Kawi Establishes New Subsidiary in U.S.
February 7, 2006
Filed under Uncategorized
Kawasaki Precision Machinery Ltd. (KPM), a subsidiary of Japan's Kawasaki Heavy Industries, Ltd., recently established a subsidiary to sell hydraulic components in the United States.
KPM has been selling hydraulic components through the sales division of Kawasaki Motors Corp., U.S.A., Irvine, Calif.
Kawasaki said hydraulic component sales in the U.S. have nearly quadrupled in the 10 years since the product was launched. The new subsidiary, Kawasaki Precision Machinery (U.S.A.), Inc., Grand Rapids, Michigan, is expected to enhance KPM's managerial decision-making processes and resource allocation.
KPM now has three major bases: its headquarters and main factory in Kobe, Japan; KPM (USA); and KPM (UK). The three will work with subsidiaries Flutek, Ltd. in Korea and KPM (China), which begins operations in August 2006.
Name: Kawasaki Precision Machinery (U.S.A.), Inc.
Location: 5080 36th Street S.E., Grand Rapids, Michigan 49512, U.S.A.
President: Kazuo Hida
Established: January 1, 2006
Paid-in Capital: $5 million (100% owned by KPM)
Principal businesses: Import and sales of hydraulic components - pumps, motors and valves - after-sales services and related businesses
Number of employees: 20