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Trexel and Matsui form joint venture

By: Bill Bregar

September 27, 2013

WILMINGTON, MASS. — Trexel Inc., which provides MuCell microcellular foam molding technology, has created a joint venture in Tokyo with auxiliary equipment maker Matsui Mfg. Co. Ltd., to boost its presence in the Japanese market.

Hisashi Tsugawa is the president of Trexel Japan Co. Ltd. Tsugawa has more than 20 years of management experience in the Japanese injection molding industry. Most recently, he was general manager of Sato Light Industrial Co. and before than, he was in management at GE Plastics Japan.

Trexel is based in Wilmington.

Trexel President and CEO Steve Braig signed the agreement with Hironobu Matsui, president of Matsui Mfg.

“As a global leader of auxiliary equipment for the plastics industry and with extensive expertise in the Japanese marketplace, Matsui makes an ideal partner for this venture,” Braig said. “Japan is a very promising market for our technology.”

Matsui makes drying and conveying equipment.