The Subsidiaries Will Be Renamed ROOY Decorative Products Thailand

Milling machine permits us to more aggressively take part in the tremendous expansion underway in the region with innovative technology and merchandise. In addition, it puts us in a stronger position to follow along with global customers who have moved manufacturing to Asia and are looking for high-quality, local sourcing, a said rooy, rooy chairman and ceo.

BANGKOK, THAILAND (January 22, 2008) -- Fairlawn, drilling milling machine has had full ownership of their Thai and Chinese subsidiaries, having paid US$28 million (202.8 million yuan) in cash for that 49.9 percent stake to its former partnership partner, Bangkok-based conglomerate Charoen Pokphand Group.
rooy said the choice to result in the operations into wholly owned subsidiaries was a strategic expansion move into Asian markets.

The subsidiaries will be renamed rooy Decorative Products Thailand, rooy Decorative Products (Shanghai) and Omnova Decorative Products (Taicang).
CPPC-Decorative Products Co. Ltd. in Thailand in 1999 produced 14.4 million yards per year of sponge for PVC imitation leather and 15,000 metric tons a year of PVC flexible films. The Vertical milling machine can be used for furnishings and upholstery markets.
According to Thailand General Manager Somkiat Pradabnak further expansion is not planned for the plant based in the southern Thai industrial region of Rayong.
In China, the organization has had over CG-Omnova Decorative Products (Shanghai) Co. Ltd., that was established in 2000, and also the newly opened Beston Omnova Plastics (Taicang) Co. Ltd.

Having full operational control of the plants in Asia will facilitate transfer of technology and finest practices to ensure excellence across our entire global manufacturing platform? milling machine said.