives. - FY2018-Q1RestatedAnnual report
「In addition, we will establish a subsidiary in India, where high growth is expected, and develop demand for hot-melt adhesives and specialty lubricants.」
The company has reaffirmed its policy of developing demand for hot-melt adhesives and specialty lubricants through its Indian subsidiary. - FY2017AdvancedAnnual report
「The incorporation procedures for MORESCO HM&LUB INDIA PRIVATE LIMITED were completed on 23 February 2017. In India, we will expand lubricant sales through the newly established local subsidiary and begin considering the construction of a plant.」
The completion of the Indian subsidiary's incorporation procedures was confirmed, and the company has moved to the next stage of expanding lubricant sales and considering plant construction. - FY2017-Q3First statedAnnual report
「In addition, we will establish a subsidiary in India, where high growth is expected, and develop demand for hot-melt adhesives and specialty lubricants.」
The company first indicated its policy of establishing a manufacturing and sales base for hot-melt adhesives and lubricants in anticipation of growing demand in the Indian market. Among significant subsequent events, it resolved to establish a subsidiary in Gujarat, India, with the planned incorporation date set for January 2017, capital of approximately INR 180,000,000, and an ownership ratio of 90% for the company and 10% for MORESCO (Thailand) Co., Ltd.