May 15, 2014. /Lesprom Network/. Oshika Corporation (Tokyo), a major Japanese adhesive manufacturer for wood products, establishes joint venture company in Indonesia for marketing of adhesive. With this, Oshika will have adhesive manufacturing and marketing companies both in China and Indonesia. Oshika targets overseas sales of 3 billion yen ($30 million) in five years, ITTO reported.

Newly established company is Oshika Indonesia, which is joint venture with Indonesian adhesive manufacturer, P.T.Polychemie Asia Pacific Permai.

Oshika has 80% share and Polychemie has 20% share. Oshika established back in 1995 Poly-Oshika for manufacturing adhesive with 50/50 investment with Polychemie and it has been producing adhesives at its Bogor plant and the products are marketed through Polychemie.

Now newly established company will market the products not only in Indonesia but for other markets like Vietnam and Thailand. Indonesian market of adhesive is for laminated lumber and free board of rubber wood and merkusii pine.

Oshika established adhesive manufacturing company jointly with Chinese company in 2003 then to expand the market, it established adhesive marketing company in Dalien, China.