Notice Regarding Shutdown of Nissha Subsidiary Factory
June 30, 2016
Nissha Printing Co.,Ltd.
Nissha Group company Nitec Industries, Inc. (hereinafter “Nitec Industries”) has decided to shut down one of its production bases, the Tsu Factory, as of June 30, 2016.
The Nitec Industries Tsu Factory went online in April 2010 as a mass-production site of the Nissha Group’s Industrial Materials business. With changes in demand for its main product line, molded plastic parts used in products such as notebook PCs, however, functions will be integrated into the Koka Factory toward building a more streamlined production system.
Nissha Printing Co., Ltd. plans to convert the site into a production base of its Devices business with the aim of starting operations in the first quarter of the fiscal year ending on March 31, 2018. Details will be provided in due course.
The impact of the factory shutdown on Nissha’s consolidated business results is expected to be minor.
The Nitec Industries Tsu Factory went online in April 2010 as a mass-production site of the Nissha Group’s Industrial Materials business. With changes in demand for its main product line, molded plastic parts used in products such as notebook PCs, however, functions will be integrated into the Koka Factory toward building a more streamlined production system.
Nissha Printing Co., Ltd. plans to convert the site into a production base of its Devices business with the aim of starting operations in the first quarter of the fiscal year ending on March 31, 2018. Details will be provided in due course.
The impact of the factory shutdown on Nissha’s consolidated business results is expected to be minor.
Outline of Nitec Industries
| Name | Nitec Industries, Inc. |
|---|---|
| Head office location | 3-24-1 Namikawa, Oi-cho, Kameoka-shi, Kyoto |
| Representative | Toshiaki Eguchi, Representative Director |
| Scope of business | Production of decorative film (IMD foil, general transfer foil, etc.) |
| Capital | 12 million yen (wholly owned subsidiary of Nissha Printing Co., Ltd.) |
| Established | December 22, 1999 |
Outline of Nitec Industries Tsu Factory
| Location | 2-1-2 Anotsudai, Tsu-shi, Mie |
|---|---|
| Site area | 60,000 m2 |
| Floor area | 1F: 14,700 m2 2F: 7,400 m2 |
| Product lines | IMD foil for notebook PCs, etc. |
| Start of operations | April 1, 2010 |
Nitec Industries Tsu Factory
The content of the web is information at press time, may change thereafter without notice. Due to risks and uncertainties, predictions may differ from actual results. Please be forewarned.
