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Name Itochu Corporation
Founded 1858
Incorporated 1949
Offices 150 in 74 countries
Sales ’09 JPY10,306.8 BIL
Profit ’09 JPY128.2 BIL
Common Stock JPY202.2 BIL
2
ITOCHU CORPORATION
TEXITILE
MACHINERY
AEROSPACE & MULTIMEDIA
ENERGY, METAL & MINERAL CHEMICAL, FOREST PRODUCTS & GENERAL
MERCHANDISE
FOOD
FINANCE, INSURANE & LOGISTICS
General Merchandise Dept.
Tire sectionNatural Rubber
Section
NEW BUSINESS DEVELPMENT
3 Copyright © 2010 ITOCHU Corporation. All Rights Reserved.
Overseas Offices : 136
Domestic Offices : 15
Group Companies : 413(Including overseas offices)
*As of March 31, 2010
Global Network
4Copyright © 2010 ITOCHU Corporation. All
Rights Reserved.
Forest Products & General Merchandise Logs, Lumber, Wood fiberboard, Imported
building materials, Wooden building materials,
Wood chips, Wood pulp, Recycled paper, Cotton
linter, Paper, Paperboard, Paper products,
Natural rubber, Tires, Footwear, Furniture, Glass, Cement,
Slag, Landscape materials, Refractory materials and
products, Natural gypsum, Biomass fuels (chips, pellets)
Chemicals Basic chemicals, Aromatics, Raw materials for
synthetic fibers, Organic chemicals, Agricultural
chemicals, Methanol, Ethanol, Solvents,
Specialty chemicals, Pharmaceuticals, Inorganic
chemicals, Chemical fertilizers, Raw materials for synthetic
resins, Vinyl chloride, Synthetic rubbers, Electronic materials,
Thermoplastic and thermosetting resins, Resin additives,
Packing materials
• Chemicals, Forest Products & General Merchandise Company
The Chemicals, Forest Products & General Merchandise Company develops business with a wide-
range of industries; from materials to finished products.
The Forest Products & General Merchandise Division, which has adopted “the home and living” as its
keywords, is actively engaged in all of the value chains by expanding its operations and trading
activities in such segments as building products & materials, pulp and paper, and rubber and tires.
The Chemicals Division also has an extensive product portfolio, ranging from various petrochemicals
to pharmaceutical products and electronic materials. This division conducts a global trading business
involving these items. The division is working to create a well-balanced portfolio through strategic
operational investments in China and Asia, as well as in Europe and the United States.
Our Business
Tire Section
U.K.
GMN
RUS
JPN USA
Dubai
CEE
(Branch)
(Branch)
YRUS
YRPZRUS
Scan Y/Scandinavia
KOR BSTK
TOKYO H/Q
Subsidiaries & Group
LLC
Natural Rubber
General Merchandise Dept.
TIRE MFG.
P.B.TIRE
BRANDTIRE
Consolidated sales(2010)Approx
US$ 2,500 Mil
Tire : US$ 1,500MilRubber : US$ 1,000Mil
ITOCHU Tire & Rubber Global Network
ITOCHU RUBBER GROUP HISTORY
7
1955 1988 1990 1996 1999
Start as Trader
@TokyoHandle 220,000mt
(4% of World Market)Invest Factory in
Thailand ,TRC
Invest Factory in
Indonesia, ABP
Invest Trading Company
Singapore, RNA
TraderTrader with
FactoryFactory
with Trader
(80%)
20041999
(26%) (45%)
Itochu
1996 2003
Prashida(51%)Itochu(49%)
Itochu
(100%)
1987
Private(100%)
1991
Itochu(33%), STA(33.5%), SLR(33.5%)
ITOCHU RUBBER GROUP
8
ITOCHUGeneral Merchandise Dept.
INDONESIA ABP
PT Aneka Bumi Pratama
1114 people, 2 factories
2 Purchasing offices
THAILAND TRC
Thaitech Rubber Corp.
944 people, 3factories
SINGAPORE RNA
Rubbernet Asia Pte Ltd.
10 people,1 office
Muara Bungo
Lubuk Linggau
PT. Aneka Bumi Pratama
1st Factory 1996~ @Palembang 7,000mt/mo
2nd Factory 2006~ @Jambi 7,000mt/mo
Products: SIR20, SIR10
100%
・1987~ Foundation by private capital
・1993~ Prasidha acquired 100% shares
・1996~ Itochu joint with Prasidha (49 : 51)・2003~ Itochu acquired 100% shares
9
ABP Production ( MT / Year )
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11(F)
JMB
PLG
10
Thaitech Rubber Corp. Ltd. 1990~
Southland
33.5%
Sri Trang
33.5%
ITOCHU CORP.
33%
Thaitech
• 1991~ 5,000mt/mo1st Factory @Hatyai
• 1996~ 5,000mt/mo2nd Factory @Trang
• 2006~ 5,000mt/mo3rd Factory @Pattani
TRC Production Volume(mt)
-
50,000
100,000
150,000
200,000
250,000
1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011(est)
Pattani(AG3)
Trang(AG2)
Hatyai(AG)
11
Southland
20%
ITOCHU CORP.
80%
RubberNet
NR Trading/Distributing Company
Inherit Function from Itochu Head Quarter
Top 5 Rubber Dealer in the World
Turnover Tonnage 230,000mt
RubberNet (Asia) Pte Ltd 2000~
SALES (MT)
0
50,000
100,000
150,000
200,000
250,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
12
RubberNet (Asia) Pte Ltd 2000~
Main business<Distributor>RNA’s main function is to act as a distributor in the market. It means that we are the sales representative of our group factories, “TRC” and “ABP”, a shareholder, “SLR”, and a partner “STA”.
The ratio of total purchase from our group reaches to over 90%, which means we secure our cargo from reliable suppliers. On the other hand, we sells these natural rubber to world top 10 major tire makers.
<Dealer/Trader>Another function is to act as a dealer/trader. We may hold own position balance based on our market view. Besides, we trade actively in futures market, TOCOM and SICOM, to create “Arbitrage Position” for maximizing our profit or to hedge our physical sales.
<Main customers>
13
Tire Market & ITOCHU Group Sales Breakdown
Tire MakersTotal Sales
US$ 126,500Mil
ABP Sales ‘10Total 130,000mt
TRC Sales ‘10Total 141,000mt
CHINA
64%
PIRELLI
20%
TOYO
7%
GY
4%
SMPT 1%KOREA 3%
TRC SALES '10
14
Natural Rubber Supply-Demand
'03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15
GAP 90 60 -160 370 -170 -60 -210 -140 -300 -70 -70 -50 10
・Emerging countries keep high rate for GDP growth.
・Emerging countries lead global car sales.
・Production growth for natural rubber is limited. Natural rubber is still tight in coming a few years.
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
500.00
550.00
600.00
92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 1115
Natural Rubber Price movements (1992 ~2011)
“ Sicom TSR 20 USC/kg ”
Commodity Boom
Thai Drought
China Buying
Economic Crisis
Lowest PriceUSC470/kgNov.2001
Lehman Shock