JSP Corporation (Head office: Chiyoda-ku, Tokyo, President: Tomohiko Okubo) hereby announces that a consolidated subsidiary JSP International GmbH & Co.KG (Germany) made an investment in HAPP GmbH (Germany) on September 20, 2023 for the purpose of further expanding the injection business. An overview is as follows.
1. Reason for the investment
Our long-term vision "VISION2027" includes the goal of annual sales of 30 billion yen in new business sectors. As a first step to entering the injection business in Europe, 35% of the stock of GHEPI S.r.l. (Italy) was acquired in January 2022. By combining JSP's foaming technologies with new injection technologies and developing environmentally friendly products, such as lightweight or resource-saving products, JSP aims to build on the competitive technological advantage and generate more growth.
HAPP GmbH is equipped with highly automated and manpower-saving production lines, and has its own facilities for mold manufacturing, so it is expected to develop new foamed products with injection technologies.
Furthermore, by sharing technical expertise with GHEPI S.r.l., it is expected for HAPP GmbH to accelerate the development of products. For these reasons, JSP has decided to make this investment and has acquired 70% of the stock of the company.
2. Outline of HAPP GmbH
Company name
HAPP GmbH
Location
Ruppichteroth, North Rhine-Westphalia, Germany
Established
1964
Employees
52
Net sales
Approx. 11.0 million euros per year over the last three years
URL
https://www.happ-gmbh.de
－Inquiries－
Public and Investor Relations Department TEL: +81-3-6212-6306
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JSP Corporation published this content on 25 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 15:58:08 UTC.
JSP Corp is a Japan-based company mainly engaged in the manufacture and sale of plastic products with enhanced functionality and economic efficiency, mainly using foaming technology. The Company operates business through two business segments. The Extrusion segment is engaged in the manufacture and sale of polystyrene, polyethylene, polypropylene sheets, boards and others, using extrusion foam technology as its core. The Beads segment is engaged in the manufacture and sale of foamed polypropylene, foamed polyethylene, and foamed polystyrene products based on bead foaming technology. The Company also operates businesses related to the sale of general packaging materials.
JSP CORPORATION 
