Member access

4-Traders Homepage  >  Shares  >  Tokyo  >  Itochu Corp    8001   JP3143600009

ITOCHU CORP (8001)

3
SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Itochu Corp : ITOCHU Announces Collaboration with AIR WATER INC. in the Healthcare Field

02/14/2013 | 01:43am US/Eastern

Primary contents from here.

February 14, 2013

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU") announced today that it has agreed to transfer 60% of the shares of ITOCHU's wholly owned subsidiary, Healthcare-Tech Corporation (headquartered in Fuchu City, Tokyo; Kenichi Watanabe, President; hereinafter "Healthcare-Tech"), to AIR WATER INC. (headquartered in Osaka City, Osaka; Hiroshi Aoki Chairman & CEO; hereinafter "AIR WATER"). The shares will be transferred following the necessary approval of the relevant authorities.

Healthcare-Tech possesses know-how and a proven track record from 20 years' experience as one of the leading Supply Processing Distribution (hereinafter "SPD services") companies specializing in medical equipment and pharmaceuticals. The company has been steadily increasing its contract business, mainly for large hospitals in Japan. Healthcare-Tech also provides a range of services to medical organizations, including wholesale of generic pharmaceuticals and import and sales of medical equipment.

AIR WATER is one of the major suppliers of medical gas and hospital facility constructors in Japan. The company provides a wide range of total healthcare services to a number of domestic medical organizations, including SPD Services, contract sterilization services, manufacturing and sales of medical equipment, nursing care services and home medical care services. ITOCHU resolved to transfer part of its share of Healthcare-Tech, recognizing collaboration with AIR WATER in SPD Services as the best opportunity to accelerate the growth of Healthcare-Tech.

In a joint effort with AIR WATER, ITOCHU will continue to improve the corporate value of Healthcare-Tech and to create a new business model of high value, taking advantage of the know-how it has accumulated during its many years in the medical industry, and its procurement ability based on its domestic and international networks.

distributed by
React to this article
Latest news on ITOCHU CORP
01/25 ITOCHU : SWCC awards $120mn Shuaiba 2 desal contract
01/22 ITOCHU : Japanese groups win Saudi water plant contract
01/22 Itochu & CPG's investments credit positive for CITIC Limited
01/21 ITOCHU : Japanese groups win Saudi water plant contract
01/21 Kyodo Industry Brief (Jan. 21)
01/21 ITOCHU : Japanese and Thai firms take stake in Citic
01/21 ITOCHU : CP Group to invest $10 billion in China's Citic
01/20 ITOCHU : CP Group to invest $10 billion in China's Citic
01/20 ITOCHU : and Sasakura to Receive Order for Project to Expand the Existing Shuaib..
01/20 ITOCHU : Announces Capital/Business Alliance with VINATEX in Vietnam
Advertisement
Chart
Duration : Period :
Itochu Corp Technical Analysis Chart | 8001 | JP3143600009 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF