Establishment of Tsubaki Group product sales company in the Philippines
Strengthened Sales in Southeast Asia
In order to strengthen regional sales in Southeast Asia, Tsubakimoto Chain (Headquarters: Kita-ku, Osaka. President: Yasushi Ohara) has established Tsubakimoto Philippines Corporation—a subsidiary of Tsubakimoto Singapore Pte. Ltd. (Headquarters: Singapore), a 100% consolidated subsidiary of Tsubakimoto Chain Co—as a sales company in the Philippines.
To date, the Tsubaki Group has developed its business in the Southeast Asian market through Tsubakimoto Singapore Pte. Ltd. With the establishment of Tsubakimoto Philippines Corporation, we will develop detailed sales and technical service activities tailored specifically to local customers with a focus on such areas as automobiles, ports and harbors, cement, mining, food and beverages, and electrical equipment. By doing so, we will strive to expand business in the Southeast Asian market and strengthen the influence of the Tsubakimoto brand.
Outline of New Company
Tsubakimoto Philippines Corporation
- Date of establishment:
December 28, 2016
9,840,000 Philippine peso (approx. 200,000 US dollars)
Tsubakimoto Singapore Pte. Ltd. (100%)
(with each director holding one share, per Philippine Company Law)
- Number of employees:
- Principal business:
Import sales and after-sales service of all Tsubaki Group products