Nippon Light Metal Co, Ltd.
Sumikei-Nikkei Engineering Co., Ltd.
Notice of Name Change by Sumikei-Nikkei Engineering Co., Ltd.
Nippon Light Metal Co., Ltd. (head office: Minato-ku, Tokyo; President and CEO: Ichiro Okamoto) announces that the general shareholders meeting of its subsidiary, Sumikei-Nikkei Engineering Co., Ltd. (head office: Koto-ku, Tokyo; President: Shigeki Aoyama), adopted a resolution at the meeting held today to change the company's name as indicated below:
Sumikei-Nikkei Engineering was established on August 1, 2000 with equal equity contributions by Sumitomo Light Metal Industries, Ltd. (currently UACJ Corporation) and Nippon Light Metal and has conducted business primarily in public projects. On September 28, 2018, additional Sumikei-Nikkei Engineering shares were acquired from UACJ Corporation, and Sumikei-Nikkei Engineering became a subsidiary of Nippon Light Metal. Changing Sumikei-Nikkei Engineering's name will reinforce the idea of collaboration as a member of the Nippon Light Metal Group and encourage additional growth. |
(1) Trade name | : | Sumikei-Nikkei Engineering Co., Ltd. | |
(2) Address | : | 2-35-13 Kameido, Koto-ku, Tokyo | |
(3) Representative | : | Shigeki Aoyama | |
(4) Date of incorporation | : | August 1, 2000 | |
(5) Capital | : | 480 million yen | |
(6) Shareholder composition (as of September 28, 2018) |
: |
Nippon Light Metal: 81% UACJ Corporation: 19% |
Notice of Name Change by Sumikei-Nikkei Engineering Co., Ltd. (PDF)
Contact
Public Relations Department Nippon Light Metal Co., Ltd. TEL: +81-3-6810-7160 |
|||
Corporate Planning Division Sumikei-Nikkei Engineering Co., Ltd.n TEL: +81-3-5628-8536 |
]]>
Nippon Light Metal Holdings Company, Ltd.
Nippon Light Metal Company, Ltd.
Nikkeikin Aluminium Core Technology Company, Ltd.
ITOCHU Metals Corporation
Notice of Establishment of a Joint Venture Company in North America
Nippon Light Metal North America, Inc. (headquarters: Ohio, U.S.A.; President: Katsu Nakajima; hereinafter referred to as “NLMNA”), a wholly owned subsidiary of Nippon Light Metal Co., Ltd., and ITOCHU Metals Corporation (headquarters: Minato-ku, Tokyo; President & CEO: Tsuguyoshi Nakatani; hereinafter referred to as “ITOCHU Metals”) have reached an agreement to establish a joint venture company in the United States to be engaged in development, manufacturing and distribution of aluminum components for automobiles.
In the medium-term management plan that began in fiscal 2019, Nippon Light Metals Group has defined “allocation of resources aimed at growth” as one of the pillars of its basic policy, setting the target of allocating resources more aggressively in business fields and regions that can leverage the Group’s strengths. Meanwhile, within Nippon Light Metals Group, Nikkeikin Aluminium Core Technology Company, Ltd., the Group’s core processing company, has been driving the business of manufacturing and distribution of aluminum components for automobiles in Japan and China. As tighter environment regulations are implemented around the world and the need for lighter-weight vehicles grows, it is expected that demand for aluminum products will also expand further in North America. In establishing a new base in North America, Nippon Light Metals Group will seek to strengthen its global supply structure by drawing on ITOCHU Metals’ business experience and network, and will strive to achieve further growth and business expansion as a corporate group that continues to create new value for its customers. |
Name | : | Nippon Light Metal Georgia, Inc. (NLMGA) | |
Date of establishment | : | November 2019 (scheduled) | |
Location | : | Adairsville, Georgia, U.S.A. | |
Capital | : | USD16 million (JPY1, 760 million at JPY110 /USD1) | |
Shareholder composition | : | NLMNA - 90%; ITOCHU Metals - 10% | |
Representative | : | Katsu Nakajima President | |
Description of business | : | Aluminum suspension components for automobiles | |
Capital investment | : | JPY5 billion (aggregate for the period up to 2024) | |
Business scale | : | JPY8 billion (2027 plan) |
November 2019 | Establishment of joint venture company | ||
January 2020 | Commencement of new plant construction | ||
2022 | Commencement of full operations (scheduled) |
Trade name | : | Nippon Light Metal North America, Inc. | |
Location | : | Ohio, U.S.A. | |
Representative | : | Katsu Nakajima, President | |
Established | : | April 24, 2017 | |
Capital | : | USD0.5 million (Nippon Light Metals Company, Ltd. 100%) |
Trade name | : | ITOCHU Metals Corporation | |
Head office address | : | 5-1 Kita-Aoyama 2-chome, Minato-ku, Tokyo | |
Representative | : | Tsuguyoshi Nakatani, President & CEO | |
Established | : | July 1996 | |
Capital | : | JPY700 million (ITOCHU Corporation 100%) |
Notice of Establishment of a Joint Venture Company in North America (PDF)
Contact
Public Relations Office Nippon Light Metal Co., Ltd. (Tel +81-3-5461-9333) |
|||
Corporate Planning & Administration Division ITOCHU Metals Corporation (Tel +81-3-3497-7137) |
]]>
Nippon Light Metal Holdings Co., Ltd.
