2010-05-14
General Industrial Machinery Parts Sales Company Founded in India
Strengthening Sales in Developing Country Markets
Tsubakimoto Chain (Headquarters: Osaka, Japan. President and Representative Director: Isamu Osa) announces the founding of Tsubaki India Power Transmission Private Limited, a subsidiary of Tsubakimoto Singapore Pte. Ltd. (a wholly owned subsidiary of Tsubakimoto Chain, Headquarters: Singapore. President: Yasushi Ohara). The new company is scheduled to start operations on June 1, as part of the company's efforts to strengthen sales of general industrial machinery parts in the fast-growing Indian market.
Purpose of Founding the New Company
The company has been doing business in the Indian market up to now through Tsubakimoto Singapore. By launching this new company now, the company's aim is to conduct more carefully customer-targeted sales activities and to deploy technical services more rapidly in the Indian market, which is expected to undergo further growth as a rising developing nation market. The company hopes to build a solid business foundation and expand its sales in this market. This represents the Tsubaki Group's third sales office in the BRIC nations, after China and Brazil.
New Company Overview
- Firm Name:
Tsubaki India Power Transmission Private Limited - Representative:
Yasushi Ohara (also President of Tsubakimoto Singapore) - Location:
Chennai City, Tamil Nadu, Republic of India - Date of Establishment:
June 1, 2010 (scheduled) - Principal Business:
General industrial machinery parts (conveyor chains, drive chains, cam clutches, gear reducers, actuators, others) - No. of Employees
9 (scheduled) - Capital
20 million Indian rupees (about 40 million Japanese yen) - Investment ratio:
Wholly owned subsidiary of Tsubakimoto Singapore - Planned Sales Volume:
2010: ¥250 million yen, 2013: ¥300 million yen