Bando Belting de Mexico Begins Operations

Bando USA, Inc., a wholly-owned subsidiary of Bando Chemical Industries, Ltd., has opened a new company in Mexico City, Mexico for the sale of power transmission belt products. The new company, Bando Belting de Mexico, S.A. de C.V., began operations in October 2015.

Automotive production has significantly expanded in Mexico for markets in North, Central and South America, and the market for automotive power transmission belts is expected to grow. The new company will develop a local distribution network to offer timely provision of power transmission belts and related products to meet expected demand for our products.

< Overview of the new company >

1. Company name	: Bando Belting de Mexico, S.A. de C.V.
2. Representative	: Joseph David Laudadio
3. Place of business	: Mexico City, Mexico
4. Business	: Sale of power transmission belt products
5. Start of operations	: 2015
6. Capital	: US$240,000
7. Investment ratio	: Bando USA, Inc. 99.9%, Bando (Singapore) Pte. Ltd. 0.1%

The Bando Group continues its global business expansion, in line with our management plan, "Breakthroughs for the future."