News

Establishment of a Forging Die Manufacturing Company in China

January 31, 2013

Okaya & Co., Ltd. has decided to establish a hot forging die manufacturing company jointly with Nankai Special Steel Co., Ltd. and Shanghai Utsuno Motorcar Mold Co., Ltd. in Shanghai City, People’s Republic of China.

The company aims to participate in the Chinese automotive industry expected to grow further in the future and satisfy needs from local users by supplying products made with Nankai Special Steel’s excellent technology through Shanghai Utsuno Motorcar Mold’s sales network.

1 Corporate name Nankai Okaya Mold (Shanghai) Co., Ltd
2 Location Shanghai City, People’s Republic of China
3 Business purpose Manufacture and sale of hot forging dies
4 Capital Equivalent to JPY 140 million
Nankai Special Steel Co., Ltd. 50%
Okaya & Co., Ltd. 43%
Shanghai Utsuno Motorcar Mold Co., Ltd. 7%
5 Establishment March 2013 (scheduled)
6 Begins operation May 2013 (scheduled)
7 President (part time) Miharu Fukuhara
(President of Nankai Special Steel Co., Ltd.)
8 CEO (full time) Chiaki Fukuhara
(Director of Nankai Special Steel Co., Ltd.)
9 Number of employees 20 employees (plan as of 2014)
10 Annual Sales (plan) JPY 350 million (fiscal year ending December 2014)
JPY 500 million (fiscal year ending December 2015)

For reference

Nankai Special Steel Co., Ltd.

- Location Sakai City, Osaka
- Business purpose Manufacture and sale of forging dies, die parts and others
- Capital JPY 16 million
- Establishment May 1950

Shanghai Utsuno Motorcar Mold Co., Ltd.

- Location Minhang, Shanghai City, People’s Republic of China
- Business purpose Design and production of cold press dies and others
- Capital US$600,000 (100% owned by Utsuno Mold Co., Ltd.)
- Establishment August 2004

Establishment of a Forging Die Manufacturing Company in China(20KB)