| Yushin America Inc. (Y.A.I., President John Mallon,
Headquarters in Rhode Island, capital of $8,000) became the wholly
owned subsidiary of Yushin Precision Equipment Co., Ltd. (Yushin)
on March 31 2005. Yushin is the dedicated supplier of take-out robots
for injection molding machines, carrying the motto "Heartful Technology"
(President Mayumi Kotani, headquarters in Kyoto City, capital of 1.98566
billion yen).
When Y.A.I. was first set up as Yushin's distributor in October
of 1988, Yushin invested only 10% of the capital. Yushin increased
their investment in capital of Y.A.I. by 60% in September of 1996,
and Y.A.I. became Yushin's subsidiary. This time, for sales strengthening
in the United States as well as for information unification and
quick response in decision making between Y.A.I. and the headquarters,
Yushin acquired the rest 40% so that Y.A.I. became the wholly owned
subsidiary of Yushin.
Mr. John Mallon continues to be the president of Y.A.I.
The proportion of export of Yushin in all product sales (as of March,
2005) is 51.2%, and 17.5% of that is exported to North American
region including Canada.
Total sales of Y.A.I. in 2003 are 2,327,000,000yen. There are 65
staffs, including four Japanese staffs from Yushin, operating at
six offices in the United State including the headquarters in Rhode
Island: five offices in Michigan, North Carolina, California, Texas
and Kentucky.
|
[Yushin Precision Equipment Co., Ltd. Public Relations]
For further information, please contact:
Mr. Watanabe, General Manager, Sales Department
Tel: 075 (933) 9555
Headquarters: 11-260 Kogahonmachi, Fushimi-ku, Kyoto |
