ITOCHU Announces Restructuring of Industrial Machinery Operations in the Asian Market

March 31, 2011

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it plans to restructure operations with the aim of further reinforcing sales of industrial machinery and engineering operations in the Asian market. Restructuring will revolve primarily around subsidiary ITOCHU SysTech Corporation (headquartered in Chuo-ku, Osaka; Kazuo Itoki, President & CEO; hereinafter “ITOCHU SysTech”) and will take effect as of April 1, 2011. Details are as follows.

  • The following three ITOCHU subsidiaries will become subsidiaries of ITOCHU SysTech and an integrated management system put in place for all industrial machinery operations in the Asia Market.
    ITOCHU SysTech Singapore Pte. Ltd. (Singapore)
    ITC Technology Taiwan Corporation (Taiwan)
    SysTech Shanghai Ltd. (China)
  • ITOCHU’s business selling manufacturing equipment in the semiconductor, display, ceramics and car electronics sectors will be transferred to ITOCHU SysTech.

The industrial machinery industry is currently undergoing some major structural changes, not least in terms of technological innovation and the globalization of production facilities. As the end-users of industrial machinery, manufacturers are increasingly relocating their manufacturing facilities to other countries in Asia, especially China and Southeast Asia. There is also a growing trend towards operations being handled at the local level, including procurement decisions, making it necessary for sales and engineering companies to tailor their services to suit individual manufacturers.

Integrating operations under ITOCHU SysTech will pave the way for the integrated management and promotion of ITOCHU’s industrial machinery operations in the Asian market and enable ITOCHU to establish an operating structure that is capable of making swift decisions and adapting to changes in industrial structure as quickly as possible. Since its establishment in 1969, ITOCHU SysTech has continued to expand its business as a specialist supplier of textile and hi-tech polymer processing machinery, focusing primarily on the Asian market. The company’s main strengths include its customer service, product development and technical support capabilities. In addition to increasing international trade within Asia, ITOCHU intends to provide business solutions tailored to meet its customers diverse manufacturing needs and further expand its industrial machinery operations in the future under ITOCHU SysTech.

ITOCHU SysTech Corporation (as of April 1, 2011)

Name

ITOCHU SysTech Corporation

Representative Kazuo Itoki (President & CEO)
Head Office 3-6-14 Minami-Honmachi, Chuo-ku, Osaka, Osaka prefecture
Established

April 1, 1969

Capital

¥480 million

Workforce

100 employees (Group employees: 200)

Business activities

Import and export of industrial machinery, international and domestic sales and engineering services

Sales ¥25.5 billion (projected sales for FY2011)
Main subsidiaries

ITOCHU SysTech Singapore Pte. Ltd. (Singapore)

ITC Technology Taiwan Corporation (Taiwan)

SysTech Shanghai Ltd. (China)

TEXMAC Services (Private) Ltd. (Pakistan)

Website http://www.itochu-systech.co.jp/[Open in a new window]

ITOCHU SysTech Singapore Pte. Ltd. (as of April 1, 2011)

Name

ITOCHU SysTech Singapore Pte. Ltd.

Representative

Koichiro Nishikawa (Managing Director)

Head Office

Singapore

Established

March 31, 1994

Workforce

16 employees

Business activities

Sale of semiconductor assembly equipment, testers and other electronic machinery and components, and tester services

ITC Technology Taiwan Corporation (as of April 1, 2011)

Name

ITC Technology Taiwan Corporation

Representative

Kazuo Itoki (Chairman), Osamu Ohno (President)

Head Office

Hsinchu, Taiwan

Established

January 9, 1996

Workforce

41 employees

Business activities

Sale of semiconductor, liquid crystal and solar cell equipment and supplies

SysTech Shanghai Ltd. (as of April 1, 2011)

Name

SysTech Shanghai Ltd

Representative

Kazuo Itoki (Chairman), Hiroaki Tanuma (President)

Head Office

Shanghai, China

Established

January 4, 2005

Workforce

30 employees

Business activities Sale of electronic, textile and other industrial machinery

(Reference) Example of industrial machinery supplied

[photo]
A film manufacturing system made by Canadian firm by Canadian firm Macro
(used to manufacture multilayered high barrier films for food packaging, etc.)