Notice of Decision Concerning the Date for Relocation of Office
As previously announced on September 27, 2018, Nippon Light Metal Holdings Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo; President and CEO: Ichiro Okamoto) and some of its group companies intend to relocate their office functions from Shinagawa-ku, Tokyo, to Minato-ku, Tokyo. The date of this relocation has now been decided, as indicated below.
1.Date of relocation: December 3, 2019 (Tue)
2.Details of relocation
Address: 1-1-13 Shimbashi, Minato-ku, Tokyo 105-8681 Japan | |||
Building name: Urbannet Uchisaiwaicho Building | |||
Number of floors: 27 floors above ground, two basement levels (The Nippon Light Metal Holdings Group will occupy floors 6 to 16) | |||
TEL.: +81-3-6810-7100 (Company representative) |
Notice of Decision Concerning the Date for Relocation of Office (PDF)
Contact: Public Relations and Investor Relations
Nippon Light Metal Co., Ltd.
TEL.: +81-3-5461-9333
News Release
Nippon Light Metal Co., Ltd.
Conversion of Nikkei Heat Exchanger Company, Ltd. into a Subsidiary
Nippon Light Metal Co., Ltd. (headquarters: Shinagawa-ku, Tokyo; President: Ichiro Okamoto; hereinafter referred to as NLM) today announced that it has reached agreement with Modine Manufacturing Company (headquarters: Racine, Wisconsin, USA) concerning acquisition of shares of Nikkei Heat Exchanger Company, Ltd. (headquarters: Shizuoka City, Shizuoka Prefecture; President: Hiroyoshi Suzuki; hereinafter referred to as Nikkei Heat Exchanger) premised on making Nikkei Heat Exchanger into a wholly-owned subsidiary. The details are set forth below:
1. Objective of conversion of Nikkei Heat Exchanger into a subsidiary
The Nippon Light Metal Group seeks to achieve even further growth as a corporate group that continues to create new value for customers.
Nikkei Heat Exchanger engages in the heat exchanger business in the automotive field. Making the company into a wholly-owned subsidiary, in the thermal device field, which is expected to undergo further expansion in the eco-car field associated parts and other areas, by combining technological and development capabilities with those of the Nippon Light Metal Group and further strengthening collaboration accelerates the creation of new products and new business and the Group’s corporate value will be increased through the creation of value for customers.
2. Corporate Profile
(1) | Company name: | Nikkei Heat Exchanger Company, Ltd. |
(2) | Registered address: | 161 Kambara, Shimizu-ku, Shizuoka City, Shizuoka Prefecture (on the grounds of the Nippon Light Metal Kambara Heat Exchange Product Plant) |
(3) | Representative: | Hiroyoshi Suzuki |
(4) | Establishment: | April 4, 1987 |
(5) | Capital: | 450 million yen |
(6) | Shareholders: | Nippon Light Metal Co., Ltd.: 50% Modine Manufacturing Company: 50% |
(7) | No. of employees: | 35 (as of July 2019) |
(8) | Lines of business: | Design, manufacture, and sale of heat exchangers |
3. Outline of acquisition of shares
(1) | Acquisition date: | End of August, 2019 (scheduled) |
(2) | Ownership after share acquisition: | 100% |
4. Future Outlook
The impact on consolidated financial results from the share acquisition is expected to be de minimis, but if it becomes clear that there will be a material impact, notice will be provided in a timely manner.
