Master Chemical Expands Southeast Asia Presence with New Philippines Office
Perrysburg, Ohio, June 25, 2008-Master Chemical Corporation is expanding
its presence in Southeast Asia with the opening of Master Chemical Fluid
Solutions Philippines, Inc., in Metro Manila.
"The Philippine economy is
one of
the newly industrialized emerging market economies of the world and is
the
fastest growing economy in Southeast Asia," said Chairman and CEO, Joe
H.
Wright. "This is a natural opportunity for us because of the proximity
of the
Philippines to other Southeast Asian countries like Thailand and
Malaysia,
where we already have a presence and are doing a lot of business," he
stated.
Master Chemical, known as the originator of coolant recycling, traces
its
history back more than half a century and has offices in North America,
Europe, and Asia. According to Mr. Wright, Master Chemical can help
impact
customer profitability by cutting costs with coolant management systems
and
recycling equipment; providing training to ensure cost reductions when
recycling systems are used; lowering waste-related expenditures through
recycling; reducing hauling and shipping charges; and lessening energy
usage
in metalworking and cleaning. "Managing coolants effectively and
proactively
can improve manufacturing processes and lower cost," said Mr. Wright.
Master Chemical Fluid Solutions Philippines, Inc. is located in
Muntinlupa City,
which is the southernmost city in Metro Manila and considered one of the
most progressive cities in the country. "There are many large
manufacturers
here, like NIDEC, Fujitsu, Texas Instruments, Panasonic, as well as car
manufacturers and other high tech firms," said District Sales Manager,
Dexter
Ancheta. "We have already been working with a Manila-based manufacturing
customer for the past year," he said. According to Mr. Ancheta, Master
Chemical Fluid Solutions Philippines, Inc. is planning to add warehouse
space
to serve prospective customers' needs in the near future. The
Philippines has
a good work force, a good reputation and a growing economy of industry
that
can use Master Chemical's help," he stated. "We are very optimistic
about
the potential for growth here," he concluded.
For Master Chemical Fluid
Solutions Philippines, Inc. contact information, visit
http://www.2trim.us/2008-06-25t.php.
About Master Chemical Corporation
Master Chemical Corporation was founded on November 13, 1951. Since
then,
working closely with the worldwide metalworking community, Master
Chemical
Corporation has developed and marketed a full line of specialty cutting
and
grinding fluids, cutting oils, concentrated washing and cleaning
compounds,
and rust preventives all under the TRIM(r) Brand trademark. These
products
are both environmentally sound and when used in conjunction with Master
Chemical's XYBEX(r) Coolant Recycling and Filtration Systems, are the
most
durable and stable products available anywhere today. Master Chemical
has
always been committed to the safety of the people who use our products,
the protection of our planet and the environment we live in, and the
overall
impact on our customers' profitability. Master Chemical serves customers
globally.
For further information please contact a local Distributor
near you
(http://www.2trim.us/distributors.php), call us at 419-874-7902, or
visit our
website at www.masterchemical.com.
