| Chuo Spring Co., Ltd. (President: Tokuyuki Takahashi; Headquarters: Nagoya, Aichi Japan) announces that its Board has decided to establish a new engineering subsidiary in Indonesia at the Board Meeting held on September 27, 2011 as follows;
1. Purpose of the establishment
To minimize the lead-time for development, designing and manufacturing of machinery & equipment and the development and designing of products to correspond to the rapidly growing Indonesia market in a timely manner.
2. Overview of the new company
| (1) Company Name: |
P. T. Chuhatsu Techno Indonesia |
| (2) President: |
Keiji Hasegawa (Mr., Director of Chuo Spring Co., Ltd.) |
| (3) Address: |
Cibitung-Bekasi, Indonesia |
| (4) Establishment: |
January 1, 2012 |
| (5) Fiscal term: |
April-March |
| (6) Business outline: |
– Development, designing and manufacturing of machinery
and equipment, and
– Development and designing of automotive parts |
| (7) Employees: |
Approx. 10 (as at the end of 2012) |
| (8) Capital: |
Approx. JPY10million equivalent |
| (9) Ownership: |
Chuo Spring Co., Ltd. 100% |
| (10) Main customers: |
Chuo Spring Co., Ltd., P. T. Chuhatsu Indonesia |
| (11) Launch of operation: |
Early January 2012 |
3. Outlook for the first 3 years
(unit: Million JPY)
|
2012 (plan) |
2013 (plan) |
2014 (plan) |
| Sales |
13 |
15 |
16 |
Impact to the consolidated financial status of Chuo Spring Co., Ltd. by the establishment of this subsidiary is minimal.
|
is a registered trademark of Chuo Spring Co.,Ltd.