Nippon Felt has more than 90 years experience as a manufacturer of felts for papermaking and industrial textile products. We celebrate our 100th anniversary in 2017. Since our founding in 1917, we have built trust based on our philosophy of customer first, quality first.
Felts for papermaking, which account for 80% of the Company's net sales, are used in the papermaking machines of paper mills and is an indispensable element in the production of paper. felts for papermaking are used to create newsprint, copy paper, tissue paper, and cardboard. Although it may not be obvious, our products help support society and people's lives.
As it relates to felts for papermaking and other products for papermaking, the domestic papermaking industry is reaching a status of maturity. However, by accurately ascertaining the needs of our customers and promoting the development of products that address environmental changes, we will continue to maintain our strong share of the domestic market.
At the same time, we project that markets in China and throughout Asia will continue to expand. We will apply our strong technology developed on the domestic market towards expansion into Asian markets. We will strengthen Group coordination and collaborate with subsidiaries in Taiwan and Shanghai in order to improve competitiveness.
Also, we are applying our accumulated know-how towards products for papermaking other than felt, including shoe press belts and forming fabrics as well as filters and other environment-related products.
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