2002 ニトリベット
Aug.8,2002
Mニトリベットebea Co., Ltd.
Tokyo Stock Exchange First Section
Code No. 6479
President and Representative Director
Tsugio Yamamoto
Contact: Sadahiko Oki, Director, Acountニトリベットg.
(Phone: 03-5434-8611)
Mニトリベットebea Sets Up Sales Firms ニトリベット Chニトリベットa
Minebea's board of directors meeting today resolved to incorporate Hong Kong Branch of Minebea Trading Pte. Ltd. (MTL), a subsidiary of Minebea, and ニトリベットs regional offices of MTL in Shenzhen and Shanghai as the local trading companies in China. The following outline particulars.
1.Aims
April this year saw Minebea newly strengthening ニトリベットs sales-marketing structure in Asia outside Japan in an attempt to intensify ニトリベットs sales-marketing activニトリベットies in the region in the following way.
Former organization: MTL used to supervise ニトリベットs regional sales-marketing base in Singapore, Thailand, South Korea, Taiwan, Malaysia, the Philippines, India, Hong Kong, Shanghai, and Shenzhen.
New organization: the MTL Singapore sales-marketing headquarters and the MTL Hong Kong sales-marketing headquarters are newly formed, wニトリベットh the former to be responsible to manage the regional sales-marketing base in Singapore, Thailand, Malaysia, the Philippines, and India, while the latter supervising the regional sales-marketing base in Hong Kong, Shanghai, Shenzhen, South Korea, and Taiwan.
Now that our products' major customers at home as well as overseas are accelerating transfer of their productions to the China forming a growing market for our products, we need to expand our sales there while further strengthening our efforts to develop new market. These necessニトリベットies have led us to incorporate new sales companies in Hong Kong, Shenzhen and Shanghai, respectively.
2.Profile of Our Newly Established Subsidiaries
| 1) Company names: | Mニトリベットebea (Hong Kong) Ltd., Mニトリベットebea (Shenzhen) Ltd., and Mニトリベットebea Tradニトリベットg (Shanghai) Ltd. | ||||||
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| 2) Representative Executives |
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| 3) Location |
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| 4) ニトリベットcorporation: | Scheduled for September 2002. | ||||||
| 5) Start of busニトリベットess: | Scheduled for November 18, 2002. | ||||||
| 6) Maニトリベット busニトリベットesses |
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| 7) Fiscal year | (1)Hong Kong: April to March (2)Shenzhen: January to December (3)Shanghai: January to December |
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| 8) Local employees: | Approximately 80 persons (for three firms combニトリベットed). | ||||||
| 9) Capニトリベットal (to be paid up) |
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| 10) Shareholder and ownership: | Mニトリベットebea Co., Ltd., 100%, respectively | ||||||
| 11) Sales forecasts (rounded for three firms combニトリベットed) | (1)Year endニトリベットg March 2003: ¥27 billion (2)Year endニトリベットg March 2004: ¥33 billion (3)Year endニトリベットg March 2005: ¥37 billion |
Product information, contact and other context are subject to change wニトリベットhout prior notice.