Conversion of Nikkei Heat Exchanger Company, Ltd. into a Subsidiary (PDF)
For inquiries about this news release, please contact:
Tel: +81-3-5461-9333
Public Relations Office
Nippon Light Metal Co., Ltd.
]]>
Notice of Move to New Offices
Nippon Light Metal Holdings Co., Ltd. (headquarters: Shinagawa-ku, Tokyo; President and CEO: Ichiro Okamoto) and some of its group companies will move their office functions from Shinagawa-ku, Tokyo, to Minato-ku, Tokyo.
The move to new offices will promote the facilitation of group communication and collaboration, with the aim of further growth as a corporate group that will continue to create new value for clients.
1. Outline of the move
Planned new address: 1-1-13 Shimbashi, Minato-ku, Tokyo
Building name: Urbannet Uchisaiwai-cho Building
Date of move: End of 2019
2. Effect on business performance
There is no change to the company’s earnings forecast as the effects of this move on consolidated
earnings will be insignificant.
Contact: |
Public Relations and Investor Relations |
The Applied Research Results of New oxidizer “SHC5” is Reported in “Organic Process Research & Development” and “Chemical & Engineering News”.
【LINKS】
■The article in “Organic Process Research & Development (OPR&D)” which is the journal of ACS
http://pubs.acs.org/doi/pdfplus/10.1021/acs.oprd.7b00288
■The article in “Chemical & Engineering News (C&EN)” which is the trade journal of ACS
http://cen.acs.org/articles/95/web/2017/11/Supercharged-bleach-powers-greener-oxidations.html
■The information of SHC5, Sodium HypoChlorite Penta(5)hydrate
https://www.nikkeikin.com/SHC5/index.html
|
Contact :
Nippon Light Metal Co., Ltd. Chemicals Division Tel : +81-3-5461-8565 (JAPAN)
Nippon Light Metal Co., Ltd.
Conversion of Toyo Rikagaku Kenkyusho Co., Ltd. into a Subsidiary
Nippon Light Metal Co., Ltd. (Shinagawa-ku, Tokyo, President: Ichiro Okamoto; hereinafter referred to as NLM) today announced that it has concluded and executed share transfer agreements with major shareholders of Toyo Rikagaku Kenkyusho Co., Ltd. (Tsubame City, Niigata Prefecture, President: Takeshi Shimakura; hereinafter referred to as Toyo Rika) in order to convert it into a subsidiary (51.6% ownership) through the additional acquisition of 28% of the outstanding shares of Toyo Rika. The details are described below.
1. Background and objective of conversion of Toyo Rika into a subsidiary
As expressed by its corporate slogan—“Aluminum is our foundation. We will use it as a springboard to new heights.”—NLM has been a fully integrated aluminum manufacturer offering diverse products ranging from aluminum raw materials to fabricated products since its foundation.
On the other hand, possessing the world’s leading surface decoration technology and superior quality control for non-ferrous metal fabrication, Toyo Rika is a comprehensive manufacturer with integrated production lines handling die design, pressing, welding, assembly, surface treatment, and fabrication of finished products.
NLM and Toyo Rika had been cultivating a collaborative relationship in terms of both operations and capital. The business tie-up between the two companies started in September 2011. NLM acquired 23.6% of the outstanding shares of Toyo Rika in November 2013 and made it an equity-method affiliate of NLM.
The conversion of Toyo Rika into a subsidiary is expected to lead to synergistic benefits through the greater use of the NLM Group’s business network and management resources in Japan and overseas and of Toyo Rika’s management resources in Japan and China. NLM and Toyo Rika will reinforce their partnership through strategic initiatives, including integration of their resources.
We offer solutions to meet increasingly diverse and specialized customer needs by creating customer value from a new perspective encompassing everything from materials to fabrication, based on the NLM Group’s expertise in materials and Toyo Rika’s non-ferrous metal fabrication technology.
