TOKYO, December 26, 2011_ Ube Industries, Ltd. today announced that the company's main subsidiaries in the machinery business, Ube Machinery Corporation, Ltd. and Ube Techno Eng Co., Ltd. jointly established a local subsidiary in India. The new subsidiary, Ube Machinery India Private Limited, is based in Gurgaon District in Haryana State, and will start operating in January 2012.
The machinery business is one of Ube's core platform businesses, and the company is endeavoring to strengthen its global capabilities and expand its services business in order to accommodate growing markets in developing nations. Ube Industries has identified India as a key future market due to the rate of economic growth in the nation in addition to the size and growth potential of its market.
Ube has until now supported its users in India through Ube Machinery and Ube Techno Eng based in Japan, working in partnership with local dealers in Delhi and Chennai. With the launch of the local subsidiary, which is situated in the Delhi suburb of Gurgaon, Ube will effectively strengthen its support framework for Japanese-affiliated and local companies alike. The subsidiary will also strengthen future market development and sales efforts to accelerate Ube's machinery business in India.
| Company Name | Ube Machinery India Private Limited |
|---|---|
| Location | Gurgaon District, Haryana State |
| Business Description | After-sales service and sales of industrial machinery and equipment |
| Established | December 2011 |
| Start of Operation | January 2012 (Scheduled) |
| Capital Stock | 11,000 thousand rupees |
| Shareholders | Ube Machinery Corporation, Ltd. (50%) Ube Techno Eng Co., Ltd. (50%) |
| Representative | Shinichi Tomita (Director and General Manager of Metal & Plastics Processing Machinery Department, Ube Techno Eng Co., Ltd.) |
| Location | Ube City, Yamaguchi Prefecture |
|---|---|
| Business Description | Manufacturing and sales of die casting machines, injection molding machines, extrusion presses, vertical mills, kilns, bulk handling machines, water screening equipment, bridges, steel structures and other industrial machinery |
| Established | September 1999 |
| Capital Stock | 6,700 million yen |
| Shareholder | Ube Industries, Ltd. (100%) |
| Representative | Tokuhisa Okada, President and Representative Director |
| Location | Ube City, Yamaguchi Prefecture |
|---|---|
| Business Description | Servicing, maintenance and modification of industrial machinery and equipment; manufacturing and sales of automation and environmental machinery |
| Established | December 1977 |
| Capital Stock | 130 million yen |
| Shareholder | Ube Machinery Corporation, Ltd. (100%) |
| Representative | Shoichi Miki, President and Representative Director |
