TOKYO—Zeon Corp. and group company Zeon Asia Pte. Ltd. have jointly established Zeon India Private Ltd. in Gurgaon, in the Indian state of Haryana.
Scheduled to operations on Oct. 1, Zeon India will initially target the rubber-based automotive component applications. It is to expand the scope of business to other Zeon products, such as chemicals and specialty plastics.
“Zeon India was established in view of the importance of constructing and implementing a business strategy that is closely aligned with the needs of our customers in the expanding Indian market,” the Japanese firm said in a Sept. 28 news release.
“It is intended to provide an impetus for further business development by setting up a company for handling the entire range of the Zeon Group's businesses in India.”
The new company, to be led by managing director Hiroshi Mihara, will focus on the import, sales and marketing of Zeon synthetic rubber and other group products. It was formally established on July 21 with a paid-in capital of about $227,000.