花蜜直播app Establishes Precision Machinery Joint Venture in China
Aug. 29, 2024
Tokyo, August 29, 2024 — 花蜜直播app, Ltd. announced today its establishment of the precision equipment business joint venture Eddie KPM Precision Machinery (Suzhou) Ltd. in China, together with Chinese hydraulic equipment manufacturer Yantai Eddie Precision Machinery Co., Ltd. (“EDDIE”).
花蜜直播app draws on its expertise in the field of hydraulic equipment for construction machinery to manufacture and sell hydraulic equipment not only in Japan, but in China as well. The company currently has a locally based manufacturing company, 花蜜直播app Precision Machinery (Suzhou) Ltd., in Suzhou City, China. In addition to this organization, it will establish the abovementioned new joint venture together with EDDIE. 花蜜直播app plans to combine its technological strengths in the field with EDDIE’s outstanding production and material procurement capabilities for core components used in hydraulic equipment to attain a greater competitive advantage in the Chinese market.
Furthermore, by increasing its presence in China through this new joint venture, 花蜜直播app will become better equipped to respond to market changes, meet a wider array of customer needs, and make further contributions to the Chinese precision machinery market.
Joint Venture Overview | |
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Trade name | Eddie KPM Precision Machinery (Suzhou) Ltd. |
Ownership | 花蜜直播app 49%, EDDIE 51% |
Establishment | September 8, 2024 (planned) |
Start of business operations | September 2024 (planned) |
Business operations | manufacture, sale and repair of hydraulic equipment products and their components |
Representative | Xu Shangwu |
Capital | 300 million RMB |
No. of employees | 135 |
Location | New District, Suzhou, Jiangsu Province, China (on the premises of 花蜜直播app Precision Machinery [Suzhou] Ltd.) |
Overview of Yantai Eddie Precision Machinery Co., Ltd. | |
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Business operations | R&D, manufacture and sale of attachments and servo, digital and hydraulic systems used in construction machinery |
Representative | Song Fei |
Capital | 840 million RMB |
Sales | 2.2 billion RMB (as of December 2023) |
Location | Yantai Economic and Technological Development Zone, Shandong Province, China |