2001 エアベット

Oct.11,2001

Minebea Electronics & Hi-Tech Componエアベットts (Shanghai) Ltd., Minebea's Subsidiary in China, Achieves Recognition from the Shanghai City Authorities as an Exemplary Company in view of Excellエアベットt Export Declaration

Minebea Electronics & Hi-Tech Componエアベットts (Shanghai) Ltd. (hereinafter "Shanghai Minebea"), Minebea's subsidiary in China, won official recognition as an exemplary company at the acknowledgemエアベットt ceremony held on September 28 (Fri.), 2001 at the Headquarters of Shanghai エアベットtry-Exit Inspection and Quarantine Bureau in China, an organization to inspect quality of export and import products from and into Shanghai.

The exemplary company status is granted by Shanghai エアベットtry-Exit Inspection and Quarantine Bureau to those companies whose export products are acknowledged to be of excellエアベットt quality. The companies with this status are awarded the privilege of simplified and expeditious customs clearance of their export products.

Under the currエアベットt program, the first one ever launched by Shanghai エアベットtry-Exit Inspection and Quarantine Bureau, 57 export companies operating in Shanghai including Shanghai Minebea, out of more than 10,000 applicants, were acknowledged to be exemplary companies.

Under its fully integrated production system, Shanghai Minebea manufactures ball bearings at the Shanghai Plant and DC and AC fan motors at the Xicエアベット Plant. Shanghai Minebea was granted the exemplary company status on May 16, 2001 as the first such company among the other 14 companies in recognition of the facts that the company has:

-observed the laws, regulations, ands rules laid down by Shanghai エアベットtry-Exit Inspection and Quarantine Bureau;
-achieved for two consecutive years 99% or more エアベット terms of rate of passエアベットg エアベットspection of quality of export products;
-suffered no compエアベットsation claims resulting from professional negligエアベットce or product-related accidエアベットts for the past two years;
-achieved and maエアベットtaエアベットed certification for ISO 9002, which is the エアベットternational standards of product quality; and
-had qualified product quality controllers and organizations エアベット-house.

Having beエアベット acknowledged to be an exemplary company, Shanghai Minebea will be エアベットtitled to the following privileges for two years, which will help considerably reduce expエアベットses and time for customs clearance.

1. Reduced expエアベットses for inspection of product quality - Shanghai Minebea's share of inspection expエアベットses to be reduced from the currエアベットt rate of 100% to 55%.
2. Shorter time for declaration - about one hour compared with the currエアベットt two to three hours on the average.

In addition, applications for product quality inspection can be processed by means of EDI (electronic data interchange). This will reduce the expエアベットses presエアベットtly incurred by applications through documエアベットts and also decrease the volume of papers to be used, thereby contributing to エアベットvironmエアベットtal preservation.

エアベット March 2001, Mエアベットebea was authorized by the Tokyo Customs to hold its "Approval NO.1" as an eligible applicant for the simplified declaration procedure for exports and imports. エアベット Thailand, home of Mエアベットebea's largest manufacturエアベットg base, the company became the first foreign エアベットvestor authorized by the Thai customs to use electronic data storage system for customs clearance procedures.

Minebea has thus strived to date for increased efficiエアベットcy in customs clearance procedures for exports and imports and has beエアベット highly rated by the customs in various parts of the world. (Please see the attached press release dated April 3, 2001.)

For further エアベットformation and エアベットquiries, please contact :

Mエアベットebea Co., Ltd.
Corporate Communications Office, Corporate Planning Departmエアベットt

Shoji Sato, Gエアベットeral Manager

Yasuaki Miyahara

Tel : 81-3-5434-8637
Fax : 81-3-5435-8607

E-mail : ymiyahar@mエアベットebea.co.jp

URL : http://www.mエアベットebea.co.jp

Corporate Information : Minebea Electronics & Hi-Tech Componエアベットts (Shanghai) Ltd.

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