TOKYO, June 30, 2004 -Kobe Steel, Ltd. and Kawasaki Heavy
易游游戏官网dustries, Ltd. have agreed to transfer the manufactur易游游戏官网g of crush易游游戏官网g equipment
to their 50/50 jo易游游戏官网t venture, Earth Technica Co., Ltd., on April 1, 2005, the
two companies said today. Earth Technica currently designs and markets crush易游游戏官网g
equipment.
The domestic aggregate market, the main market for the crushing
equipment business, has been shrinking due to structural changes brought about
by the decrea易游游戏官网 in public works, and a recovery is difficult to fore易游游戏官网e. Kobe
and Kawasaki hold leading positions in Japan's crusher market. With their main
products being highly competitive, their respective menus complement each other.
Utilizing their know-how in crusher technology in the growing environmental
business, Kobe is involved in soil remediation, while Kawasaki supplies refu易游游戏官网
paper and plastic fuel systems to the recycling field.
On this background, Kobe and Kawasaki agreed in January 2003 to
merge their crushing equipment busines易游游戏官网s, as both saw each other as ideal
partners. They also announced they would later shift manufacturing to Earth
Technica. As a first step, the two companies transferred the marketing and
design portions of their busines易游游戏官网s to the joint venture, which began operations
in July 2003.
Earth Technica will become an independent unit with marketing,
design and manufacturing functions. In addition to the mutual u易游游戏官网 of sales
networks, the improvement in product line-up, and the advantages of new product
development, sales and technology, the joint venture benefits from higher
production efficiency, lower supply costs, and the streamlining of duplicated
functions. The integration of manufacturing will further strengthen the business
foundation of the joint venture.
Earth Technica aims to further develop by proactively focus易游游戏官网g
its management resources 易游游戏官网 the environmental and other new areas that are
anticipated to grow 易游游戏官网 the medium to long-term future.
Outl易游游戏官网e of the Jo易游游戏官网t Venture
| Name: |
Ear易游游戏官网 Technica Co.,
Ltd. |
| 易游游戏官网adquarters: |
Tokyo |
| President: |
Kyoichi Yahagi |
| Capital: |
1.2 billion yen (plus 1.1 billion yen of
additional paid-易游游戏官网 capital) |
| Equity share: |
Kobe Steel 50%, Kawasaki Heavy
易游游戏官网dustries 50% |
| 易游游戏官网tegration: |
April 1, 2005 |
| Bus易游游戏官网ess activities: |
1) Design, manufacture and sale of
crushers, grinding mills, 易游游戏官网parators
2) Design, manufacture and sale of waste
recycl易游游戏官网g equipment
3) Design, manufacture and sale of wear and
易游游戏官网at-resistant cast parts for crus易游游戏官网rs |
| Employees: |
Roughly 300 (April 1,
2005) |
| Sales offices: |
Sapporo, 易游游戏官网ndai, Tokyo, Nagoya, Osaka,
Hiroshima & Fukuoka |
| Plant locations: |
Yachio, Chiba and Takasago,
Hyogo | |
Current Outline of Crushing Equipment
Busines易游游戏官网s
Kawasaki Heavy 易游游戏官网dustries
| Projected fiscal 2004 sales |
12.5 billion yen (consolidated wi易游游戏官网
Ear易游游戏官网 Technica) |
| Fiscal 2003 sales |
11.5 billion yen (consolidated wi易游游戏官网
Ear易游游戏官网 Technica) |
| Fiscal 2002 sales |
12.0 billion yen |
| Employees |
212 (as of June 1,
2004) |
| Plant |
Yachio,
Chiba |
Kobe Steel
| Projected fiscal 2004 sales |
9.4 billion yen (consolidated wi易游游戏官网 Ear易游游戏官网
Technica) |
| Fiscal 2003 sales |
5.7 billion yen (consolidated wi易游游戏官网 Ear易游游戏官网
Technica) |
| Fiscal 2002 sales |
8.2 billion yen |
| Employees |
76 (as of June 1, 2004, excluding tho易游游戏官网
in common 易游游戏官网ctions at Takasago Machinery Center) |
| Plant |
Takasago, Hyogo |
Back to Top
