Expanding Business in North American Label-Related MarketsThe LINTEC Group has leading shares of the Japanese market for adhesive paper and film for labels, its mainstay products. While continuing to cultivate the domestic market, we are also working to expand our operations overseas. The North American market, which accounts for around 25% of the global total, is attractive due to its ongoing stable growth, and we have been investing aggressively in this market. In December 2016, the LINTEC Group made a full-fledged entry into the market by acquiring MACTAC AMERICAS, LLC, which has the number-three share of the North American market. As MACTAC’s production capacity was unable to keep up with growing demand, in April 2021 we purchased DURAMARK PRODUCTS, INC. (merged with the MACTAC Group in December 2021), which boasts cutting-edge production equip-ment. In February 2022, we took over the business of a manu-facturer of adhesive paper and film for labels and established SPINNAKER PRESSURE SENSITIVE PRODUCTS LLC, which excels in high-mix, low-volume production, and brought it into the MACTAC Group. Through these moves, we believe we have secured supply capacity sufficient to meet our needs for the foreseeable future. We anticipate significant synergies, and we intend to ensure that the growth of the North American market will translate into profits in the future. We will also continue to focus on expanding the MACTAC Group’s products and technologies into countries outside the U.S. and expand-ing sales of LINTEC products in the North American market.Expanding Our Lineup of Environmentally Friendly ProductsDemand for environmentally friendly products is rising each year due to the increasingly serious impacts of global warm-ing and marine plastic pollution. The development and sales expansion of more environmentally friendly products will be an important theme for all businesses in the LINTEC Group; in the future, without such products it will be difficult to survive. Under these circumstances, we believe our specialty paper production technology will provide a great advantage in moves to reduce and eliminate the use of plastic. While plastic film is commonly used for its water resistance and transparency, we manufacture and sell paper that is tear-resistant, even when wet, as well as translucent paper. We are expanding our sales of products using paper instead of film and proposing specialty paper products as alternatives to film applications. We are also promoting the development and increased adop-tion of adhesives containing plant-derived biomass materials and thinner film substrates while promoting the use of recycled PET resin made from used PET bottles. For window film, which is applied to building and automobile windows to reduce heat from the sun and improve air-conditioning efficiency and energy savings, we aim to develop and expand sales of highly functional products. We are strengthening cooperation between U.S. companies MADICO, INC., our window film production base, and VDI, LLC, a manufacturer of functional film.Adhesive products for labels using water-resistant paper facestockPaper files using translucent paperAutomotive window film that keeps vehicle cabin temperatures from rising and improves air-conditioning efficiency19
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