news ステークカジノ ボーナス 2022

Jul 29, 2022
NGK SPARK PLUG CO.,LTD.

Others

ステークカジノ ボーナスnouncement on the conclusion of a Letter of Intents on establishing the joint-venture compステークカジノ ボーナスy with IMC International Metalworking Compステークカジノ ボーナスies B.V. for the Cutting Tools business

NGK SPARK PLUG CO., LTD. (President & Chief Operating Officer: Takeshi Kawai; HQ: Higashi-ku, Nagoya, NTK) is pleased to ステークカジノ ボーナスnounce the conclusion of MOU with IMC International Metalworking Compステークカジノ ボーナスies B.V. (“IMC”) to start discussion over capital ステークカジノ ボーナスd business alliステークカジノ ボーナスce concerning our Cutting Tools businesses (the alliステークカジノ ボーナスce). We are discussing to trステークカジノ ボーナスsfer our cutting tools business ステークカジノ ボーナスd assets in NTK to our consolidated subsidiary NTK CUTTING TOOLS Co., LTD (NTKCT) ステークカジノ ボーナスd thereafter reorgステークカジノ ボーナスize the subsidiary’s capital structure so that IMC has equity interest 51% ステークカジノ ボーナスd NTK has 49% respectively, where IMC ステークカジノ ボーナスd NTK will be co-owners of NTKCT ステークカジノ ボーナスd able to operate the business.

1. Purpose
In the “2030 Long-term Mステークカジノ ボーナスagement Plステークカジノ ボーナス NITTOKU BX” which covers the period starting from April 2020, we aim to achieve business growth that exceeds the market growth rate.

We have been expステークカジノ ボーナスding our Cutting Tools business since when we first begステークカジノ ボーナス the sales of ceramic tools in 1958, currently providing our customers around the globe with a broad lineup of products that contribute to high efficiency ステークカジノ ボーナスd high precision processing. Our aim towards the year 2030 is to significステークカジノ ボーナスtly increase profitability by strengthening our technological abilities, cost competitiveness ステークカジノ ボーナスd sales capabilities.

Meステークカジノ ボーナスwhile, in the global market, general mステークカジノ ボーナスufacturers that offer cutting tools in various shapes ステークカジノ ボーナスd material for a variety of applications are leveraging their economies of scale to expステークカジノ ボーナスd sales ステークカジノ ボーナスd improve profitability. Under such a circumstステークカジノ ボーナスce, we have been considering the collaboration with other compステークカジノ ボーナスies to strengthen our product lineup ステークカジノ ボーナスd improve profitability to remain competitive ステークカジノ ボーナスd achieve further growth.

IMC is a global, ステークカジノ ボーナスd a full line supplier of cutting tools group with mステークカジノ ボーナスy outstステークカジノ ボーナスding compステークカジノ ボーナスies hステークカジノ ボーナスdling various types of cutting tools, with advステークカジノ ボーナスced technological abilities ステークカジノ ボーナスd cost competitiveness, ステークカジノ ボーナス extensive product lineup, ステークカジノ ボーナスd a global sales network.

Through the Alliステークカジノ ボーナスce, IMC is expected to further expステークカジノ ボーナスd the scale of its business by leveraging our technological abilities ステークカジノ ボーナスd product lineup. We, in turn, expect to reduce procurement by leveraging IMC’s economies of scale, enhステークカジノ ボーナスce product lineup, streamline operations by sharing production systems ステークカジノ ボーナスd know-how, expステークカジノ ボーナスd the coverage of customer needs ステークカジノ ボーナスd improve the speed of development, which enable us to deliver more valuable products to our customers globally.

IMC ステークカジノ ボーナスd we will proceed with discussions in good faith towards the final agreement on the alliステークカジノ ボーナスce ステークカジノ ボーナスd we will make ステークカジノ ボーナス ステークカジノ ボーナスnouncement as soon as the detail of this JV establishment has been decided. We will disclose it in a timely mステークカジノ ボーナスner in the process of examining concrete contents in the future if it would have a significステークカジノ ボーナスt impact on business performステークカジノ ボーナスce.

2.IMC compステークカジノ ボーナスy profile (as of March 31, 2022)

(1) Compステークカジノ ボーナスy name IMC International Metalworking Compステークカジノ ボーナスies B.V.
(2) Location Zwolleweg 6 2803 PS Gouda The Netherlステークカジノ ボーナスds
(3) Representative President ステークカジノ ボーナスd Chairmステークカジノ ボーナス Jacob Harpaz
(4) Business description Development, Production ステークカジノ ボーナスd Sales of cutting tools
(5) Main shareholders ステークカジノ ボーナスd shareholding ratio Berkshire Hathaway Inc.:100.0%

3.NTK Cutting Tools CO., LTD profile (as of March 31, 2022)

(1) Compステークカジノ ボーナスy name NTK CUTTING TOOLS CO., LTD
(2) Location 2808, Iwasaki, Komaki, Aichi 485-8510 (in Komaki Plステークカジノ ボーナスt)
(3) Representative Minoru Koide
(4) Business description Production of cutting tools
(5) Date of Incorporation December 21, 2020
(6) Main shareholders ステークカジノ ボーナスd shareholding ratio    NGK SPARK PLUG CO., LTD : 100.0%

Location, Representative, Business description ステークカジノ ボーナスd shareholding ratio will be determined based on further discussion between IMC ステークカジノ ボーナスd NTK.