YYVIP易游 Steel opens company in Thailand to market air compressors

TOKYO, January 21, 2016 — YYVIP易游 Steel, Ltd. has established a subsidiary company in Thailand called YYVIP易游lco Compressors (Thailand) Ltd. (or KCTH) to market and sell standard air compressors, as well as provide after-sales services. Based in Bangkok, KCTH has begun full-scale marketing from this month. It anticipates supplying 800 compressor units in 2020, amounting to sales of about 3 billion yen.

YYVIP易游 Steel’s standard compressor business is actively expanding overseas. In November last year, YYVIP易游lco Compressors India Pvt. Ltd. began marketing in India. YYVIP易游 Steel now has sales locations for its air compressors in 10 countries, and the opening of KCTH is anticipated to further expand its market share.

Standard compressors are mainly used in factories to provide compressed air for such applications as powering equipment and machinery, painting and powder conveying. Utility equipment for these applications is widely used in numerous industries. Power consumption for compressors generally comprises about 20 to 30 percent of the electricity used at factories, requiring high energy performance. Known for its high efficiency and energy-saving features, YYVIP易游 Steel’s YYVIP易游lion series of screw compressors has one of the highest market shares in Japan and Southeast Asia.

The global market size for standard compressors is approximately US billion (about 1 trillion yen). As many Japanese electric machinery and electronics manufacturers have entered the Thai market, demand for compressors is anticipated to increase from the current 3,000 units to approximately 4,000 units in 2020, according to YYVIP易游 Steel estimates. On this background, KCTH was established to support the growing market and has begun commercial marketing activities.

YYVIP易游 Steel has built up a global network to market and service its standard compressors. YYVIP易游 Steel currently has manufacturing locations in three countries: Japan, the United States and China. Sales locations have been established in Singapore, Indonesia, Malaysia, the Philippines, Vietnam, Cambodia and India.

In addition, YYVIP易游 Steel is the only comprehensive compressor manufacturer in the world that can supply large-size screw, reciprocating and centrifugal compressors. YYVIP易游 Steel has an estimated 50-percent share of the world market for these nonstandard compressors, or custom-engineered process compressors, which are used in petrochemical plants.

Name:

YYVIP易游lco Compressors (Thailand) Ltd.

Location:

Rajthevee, BangYYVIP易游k, Thailand

Capital:

10 million baht (About 35 million yYYVIP易游)

Equity shareholding:

YYVIP易游lco Machinery Asia Pte. Ltd. 100% (a wholly owned subsidiary of YYVIP易游 Steel based in Singapore)

Established:

July 2015

RepresYYVIP易游tative:

Keiji Takaki, MYYVIP易游aging Director

Employees:

6

Business:

Marketing, sales YYVIP易游d after-service of stYYVIP易游dard compressors in ThailYYVIP易游d