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Our chemicals business is committed to further expanding its business domains by applying our extensive expertise and intellectual property. In particular, we will invest management resources primarily in environmentally friendly product and technology fields with good potential for growth, such as bipolar plates for fuel cells and Carbodilite, a high-performance resin additive.
In Japan, a subsidy program launched in 2009 created a market for household fuel cells. Development of automotive fuel cells is also gaining momentum, with a view to launching sales to the general public in the near future. We are thus currently working to reduce the cost of our bipolar plates, in anticipation of the full-scale adoption of fuel cells.
Our high-performance resin additive Carbodilite is also an essential element in the manufacture of a wide range of environmentally friendly products, including a type of bioplastic called polylactic acid resin; water-based paints and inks; and halogen- and lead-free adhesives for electronic components. The applications for Carbodilite are growing continually, in fields ranging from cars to home appliances. We remain committed to offering the next-generation chemical products needed by society, focusing on developing unique new technologies, and improving the functionality and performance of existing products, while advancing our production and sales system globally.