Japanese waste processing company Tsuneishi Kamtecs sees its planned expansion to other Asian markets such as Bangladesh, Vietnam and Thailand as a jump on the competition, even as waste processing demand increases with Asia’s emerging markets. The economic growth in Asia’s latent markets has allowed the Japanese company to target around 2.5 billion yen (around US$23.8 million) in overseas sales by 2016, a 10-fold jump in their profits from the current fiscal year.
In Bangladesh, Tsuneishi Kamtecs has already sealed a venture deal with a local consulting company. There is potential here to process steel waste and byproducts into materials for cement. The company also established an office in Ho Chi Minh City, Vietnam, in June 2012. The company is partnering with Kobelco Eco-Solutions for a possible commercialization of waste processing operations in the Southeast Asian country. The Japanese company also made headway into the Thai market, establishing an office in the country in April 2013. Since then it has sealed contracts for factory wastewater processing from Toyota and other Japanese companies operating there. The company’s next targets are Myanmar and Laos.
Tsuneishi Kamtecs is part of Tsuneishi Holdings, based in Hiroshima Prefecture, primarily a shipbuilding and maritime transport company but is now branching out into new ventures. In 2013, Tsuneishi Kamtecs and another Japanese industrial waste processing company Takeei formed an alliance to consolidate and reorganize sales bases as well as to mutually use facilities. With all these expansion efforts in the pipeline, Tsuneishi Kamtecs will be able to target 15 billion yen in group sales for the year ending December 2016, which if it pans out, will make for a very profitable industry in waste processing.