2. Profile of Toyo Rikagaku Kenkyusho Co., Ltd.
(1) | Company name: | Toyo Rikagaku Kenkyusho Co., Ltd. |
(2) | Address: | 1961 Somagi, Tsubame City, Niigata Prefecture 959-1284, Japan |
(3) | Representative: | Takeshi Shimakura, Chief Executive Officer |
(4) | Establishment: | April 5, 1950 |
(5) | Capital: | 855.55 million yen |
(6) | Number of employees: | 283 (as of December 2014) |
(7) | Net sales: | 6.4 billion yen (forecast for fiscal 2014) |
(8) | Lines of business: | Manufacturing of metal products (IT device enclosures, optical equipment enclosures, automobile equipment, various containers, sheet metal building materials, etc.) Metal surface treatment (stainless steel, aluminum, titanium, etc.) |
3. Outline of acquisition of shares
(1) | Number of shares acquired: | 596,682 shares |
(2) | Date of acquisition: | January 20, 2015 |
(3) | Ownership after share acquisition: | 51.6% |
(4) | Number of shares after share acquisition: | 1,099,123 shares |
4. Other information
Toyo Rika has a subsidiary in China and its profile is as described below:
(1) | Company name: | Toyo Precision Appliance (Kunshan) Co., Ltd. |
(2) | Registered address: | Kunshan Economic & Technical Development Zone, Jiangsu Province, People’s Republic of China |
(3) | Representative: | Ichiro Kobayashi |
(4) | Establishment: | March 2004 |
(5) | Capital: | 28 million US dollars |
(6) | Shareholders: | Toyo Rikagaku Kenkyusho Co., Ltd. 70%, Coxon Precise International Ltd. 30% |
(7) | Number of employees: | 2,140 (as of December 2014) |
(8) | Net sales: | 8.7 billion yen (forecast for fiscal 2014) |
(9) | Lines of business: | Manufacturing of IT device enclosures etc. |
For inquiries about this news release, please contact:
Tel: +81-3-5461-9333
Public Relations Office
Nippon Light Metal Co., Ltd.
]]>Nippon Light Metal Co., Ltd. (Shinagawa-ku, Tokyo, President: Takashi Ishiyama; hereinafter referred to as NLM) concluded a joint venture agreement on November 12, 2012, with Huafon Aluminum Co., Ltd. (Jinshan District, Shanghai city, People’s Republic of China, President: You Xiaohua; hereinafter referred to as Huafon Aluminum), agreeing to acquire a 33.4% equity stake in Huafon Aluminum through subscription to a third-party allocation of shares by Huafon Aluminum. Huafon previously received approval from the Shanghai Municipal Commission of Commerce to operate as a foreign-investment company.
Moreover, through collaboration with Nikkei Siam Aluminum Limited (headquarters: Bangkok, Thailand; president: Shunichi Sugita; 100% owned by NLM), which, with the completion of its investment in expanding its facilities, has heightened its competitiveness, the three companies will establish a wide-reaching production and marketing network with three hubs in Japan, China, and Thailand, allowing them to provide a stable supply of trusted products to the promising and burgeoning markets in China and the ASEAN countries.
As for the name for the company with the new infusion of capital by NLM, so that their customers will recognize their product brands, both companies have agreed on the name Huafon Nikkei Aluminum Co., Ltd. They are planning to reach an annual production of 100,000 tons and achieve annual sales of 31 billion yen by 2016.
The NLM Group is committed to its aim of being a continuously growing and strong corporate group by furthering its positive investments in management resources in order to enter new markets and expand its presence in the domestic market, which is expected to grow.
Trade name: | Huafon Group Co.,Ltd. | |
Location: | Ruian City, Zhejiang Province | |
Established: | 1991 | |
Capital: | 1.4 billion yuan (approximately 21 billion yen) | |
No.of employees: | 6,000 (consolidated basis) | |
Main products: | Polyurethane, spandex, and other chemical products |
Trade name: | Huafon Nikkei Aluminum Co., Ltd. | |
Location: | Jinshan District, Shanghai city | |
President: | You Xiaohua | |
Capital: | 600 million yuan (approximately 9 billion yen) | |
Investment ratio: |
Huafon Group Co.,Ltd.: 54.1% |
|
No.of employees: | 426 | |
Description of business: | Production and marketing of rolled aluminum products |
In addition, a number of officials and employees are scheduled to be dispatched from Nippon Light Metal.
