Nitto Denko acquires Turkey’s No.1 tape maker Bento

   

Achieving the local-optimal business setup in emerging markets

18 April 2012

Japan's leading diversified materials manufacturer Nitto Denko Corporation announced today that it has reached an agreement to acquire Bento Bantçılık ve Temizlik Maddeleri San.Tic. together with its sales subsidiary Bento Pazarlama ve Ticaret (“Bento”), Turkey’s leading manufacturer of industrial and hygienic tapes.  With Bento joining its global network, Nitto Denko aims to increase within 5 years by 2.5 times its sales from tape business in Europe and other neighboring regions under its European operation by boosting the business there, centered on the emerging economies such as Turkey, Eastern Europe, Middle East and North Africa.

In today's global economy, the bullish emerging markets are becoming increasingly important.  Nitto Denko targets to achieve leading market share in multiple world regions, especially in the emerging economies, with niche products as part of its “Area Niche Top®” strategy.  The company also continues to pursue its unique Global Niche Top® strategy, which aims to achieve the World’s top share in niche, globally-integrated markets.

Two years ago, Nitto Denko has set up its first Turkish subsidiary Nitto Denko Turkey Bant Materyalleri San. ve Tic., which conducts material processing and sales of tape products, in order to serve the tape product needs in bullish automotive and household appliances sectors.  In the meantime, Nitto Denko has been exploring acquisition possibilities of strong tape manufacturers in the Turkish market, which may potentially strengthen its competitive position in aforesaid segments by localizing its cost effective operations and achieving an optimal supply chain.

Fully leveraging Bento’s top tier production capabilities in Turkey, Nitto Denko will further enhance its cost competitiveness and speedy customer service, which will lead the company to boost its tape business in Europe as well as in emerging markets such as Middle East and North Africa. 

Bento’s extensive lineup of highly cost-effective tape products targeting the emerging markets is ideally suited to complement Nitto Denko’s existing one, which centers on tapes for developed economies.  Furthermore, as Bento is geographically located in the center of Europe, Middle East and North America, it is expected to serve as a key site for Nitto Denko’s European business operation targeting the emerging economies.

Bento was established in 2000 by the previous owners of Canbebe, one of Turkey’s leading manufacturers of baby diapers.  The company currently employs 250 persons and had consolidated 2011 sales of 135 million US dollars.

Nitto Denko, whose shares are traded on the Tokyo Stock Exchange is a global company founded in 1918, now active in a wide spectrum of business domains from electronics to environmental solutions and life sciences.  Building on its proprietary core technologies such as polymer synthesis, adhesion and coating, the company adds diverse functionality to sheets, films and other materials and offers to the global market about 13,500 species of high-value-added products including LCD optical films, automotive components, water treatment membranes and transdermal drug patches.  Nitto Denko had consolidated 2010 sales of USD 7.7 billion.  The company consists of 107 subsidiaries across the globe and employs over 33 thousand people.

Contact persons in Europe
Mr. Eric Pass – Director Corporate Planning & Communications
E-mail: eric_pass@nittoeur.com
Mobile phone: +32-476-808894

Mr. Johan Vanheusden – PR & Communications
E-mail: johan_vanheusden@nittoeur.com
Office phone: +32-89-360197

Address:
Nitto Europe NV
Eikelaarstraat 22
3600 Genk
Belgium

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