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NIPPO LTD to Establish New Subsidiary in Thailand; Announces New Factory Fund by Subsidiary
NIPPO LTD announced that it has decided to establish a wholly owned subsidiary, NIPPO GLOBAL MANAGEMENT CO.,LTD., which will be in charge of the overall Asia business, based in Thailand, in the late February 2013. The subsidiary is expected to start operation since June 1, 2013. The Company also announced that its subsidiary, NIPPO MECHATRONICS(THAILAND)CO., LTD., will establish a factory which will be engaged in manufacturing of automobil components. The new factory is expected to be completed in December 2013.
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