09/10/2007 - 15:12

Greencap looks for growth from Japan's asbestos ban

09/10/2007 - 15:12

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Perth-based small-medium enterprises investor Greencap Ltd subsidiary Noel Arnold & Associates has been appointed as a technical member to Japanese company Kyowa Exeo Corporation's new asbestos consulting consortium.

Perth-based small-medium enterprises investor Greencap Ltd subsidiary Noel Arnold & Associates has been appointed as a technical member to Japanese company Kyowa Exeo Corporation's new asbestos consulting consortium.

According to Greg Harradine, state manager of NAA's New South Wales operations, the Japanese government has only recently banned the import and use of asbestos, creating a larger potential market than exists in Australia where such bans have existed since the 1980s.

 

 

The full text of a Greencap announcement is pasted below

Melbourne 9 October 2007: Noel Arnold & Associates (NAA) announces a significant new initiative - that of entering the Japanese market to assist in managing the substantial asbestos issues in that country.

Mr Greg Harradine, state manager of the NAA NSW operations and officer responsible commented "it is only in the past few years, that changes in Japanese Legislation have banned asbestos from import and use, moving Japan closer to legislative requirements that have existed in most western countries (including Australia) for over 20 years.

This significant "lag" in Japanese legislation as well as continued widespread asbestos use over the past four decades means that the potential market for asbestos consulting services is substantially larger than in the Australian market, where bans were implemented in the mid 1980's."

Mr. Harradine added that "NAA was appointed, following a world wide search by major diversified engineering group, Kyowa Exeo Corporation to be the key technical member of their new asbestos consulting consortium "Asbestos Management International" (AMI)."

Kyowa Exeo Corporation was established as Kyowa Densetsu Kaisha, Ltd. in 1954 to provide electrical communication line construction works for Nippon Telegraph and Telephone Corporation's (NTT) system expansion.

It continues to be a major provider of engineering and construction services to NTT as well as telecommunications and environmental services to many other major Japanese corporations. Kyowa Exeo Corporation is listed on the Tokyo Stock Exchange with net assets of 91,136 million yen (AUD$865 million) and employs over 7,000 staff, refer http://www.exeo.co.jp for more information.

Mr. Harradine anticipates a significant demand from the Japanese market to drive further growth in the need for NAA's broad range of professional Asbestos Management consulting services.

"Our service delivery strategy will be to use NAA consultants to perform in-house train-the-trainer type regimes to avoid NAA having to mobilize substantial staff numbers into Japan. AMI will source staff in conjunction with Kyowa Exeo Corporation. Further value adding can also come from including the use of NAA's NATA-accredited laboratories for analysis of asbestos samples and the use of NAA's innovative web-based property and record management software (Rm3)."

NAA personnel have travelled to Japan a number of times with ongoing talks with Kyowa Exeo Corporation and the AMI consortium as well as meeting likely AMI clients and commenced the training program.

A number of prospects within Japan and Asia (notably China) have been identified during these visits and AMI is building a capable team to establish a long term involvement in the Japanese asbestos consulting market.

Mr Noel Arnold concluded that "the expansion into Japan has parallels with the establishment of NAA in Australia some 23 years ago where increased awareness of the risks of asbestos exposure created a large market for asbestos risk management consulting The Japanese market will similarly provide great opportunities and substantial growth in demand for such services. "

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