ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Feb 28, 2023 11:00 JST
Source:
TANAKA PRECIOUS METAL GROUP Co., Ltd.
TANAKA Strengthens Electrical Contact Supply System in China by Making Metalor's Subsidiary in China a Wholly Owned Subsidiary to Enhance Production Capabilities
New company name is METALOR TANAKA Electrical Materials (Suzhou) Ltd.
TOKYO, Feb 28, 2023 - (ACN Newswire) - TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), one of the core companies of the Tanaka Precious Metals group based in Japan, announced today that it acquired all shares of Metalor Electrotechnics (Suzhou) Ltd. (hereafter, "Metalor Suzhou") held by its group company Metalor Technologies International SA (hereafter, "Metalor") on April 1, 2023. Metalor Suzhou is Metalor's subsidiary in China, and this acquisition of shares makes Metalor Suzhou a wholly-owned subsidiary of TANAKA Kikinzoku Kogyo. The subsidiary has been renamed METALOR TANAKA Electrical Materials (Suzhou) Ltd., and its system of directors will be changed.
Metalor Electrotechnics (Suzhou) Ltd. (From April 2023, METALOR TANAKA Electrical Materials (Suzhou) Ltd.)
Reasons for the Acquisition of Metalor Suzhou's Shares
In recent years, there have been increasing needs from major Chinese customers for local production of electrical contacts in China. Therefore, TANAKA aims to continuously expand business in China by integrating TANAKA Kikinzoku Kogyo's production knowledge with Metalor Suzhou's resources to expand production capabilities and build a system for stable supply. Furthermore, it will be an essential base for business expansion, using TANAKA's network to open new markets and gain new customers in Asia, which has prominent market growth. In 2024, a portion of TANAKA Kikinzoku Kogyo's electrical contact-related products will be transferred, and mass production will commence. It is expected that the new company's sales will double by 2030.
In addition, the system will be capable of supplying a broader range of products through collaboration with group company TANAKA Kikinzoku (Ningbo) Co., Ltd., which manufactures silver electrical contacts used in automotive components.
About Metalor Suzhou
Metalor Suzhou commenced operations in 2006 as Metalor's base for the manufacture and sales of electrical contacts for Asia and China. The company manufactures and sells electrical contacts and contact assemblies used mainly in circuit breakers and contactors. In 2014, the Metalor Suzhou plant was relocated to its current location in Wuzhong, Suzhou.
Outline of New Company (from April 2023)
- Company Name: English: METALOR TANAKA Electrical Materials (Suzhou) Ltd.
- Chairman (Representative Director): Tomoyuki Tada
- Location: 888 Wusong Road, Wuzhong Economic and Technological Development Zone, Suzhou, China
- Activities: Manufacture and sales of electrical contacts/wires and contact assemblies
About TANAKA Precious Metals
Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,225 employees, the Group's consolidated net sales for the fiscal year ending March 31, 2022, were 787.7 billion yen.*
*From the current consolidated fiscal year, the amounts of sales for some transactions are indicated as net values due to the application of the Accounting Standard for Revenue Recognition.
Global industrial business website
https://tanaka-preciousmetals.com/en/
Product inquiries
TANAKA Kikinzoku Kogyo K.K.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/
Press inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/
This press release in PDF:
https://www.acnnewswire.com/docs/files/20230228_EN.pdf
Source: TANAKA PRECIOUS METAL GROUP Co., Ltd.
Sectors: Metals & Mining, Electronics, Science & Nanotech, Engineering
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Mitsubishi Motors to Launch an All-New BEV Based on Nissan's Next-Generation LEAF in North America in the Second Half of 2026
May 08, 2025 11:25 JST
Mitsubishi Motors and Foxtron Sign MOU for OEM Supply of EV
May 08, 2025 11:08 JST
Everest Medicines Announces NMPA Full Approval of NEFECON, Broadening Treatment Access for IgA Nephropathy Patients in China
May 07, 2025 19:06 JST
Anime Tokyo Station: Mobile Suit Gundam GQuuuuuuX -Beginning- Special Exhibition
May 03, 2025 03:00 JST
TOYOTA GAZOO Racing Set for Spa spectacle
May 02, 2025 19:29 JST
FWD Group reports exceptionally strong first quarter new business update
May 02, 2025 17:00 JST
Toyota Mobility Foundation, Bangkok Metropolitan Administration, UN-Habitat, Asian Institute of Technology and Toyota Motor Thailand Sign a Letter of Intent (LOI) to Launch the TRUST Project for Road Safety in Thailand
May 01, 2025 17:48 JST
Katalon Officially Launches TrueTest(TM) - The First AI-Native Testing System That Thinks Like a Tester and Learns from Users
Apr 30, 2025 17:20 JST
Eisai Representative Corporate Officer and CEO Haruo Naito Awarded the Order of the Rising Sun, Gold and Silver Star
Apr 30, 2025 14:17 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of Large Car Ferry KEYAKI in Shimonoseki
Apr 29, 2025 17:24 JST
NEC DGDF Headquarters relocates to Zurich to accelerate growth and enhance management globally
Apr 28, 2025 16:03 JST
NEC achieves Japan's longest terrestrial wireless optical communication over 10 km
Apr 25, 2025 17:50 JST
Olympus Appoints New CEO
Apr 25, 2025 15:30 JST
DENSO Announces Year-End Financial Results
Apr 25, 2025 12:17 JST
DENSO and DELPHY Sign Memorandum of Understanding to Develop Data-Driven Smart Horticulture
Apr 24, 2025 18:43 JST
MyJCB App Wins "iF DESIGN AWARD 2025"
Apr 24, 2025 17:00 JST
Fujitsu launches new company 1FINITY to strengthen network products business
Apr 24, 2025 16:24 JST
MHIEC Completes Renovation of Core Facilities for Arita Municipal Recycle Plaza in Saga Prefecture
Apr 24, 2025 15:01 JST
NEC invests in U.S.-based "Geodesic Alliance Fund" aiming to strengthen economic security business
Apr 24, 2025 10:23 JST
MHI Thermal Systems Wins German Red Dot Design Award 2025
Apr 24, 2025 10:11 JST
More Latest Release >>
Related Release
TANAKA's Group Company EEJA to Exhibit at 39th NEPCON JAPAN
January 15 2025 10:00 JST
TANAKA Announces "TK-SK" Palladium Alloy for Semiconductor Test Equipment
October 17 2024 10:00 JST
TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants
March 29 2024 10:00 JST
TANAKA Holdings gibt Finanzierung fur den Bau eines neuen Hauptsitzgebaudes durch einen Green Loan bekannt
March 26 2024 18:00 JST
TANAKA Establishes Production System in China for Fuel Cell Electrode Catalysts
September 12 2023 10:00 JST
TANAKA Precious Metals to Establish Global Recycling Network, Promoting Worldwide Recycling of Precious Metals
August 31 2023 20:00 JST
TANAKA Contributes to Venture Capital Fund "DMC No. 1 Investment Limited Partnership" Aiming to Establish a Medical Venture Ecosystem in Japan
December 20 2022 10:00 JST
TANAKA Memorial Foundation to Offer Precious Metals Research Grants of up to 5 Million Yen
September 01 2022 10:00 JST
TANAKA Starts Taking Orders for Gold Bonding Wires Using "RE Series" 100% Recycled Precious Metals
August 30 2022 10:00 JST
TANAKA to Establish New Building at Hukou Plant, Expanding Its Precious Metal Recycling Business in Taiwan
July 21 2022 10:00 JST
More Press release >>