November 2, 2012
Bando Chemical Industries, Ltd.

　　　Start of New Company in Shanghai, China

   Bando subsidiary Bando Manufacturing (Shanghai) Co., Ltd. started a new company in Shanghai, primarily
intended to expand sales of light-duty conveyor belts and conveyor equipment at various factories in China,
particularly in the rapidly growing foods and distribution industries there.

＜Outline of the New Company＞
　　1. Company Name : 　　　Bando (Shanghai) Industrial Belt Co., Ltd.
　　2. Location : 　　　　　Rm. C, First Floor, Block 56, No. 199, Riying North Road,
                        　　Wai Gao Qiao Free Trade Zone, Pudong District,
                        　　Shanghai, China 200131
　　3. Chairman:          　Keiji Iwai
　　4. Capital:           　3 million yuan（about 38 million yen）
　　5. Ownership:         　Bando Manufacturing (Shanghai) Co., Ltd. (100%)
　　6. Type of business:    General endless fabrication of light-duty conveyor belts, including supplementary
　　　　　　　　　　　　　　fabrication
　　7. Number of employees: 16
　　8. Sales target:        300 million yen in 2016

Lightweight, Bando Sunline Belts, made from resin, are widely used in the foods and distribution markets

Building a fabrication system for these products will further enhance our business in China, and the new 
company will add to the Bando Group's manufacturing and sales network.