At present, Kaneka Corporation has a total of 23 overseas subsidiaries, some of which are situated in Belgium, the United States, Singapore, Malaysia, China, Taiwan, Australia, India and Vietnam, with total employees of over 8,600 staff worldwide.
Kaneka’s operations in Malaysia began with the establishment of Kaneka (Malaysia) Sdn. Bhd. in August 1995 in Gebeng Industrial Estate, Kuantan, Pahang, to manufacture impact modifiers and processing aids for the PVC products. Other companies were set-up later to manufacture different products such as expanded polyethylene and polypropylene pellets, beads and planks; DPVC & EPVC paste; synthetic fibers; polyimide film; graphite sheet and graphite sheet stickers. Kaneka group of companies in Malaysia is comprised of five companies as follows:
1.Kaneka (Malaysia) Sdn. Bhd [KM]
2.Kaneka Eperan Sdn. Bhd [KEP]
3.Kaneka Paste Polymers Sdn. Bhd [KPP]
4.Kaneka Innovative Fibers Sdn. Bhd [KIF]
5.Kaneka Apical Malaysia Sdn. Bhd [KAM]
Under the Kaneka Asian Shift policy, Kaneka Corporation is also in the midst of setting up more new businesses in Malaysia worth over RM1 billion such as MS Polymer, PHBH Bio-polymer and Modacrylic Fibers projects.
The decision to keep on investing in Malaysia is largely due to Malaysia’s economic strength with low unemployment rate and debt service ratio, supportive government policies through attractive tax incentives, well developed infrastructure, political stability, educated workforce and availability of other support facilities.