March,26,2012

Idemitsu Kosan Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Kazuhisa Nakano) hereby announces that its wholly owned subsidiary, Idemitsu Lube (China) Co., Ltd. will open a sales office in Changchun, China, on April 1, 2012.

Founded in 2003 as a supply base for lubricants in China, Idemitsu Lube (China) Co., Ltd. is an important base for Idemitsu's lubricants business overseas, continuing production and sales of various oils for automobiles and industrial lubricants in China through its three-bases system consisting of the Tianjin Headquarters and Plant, Shanghai Branch Office and Guangzhou Branch Office.
Recently, Idemitsu Lube (China) Co., Ltd. decided to establish an office in Changchun City, China in order to strengthen the customer support system and sales and marketing capacity in northeastern China.

China boasts the largest number of automobile sales in the world and has growing needs for highly value-added products, including fuel-efficient engine oils, automatic transmission oils and high-performance industrial oils. Changchun is a headquarters of First Automobile Works Group, one of the Chinese four largest automakers, and the base for the automobile industry in northeastern China to which a number of Japanese auto-related companies have also expanded. Along with future expansion in the production and sales of automobiles, the demand for lubricants and growth of their sales are expected to expand. Idemitsu Lube (China) Co., Ltd. plans to enforce the sales system with the establishment of Changchun Office and sell 4,000 KL of lubricants in Changchun and northeastern China in 2012.

Idemitsu Kosan sold about 370,000 KL of lubricants having the same product quality throughout the world to more than 40 overseas countries during 2011. The Company will strive to establish solid production and sales systems to correspond to customer's needs in the future and to reinforce and expand the business as one of the global manufacturers of lubricants by targeting not only growing markets consisting mainly of newly developing countries but also the whole world as its business field.

Overview of Idemitsu Lube (China) Co., Ltd. Changchun Office
(1)Name of Office Idemitsu Lube (China) Co., Ltd. Changchun Office
(2)Location Changchun, Jilin, People's Republic of China
(3)Date of opening April 1, 2012
(4)Number of employees 2 (Of which, one is an employee dispatched from Idemitsu Kosan)
(5)Office Manager Koichi Inada
For inquiries regarding this press release, please contact

PR Section IR&PR Office
Idemitsu Kosan, Co., Ltd.
Tel: +81-3-3213-3115

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This press release was issued by Idemitsu Kosan Co. Ltd. and was initially posted at http://www.idemitsu.com/company/news/2011/120326.html . It was distributed, unedited and unaltered, by noodls on 2012-03-26 08:10:09 AM. The issuer is solely responsible for the accuracy of the information contained therein.