Through its various products and customized designs, MONOVATE Kogyo caters its services to a wide range of industries, including chemical and pharmaceutical.
Japanese firms find themselves at a crossroads of opportunity and transformation and the current macroeconomic environment presents a unique advantage for them to expand their global market shares. The depreciation of the Japanese yen, coupled with Japan's renowned reliability and advanced technology, has positioned the nation as an increasingly cost-effective option for international partners.
"Our products are big and bulky like tanks and there weren’t many overseas companies that considered us economically viable to purchase our products," says Masanori Oyama, President of MONOVATE. "However, now, with the depreciation of the yen, we are receiving many more inquiries from overseas."
Central to MONOVATE’s success is its commitment to customization and flexibility in catering to diverse industries. With a staggering 70%-80% of sales derived from custom-made products, the company thrives on continual innovation and adaptation to meet evolving customer needs.
"Our major products are custom-made on a daily basis," Mr. Oyama explains. "Realizing the vision of providing optimal solutions to our customers determines our quality."
As MONOVATE navigates various sectors, the pharmaceutical and chemical industries emerge as focal points for future growth. While the pharmaceutical sector remains a cornerstone of its business, the expansive potential of the chemical industry underscores a strategic shift towards niche applications and high-mix-low-volume production.
"The growth potential is not that big in the pharmaceutical industry," the president says. "The chemical industry, though, has a huge market size with plenty of room for expansion."
MONOVATE's unique electrode polishing technology, tailored to meet the stringent regulatory standards of both the pharmaceutical and semiconductor industries, positions the company as a trusted partner in ensuring product safety and efficacy.
Looking ahead, the company remains poised for international collaborations – including with a German powder transportation solution company – and expansion into emerging technologies such as 3D printing and metal printing. With a steadfast commitment to innovation and customer-centric solutions, Mr. Oyama envisions a future where MONOVATE continues to drive the evolution of its customers and industries alike.
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