Nippon Terpene Chemicals, established in 1919, has specialized in the devel- opment of monoterpenes and their derivatives to wide range of uses such as flavors and fragrances raw materials, solvents and chemicals used in the man- ufacturing of electronics devices. We are now expanding our business to include the custom synthesis of new products utilizing our know-how and man- ufacturing experience to provide high quality pharmaceutical intermediates and specialty chemicals. We are now building a new factory which will begin opera- tions in October, 2004.