TOKYO, March 7 Billionaire investor Warren
Buffett, on the hunt for acquisitions, will make his first trip
to Japan later this month and speak at the opening of a new
factory, event planners said.
The factory of cutting tool maker Tungaloy Corp, a unit of a
firm in which Buffett's Berkshire Hathaway Inc (BRKa.N) holds an
80 percent stake, opens in Iwaki, northeast Japan, on March 22.
The event will be attended by managers from the auto and
machinery sectors, a Tungaloy spokesman said.
The list of guests, compiled by Tungaloy without imput from
Berkshire Hathaway, includes Tungaloy clients such as Daihatsu
Motor 7262.T and IHI (7013.T).
Buffett, 80, who said last month he was looking for a big
acquisition, is scheduled to leave Japan directly after his visit
to the former mining town, the spokesman said.
Tungaloy, formerly part of industrial conglomerate Toshiba
Corp (6502.T), supplies automakers with superhard tools used to
cut, groove and turn engine parts.
Tungaloy is wholly owned by IMC International Metalworking
(Reporting by Mayumi Negishi; Editing by Michael Watson)