Member access

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

ITOCHU CORP (8001)

3
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll 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
1h ago KAIZEN DISCOVERY : reports high-grade copper results from rock-chip sampling at ..
1d ago ITOCHU : Merger of asset related to iron ore mining business in Brazil
4d ago COMCAST : United States: Faulty Damages Model Leads To Partial Decertification
4d ago SOCAR receives 2bn cubic meters of associated gas from Azeri-Chirag-Guneshli
7d ago ITOCHU : NAES - A Diversified and Growing Energy Services Company
11/18 ITOCHU : Japanese Itochu interested in Azerbaijan's energy projects
11/18 ITOCHU : Announces that Takata no Yume Project Received Food Action Nippon Award..
11/16 ITOCHU : Announces Acquisition of Shares in LPG Supply Company To Expand Its LPG..
11/15 ITOCHU : Japan's JOGMEC buys Abu Dhabi crude for SPR
11/15 ITOCHU : Japan's JOGMEC buys Abu Dhabi crude for SPR
Advertisement
Chart
Duration : Period :
Itochu Corp Technical Analysis Chart | 8001 | JP3143600009 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF