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    8088   JP3151600008

IWATANI CORPORATION

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Delayed Japan Exchange  -  05/27 02:00:00 am EDT
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Establishing the Helium Center in Thailand: Strengthening Stable Supply Systems in Southeast Asia

10/07/2021 | 01:07am EDT

October 7, 2021

Establishing the Helium Center in Thailand:

Strengthening Stable Supply Systems in Southeast Asia

Iwatani Corporation (Thailand) Ltd. (president: Hironori Miura, registered capital: 210 million THB), a wholly owned subsidiary of the Iwatani Corporation (head offices: Osaka and Tokyo, president: Hiroshi Majima, paid-in capital: ¥35,000 million), is newly constructing the Bangkok Gas Center (in Samut Sakhon Province), which will open in November 2021. The center is the base for filling industrial gas, mainly helium, and is the second helium base in Southeast Asia after the first base in Malaysia.

Expansion of the foundation of the industrial gas business and stable supply

We are attempting to expand the industrial gas business by newly establishing a supply base for industrial gas, mainly helium, while expanding the industrial gas market in Southeast Asia. In addition, the Helium Center will be the second helium base in Southeast Asia and will be used to strengthen stable supply systems in this area.

Since helium is used to cool MRI equipment and provides inert atmosphere applications in the semiconductor manufacturing processes and other applicable operations, the gas is essential for advanced industries. On the other hand, helium is scarce and can only be produced in limited places in the world. We are the only Asian company with the right to directly purchase the helium produced in Qatar, as well as the helium produced in the United States. We will make an effort to achieve a stable supply mainly for Japan and other countries in Asia and for the world in the future.

Name: Bangkok Gas Center

Management: Iwatani Corporation (Thailand) Ltd.

Location: Samutsakorn Industrial Estate 1/68 Moo 2, Tambol Thasai,

Amphur Muang, Samutsakorn, 74000

Area: 8,000 m2

Description: Filling and selling gas helium and liquefied helium

Disclaimer

Iwatani Corporation published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 05:06:04 UTC.


© Publicnow 2021
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Financials
Sales 2022 685 B 5 389 M 5 389 M
Net income 2022 29 450 M 232 M 232 M
Net Debt 2022 - - -
P/E ratio 2022 10,8x
Yield 2022 1,62%
Capitalization 302 B 2 376 M 2 376 M
Capi. / Sales 2022 0,44x
Capi. / Sales 2023 0,44x
Nbr of Employees 10 130
Free-Float 78,6%
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Number of Analysts 2
Last Close Price 5 250,00 JPY
Average target price 7 750,00 JPY
Spread / Average Target 47,6%
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Managers and Directors
Akiji Makino Chairman & Chief Executive Officer
Hiroshi Majima Executive President & Representative Director
Satoshi Watanabe Executive Officer
Naoki Iwatani Director, Head-Operations & Audit
Shinji Murai Independent Outside Director
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