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Tanabe Seiyaku to Establish New Production Company in October

March 28, 2005

Tanabe Seiyaku announced that the company has decided to establish a production company as of October 1. Tanabe will spin off its Onoda Plant located in Yamaguchi Prefecture into a separate company. To be capitalized at 100 million yen ($950,000), the new company will manufacture drugs for Tanabe as well as other pharmaceuticals. The name and representative of the new company are yet to be announced.

Japan Corporate News Network (http://www.japancorp.net/Article.Asp?Art_ID=9687)