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Introducing ESPEC EUROPE GmbH<br />

Topic<br />

Introducing ESPEC EUROPE GmbH<br />

Masago Iwashima, Espec Europe GmbH<br />

1<br />

Introduction - A letter from Yoshinobu Matsumura, Managing Director -<br />

Photo 1 Yoshinobu Matsumura, Managing Director, Espec Europe GmbH<br />

Greetings,<br />

I am Yoshinobu Matsumura, Managing Director, Espec Europe GmbH. I would like to express<br />

my sincere appreciation for your continued patronage of Espec and our products.<br />

First, I would like to give a brief overview of how Espec has approached our dealings in the<br />

European market to this point. In 1988, Espec established a local corporation in Europe and<br />

began pursuing business development in Europe and in the old Soviet Union. Despite our efforts<br />

to expand into the Soviet market, shortly thereafter, as I’m sure you are well aware, the Soviet<br />

Union collapsed. Being considerably affected by that collapse, our temporary withdrawal<br />

became unavoidable. However, within the scope of our global development, the European<br />

market holds substantial promise, and we foresee tremendous improvement in the Russian<br />

market as well, leading to our renewed efforts to take up this challenge once more after a<br />

15-year hiatus.<br />

In August 2004, we stationed representatives at an office we established in Frankfurt. In 2005,<br />

we moved our location to Munich, where our organizational framework evolved to a branch<br />

office. While a number of significant challenges remain, we are indebted to your patronage that<br />

has contributed to our favorable business results. In addition, from October 1, 2006, our new<br />

line-up is available. We have also established the new Espec Europe GmbH, which is operating<br />

in Munich. Based on the management philosophy of the Espec Group, we are striving to achieve<br />

a “corporation of global excellence” to develop a global business that is based on a management<br />

framework of transparency and respect for the laws and that meets the expectations of our<br />

global customers.<br />

As a European marketing company, our primary theme is to improve the satisfaction rate of our<br />

valued customers. Based on the structure of our local operational framework and our global<br />

network in each country, we are striving to make our support framework even better for each<br />

valued customer in the EU and Russia.<br />

We are indebted to you all for your continued patronage of Espec and our products.<br />

Yoshinobu Matsumura, Managing Director, Espec Europe GmbH<br />

- 16 -<br />

Espec Technology Report No.23

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