On March 29th, 2019, PNB-INSPiRE Ethical Fund 1 Limited Liability Partnership (“PIEF”) acquired the new stock of Microwave Chemical Co., Ltd. (“MWCC”) through third-party allotment. PIEF had completed the first investment on March 31st, 2017, therefore this is a follow on investment . After the investment by PIEF , MWCC shows continuous growth and achieved capital and business alliances with Mitsui Chemicals, Inc., Mitsui Metal Industries, Ltd., Futamura Chemical Co., Ltd., and Iwatani Corporation MWCC technology is broadly applied and creating innovations where heat is used. PIEF will continue to provide all necessary support for the ongoing growth of MWCC.  

About Microwave Chemical Co.,Ltd.

2-8 Yamadaoka, Suita-city, Osaka Iwao Yoshino, CEO Founded in August, 2007 Capital: 3,814 million JPY (including capital reserve) URL：http://www.mwcc.jp/  

Contact

Toshiki Shimizu PNB Inspire Partners Corporation +81.3.6892.1133