| "Establishment of Sales Management Company for Southeast Asia" |
Sumitomo Construction Machinery Co., Ltd., (President: Kensuke Shimizu; Headquarters:
Shinagawa-ku, Tokyo) will establish a company to manage the company¡¯s sales and after service activities in Jakarta, Indonesia, in order to expand sales in the Southeast Asian region. The company to be established will have functions for promoting sales and managing the distributors of hydraulic excavators that will be produced at the company¡¯s manufacturing plant in Indonesia, which is scheduled to start operations in the Southeast Asian region in September 2011.
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1. Summary of company
(1) Business name: TBD.
(2) Headquarters location: Jakarta City, Indonesia.
(3) Capital: US$1 million (approx. JPY85 million).
(4) Shareholders: Sumitomo Construction Machinery Co., Ltd., 85% and Sumitomo Heavy Industries Co., Ltd., 15%.
(5) Purpose: Sales and after sales service for Sumitomo Construction Machinery products in the Southeast Asian region.
(6) Scheduled establishment date: December 2010.
(7) Number of employees: Ten persons to start (planned).
(8) Starting date of business operation: April 2011 (planned).
(9) Sales amount: Approx. JPY3.4 billion for FY2011.
2. Background of management company establishment
At the present time the company is selling hydraulic excavators, produced at its manufacturing plant in Chiba Prefecture, Japan, through distributors in individual countries of Southeast Asia. The company¡¯s manufacturing plant in Indonesia is scheduled to start operations in September 2011, with the aim of expanding sales in the Southeast Asian region, where future expansion is expected. This Southeast Asia sales management company, a direct affiliate of Sumitomo Construction Machinery, will enhance the local sales networks through sales promotions, as well as augment and improve the company¡¯s distributor in addition to after sales service networks in the Southeast Asian region for products from the manufacturing plant in Indonesia. The sales management company will be established in Jakarta City, Indonesia, the location with the highest market demand.
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