For inquiries about this news release ,please contant:
+81-3-5461-9333 Public Relations Office,Nippon Light Metal Co.,Ltd.
1. In the best condition using large-sized panels, installation load is reasonable because it is as light as approx. 1.5 kg/m2.
2. Assembly of frames requires no construction machinery and is performed very efficiently, that is to say four persons can assemble solar panels of 100 kW per day.
3. Panels can be quickly and easily installed because installation is done from the upper place.
The name of the developed product was decided to be ALSOL MEGA (trademark applied) by relating already commercialized ALSOL to MEGA of mega solar panels. Our target sales amount is 1 billion yen in FY 2012 and 3 billion yen in FY 2015.
NLM ECAL Co., Ltd.
Nikkei Sangyo Co., Ltd.
Nikkeikin Aluminium Core Technology Co., Ltd.
Nikkei Extrusions Co., Ltd.
Sumikei Nikkei Engineering Co., Ltd.
Riken Light Metal Industrial Co., Ltd.
Nippon Light Metal Co,. Ltd. (Random order)
Inquiry for products
Naito or Yajima, Product Business Strategy Project Section, Nippon Light Metal Co., Ltd. Tel: +81-3-5461-8875
Inquiry for release
Publicity and IR Section, Nippon Light Metal Co., Ltd. Tel: +81-3-5461-9333
We report that Nikkei MC Aluminum Co., Ltd., a subsidiary company of Nippon Light Metal Co., Ltd., (ownership ratio: Nippon Light Metal Co., Ltd., 55% and Mitsubishi Corporation 45%; hereafter NMA), has agreed with Century Metal Recycling Private Ltd. (hereafter CMR), one of the largest aluminum alloy manufacturers in India, that they will jointly establish and operate a manufacturing and sales company for aluminum alloys in northern India, and NMA made a joint venture contract with CMR on July 25 this year.
Since, in India, the development of automotive industries has resulted in the rapid growth of the aluminum alloy market in recent years, NMA has carefully studied entry into the Indian markets. The joint venture agreed to this time is considered to give major advantages to both parties because NMA can have a hub in India and CMR is capable of exploring the customers of Japanese-origin companies.
NMA has a policy of using this joint venture as a foothold to participate in the Indian aluminum alloy markets where remarkable growth is expected and to take the opportunity for growth in India to deal with the needs of alloy development for customers who have newly established companies in India.
(1)Date of establishment (planned): September 2012
(2)Trade name: CMR Nikkei India Private Ltd.
(3)Capital: 250 million rupee (about 380 million yen)
(4)Investment ratio: NMA 26% and CMR 74%
(5)Location: Bawal, Rewari District, State of Haryana, India
(6)Manufacturing and selling product: Aluminum alloys
(7)Production capacity: 42,000 tons/year
(8)Capital expenditure: approx. 470 million rupees (about 700 million yen)
(9)Site area: 20,000m2
(10)Manufacture and sales start date: October 2013
Publicity and IR Section, Nippon Light Metal Co., Ltd. Tel: +81-3-5461-9333
General Affairs Department, Nikkei MC Aluminum Co., Ltd. Tel: +81-3-5297-5800
(1) Trade name: Nikkei MC Aluminum Co., Ltd.
(2) Location: Kajimachi 2-6-2, Chiyoda-ku, Tokyo
(3) Position and name of representative: President and CEO Shozo Hamamura
(4) Capital: 1 billion yen
(5) Contents of business: Manufacture and sales of aluminum alloys
(6) Production capacity: 138,000 tons per year in Japan and 102,000 ton per year overseas (US, Thailand, and China)
(7) Sales amount (FY 2011): 47.2 billion yen (consolidated) and 31.6 billion yen (single)
(1) Trade name: Century Metal Recycling Private Ltd.
(2) Location: Palwal, Faridabad District, State of Haryana, India
(3) Position and name of representative: President and CEO Mohan Agarwal
(4) Capital: 60 million rupee (about 90 million yen)
(5) Contents of business: Manufacture and sales of aluminum alloys
(6) Production capacity: 128,000 tons/year
(7) Sales amount (FY 2011): 9.7 billion rupees (about 14.5 billion yen)