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March 27, 2001
Ube Machinery Corporation
Establishes a Chinese Corporation
Ube Machinery Corporation, Ltd., (Toshio
Wakabayashi, company president), a wholly owned subsidiary of
Ube Industries, Ltd., (Kazumasa Tsunemi, company president) is
establishing Ube Machinery (Shanghai) Limited on July 1, 2001,
using independent capital (capital: 170,000,000 yen, corporate
office: Shanghai, China).
With its participation in the World Trade
Organization (WTO), China is expected to see large growth in its
market in the future. By establishing a local company, UBE plans
to build upon the manufacturing strength and delivery experience
to further boost its processing performance and cost
competitiveness and expand its market share in China.
As a Chinese company, Ube (Shanghai) Ltd.
will engage in the import and sale of manufacturing equipment
such as die-casting machines, injection-molding machines,
extrusion presses, and vertical mills while continuing its
after-service business. It will also add businesses such as
local manufacturing, OEM, and provision of technology to develop
an integrated China-based machinery business that extends from
manufacturing and sales to after-service care. In addition,
parts procured in China will reimported to Japanese works as one
means of reducing production costs.
The manufacturing facility will be completed
in the middle of 2001 and production will start from 2002. In
addition, marketing and after-service branches will be opened in
Tianjin, Shenzhen, and Chongqing in order to create a network
fully capable of providing service to domestic customers as well
as to Japanese, European, and North American companies setting
up operations in China.
Ube's die casting machines, extrusion
presses, large injection molding machines, and vertical mills
hold a major share of the world market. Since 1996, the American
subsidiary Ube Machinery Inc. (UMI), with its corporate office
in Michigan (Mitsuhiro Kawamura, company president), has been
performing local production of die casting machines and
injection molding machines. The establishment of a locally owned
company in China will follow UMI as the second line according to
the corporate strategy of creating a world-wide three-pole
system. The company expects to achieve sales of 4 billion yen
and a staff of approximately 40 employees by 2003.
For more information
Ube Machinery Corporation, Ltd.
1980 Okinoyama, Kogushi,Ube Yamaguchi 755-8633, Japan
Attn : Manabu Shinano, General Affairs Dept.
Phone : +81-0836-22-6456
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