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4-Traders Homepage  >  Equities  >  Tokyo  >  Ube Industries, Ltd.    4208   JP3158800007

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Ube Industries : Machinery Establishes Sales and Servicing Office in Kentucky, USA

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08/23/2016 | 06:14am CEST

August 23, 2016

TOKYO, August 23, 2016 _ Ube Industries, Ltd. today announced that its consolidated subsidiary and centerpiece in the UBE Group's machinery business, Ube Machinery Corporation Ltd., has established a new sales and servicing office in Lexington, Kentucky through its American subsidiary, UBE Machinery Inc. based in Ann Arbor, Michigan. The new Kentucky office began operating in August of this year.

In recent years, automotive parts suppliers have established numerous manufacturing facilities in Southern states. UBE Machinery Inc. engages in manufacturing, sales, and servicing from its Midwestern base in Ann Arbor, Michigan. The establishment of a sales and servicing office in Lexington, Kentucky is ideally situated to more rapidly provide finer customer support with the regional growth of customers.

The office initially launched with two full-time staff from Japan concentrating on sales and servicing respectively, and moving forward will add locally hired employees to meet the needs of manufacturers.

Ube Machinery Corporation Ltd. is expanding its international sales and servicing operations, and currently operates 21 offices in 12 countries and regions including the US, China, India, Thailand, Mexico, Germany, and Brazil. The company will continue striving to provide support and servicing to customers across the globe.

Information for Kentucky Office

NameUBE Machinery Inc. Kentucky Office.LocationLexington, Kentucky, USABusiness DescriptionSales, servicing, and maintenance of molding machineryEstablished and Operating SinceAugust 2016

Profile of UBE Machinery Inc.

LocationAnn Arbor, Michigan, USA.Business DescriptionSales, servicing and manufacturing of metal and plastics processing machinesEstablishedSeptember 1992Capital StockUS$17 millionShareholderUbe Machinery Corporation Ltd. (100%)RepresentativeYasuhiro Inoue, President

Reference : Location

Ube Industries Ltd. published this content on 23 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2016 04:14:08 UTC.

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Financials ( JPY)
Sales 2017 639 710 M
EBIT 2017 -
Net income 2017 19 300 M
Debt 2017 147 870 M
Yield 2017 3,45%
P/E ratio 2017 9,61
P/E ratio 2018 8,14
EV / Sales 2017 0,52x
EV / Sales 2018 0,50x
Capitalization 184 788 M
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Ube Industries, Ltd. Technical Analysis Chart | 4208 | JP3158800007 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 212  JPY
Spread / Average Target 22%
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Yuzuru Yamamoto President, Group CEO & Representative Director
Michio Takeshita Chairman
Masayuki Fujii Group CFO & Manager-Business Administration
Morihisa Yokota Executive Officer, GM-Research & Development
Hideyuki Sugishita Representative Director & President-Chemicals
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