01/05/2011

www.gupta-verlag.de/thermoplastic-elastomers

Kuraray's Chinese subsidiary certified as 'Regional Headquarters of a Multinational Corporation'

Since establishing its Shanghai office in 2002, Kuraray has at a steady pace set up local subsidiaries in China. In the case of the fleet of companies that Kuraray has established there up until now, however, the businesses they could be involved in were limited, as Chinese law confining the business activities of an individual company to a single industry. The result was that the Group companies established in China were unable to grow together in an organic fashion. The Japanese company therefore established Kuraray China Co., Ltd. and acquired its certification as a Regional Headquarters of a Multinational Corporation from the Shanghai Municipal Government, which provides to certified companies with monetary subsidies and other special measures.The business activities of the new entity are indirect support for each Group company in China (financial, general affairs, legal, human resources, logistics and others), support of Group companies, including with regard to entry and business expansion in China, and fund management for the Kuraray Group as it relates to China (Group fund streamlining using entrusted loans).

www.gupta-verlag.de/thermoplastic-elastomers