td. corporation (below, the Sumitomo electric) both corporations on 2007 October 1st brake business for the automobile of the Sumitomo electric agreed to business transferring at this corporation, we inform.
As for both corporations, corporation [denso], with the Toyota Motor Corporation corporation establishing corporation adding Vicks which does the development sale of the brake system for the automobile in 2001 July, later, each one started taking charge of the production of the brake system for the automobile.
As recently, while electrization and IT conversion of the automobile develop quickly, high-level engineering development is required from the automobile part, as those which in the future more, competition intensifies regarding the cost aspect it is expected. Under such circumstance, both corporations for further growth and development of the brake business for the automobile which designates adding Vicks as core, integrating the production section both the improvement of efficiency and rationalization of the production with judge, that it is necessary to accelerate furthermore, it is something to transfer the brake business for the automobile of the Sumitomo electric to this corporation which is the adding Vicks connected parent company.Buying Business
With this business transfer, this corporation assures the further improvement of efficiency in the production aspect, aims toward strengthening and scale enlargement of quality cost competitiveness of brake business. In addition, the Sumitomo electric, as more improvement of efficiency from of group business management is assured, concentrates the technical power of the group in the future in automobile-related field, starts assuring enterprise value improvement by endeavoring to the development wide sales of the new product which is charm.
Business Name: Oakham Business Transfer Agents
Business Address: Unit 10 Hermitage Way, Mansfield, NG18 5ES
Business Email: Info@oakhambta.co.uk
Business Number: 07983 878819
Description: Oakham Business Transfer agents offer a modern and pro-active approach to selling your business.
Business Website: www.oakhambta.co.uk