TSUBAKIMOTO CHAIN : Tsubaki establishes sales company dealing in machine parts for general industrial use in South Korea
April 09, 2014 at 11:15 am EDT
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Tsubakimoto Chain (Headquarters: Osaka, Japan. President: Isamu Osa) has established a sales company (Tsubakimoto Korea Co., Ltd.) in Seoul, South Korea, as part of its efforts to boost sales in the East Asian region. The new company will begin operations on April 1 as a wholly-owned subsidiary of Tsubakimoto Chain.
Purpose
In South Korea, Tsubaki will increase orders through proactive investment in engineering sales, focusing on key industries such as machine tools, FPDs (flat panel displays), automobiles, and the food industry.
Outline of Subsidiary
Name:
Tsubakimoto Korea Co., Ltd.
Location:
Seoul, Republic of South Korea
(#1004,1005 East Wing, Hanshin Intervalley 24. 707-34,
Yeoksam-dong, Gangnam-gu, Seoul, Korea)
Start of operations:
April 1, 2014
Capital:
7 million won (approximately 66 million yen)
Capital investor:
Tsubakimoto Chain, Co. - 100%
Initial number of employees:
7
Description of business:
Import and sale of machine parts (Chain and Power Transmission Units and Components products) for general industrial use
TSUBAKIMOTO CHAIN CO. is mainly engaged in the manufacture and sale of chains for power transmission and transportation use, variable speed reducers, linear working units, timing chains, power drive chains, conveyors and transportation systems. In addition, the Company is also involved in the manufacture, sale, research and development of automotive parts and material handling equipment. The Company operates through four segments: Chain, Precision Equipment, Automobile Parts and Material handling segments. The Chain segment offers standard form chains, oil-free chains, powerful chains, standard conveyor chains and free flow chains, as well as cable chains and cable accessories, among others. The Precision Equipment segment provides gear motors, gear-boxes, tensioners, guides, levers, sprockets, among others. The Automobile Parts segment provides tensioners, guides, power drive chains and others. The Material Hnadling segment provides systems for the logistics industry and others.