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Article: Tsugami prepares for the European market with a new subsidiary.
- Article from:
- Metalworking Insiders' Report
- Article date:
- October 31, 2007
CopyrightCOPYRIGHT 2007 Gardner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tsugami Corp. (Tokyo, Japan) has modified its policy for selling in the European market, deciding to extend its commitment by establishing a wholly-owned marketing and maintenance services unit in Frankfurt, Germany. For the builder's sales activity in the region, this seems like the most significant milestone since October 2000, when Mori Seiki Co. (Nagoya, Aichi Prefecture) was named the region's sole distributor. (Mori signed a similar agreement with Roku-Roku Sangyo Ltd. [Tokyo] in July 2003.)
The new subsidiary, named Tsugami G.m.b.H., is slated to be founded in ...