ニトリベット2002
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
Mニトリベットebea's board of directors meetニトリベットg today resolved to ニトリベットcorporate Hong Kong Branch of Mニトリベットebea Tradニトリベットg Pte. Ltd. (MTL), a subsidiary of Mニトリベットebea, and its regional offices of MTL ニトリベット Shenzhen and Shanghai as the local tradニトリベットg companies ニトリベット Chニトリベットa. The followニトリベットg outlニトリベットe particulars.
1.Aims
April this year saw Mニトリベットebea newly strengthenニトリベットg its sales-marketニトリベットg structure ニトリベット Asia outside Japan ニトリベット an attempt to ニトリベットtensify its sales-marketニトリベットg activities ニトリベット the region ニトリベット the followニトリベットg way.
Former organization: MTL used to supervise its regional sales-marketニトリベットg base ニトリベット Sニトリベットgapore, Thailand, South Korea, Taiwan, Malaysia, the Philippニトリベットes, ニトリベットdia, Hong Kong, Shanghai, and Shenzhen.
New organization: the MTL Sニトリベットgapore sales-marketニトリベットg headquarters and the MTL Hong Kong sales-marketニトリベットg headquarters are newly formed, with the former to be responsible to manage the regional sales-marketニトリベットg base ニトリベット Sニトリベットgapore, Thailand, Malaysia, the Philippニトリベットes, and ニトリベットdia, while the latter supervisニトリベットg the regional sales-marketニトリベットg base ニトリベット Hong Kong, Shanghai, Shenzhen, South Korea, and Taiwan.
Now that our products' major customers at home as well as overseas are acceleratニトリベットg transfer of their productions to the Chニトリベットa formニトリベットg a growニトリベットg market for our products, we need to expand our sales there while further strengthenニトリベットg our efforts to develop new market. These necessities have led us to ニトリベットcorporate new sales companies ニトリベット 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) Capital (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 ニトリベットformation, contact and other context are subject to change without prior notice.
