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Establishment of New Subsidiary Company in China

Diamet Corporation will establish a new production site in Guangdong, China.
Since the spread of eco-friendly automotives has increased the global demand of our sintered parts, we will start our production and sales of sintered parts in China from January, 2013 to fulfill local customers’ demand on automotive engine parts.

Our new company’s overview is as follow;

 

New Company Overview

  1. (1) Company Name: (Tentative Name) Guangdong Diamet Sintered Part Company Limited
  2. (2) Location: Foshan City, Guangdong China
  3. (3) Establishment: Jan 2012
  4. (4) Business: Production and Sales of Sintered Parts
  5. (5) Capital: 56 Million Chinese Yuan (Diamet Corporation 100%)
  6. (6) President: HASEGAWA, Makoto
  7. (7) Number of Workforce: Approx. 80 as of Jan 2013
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