Kyodo Industry Brief (May 18) -1-.TOKYO, May 18 Kyodo---------- Mitsubishi Heavy delivers 4 diesel generators to Palau TOKYO - Mitsubishi Heavy Industries Ltd. said Thursday it has delivered four diesel generators to Palau to help boost power supplies following a power plant fire last November. ---------- Major food maker Meiji to set up liquid diet factory TOKYO - Meiji Holdings Co. said Thursday its food business subsidiary Meiji Co. will set up a liquid food factory in Kaizuka, Osaka Prefecture, expecting demand amid an increase in the number of elderly people in need of nursing care. ---------- Uniqlo operator to set up China arm for expansion TOKYO - Fast Retailing Co., the operator of the Uniqlo casual clothing store chain, said Thursday it will set up a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in China in June to accelerate store openings in the country. ---------- Toyota to produce more electricity itself due to possible power shortages NAGOYA - Toyota Motor Corp. will increase the amount of electricity it can produce itself at its major plants in Aichi out of concern over possible power shortages because of the shutdown of all nuclear power plants throughout the country, a company official said Thursday. ---------- Honda relocates production of Super Cub scooter to China TOKYO - Honda Motor Co. said Thursday it has relocated production of the Super Cub 50 scooter fitted with a 50-cc engine to China and will release the new Chinese-made Super Cub model for the Japanese market on May 25. ---------- Japan Post to offer new financial services TOKYO - Japan Post Holdings Japan Post Holdings Co., Ltd. (日本郵政株式会社 Co. will apply by October for government authorization to offer new financial services, as permitted by the revised postal privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned law enacted in April, company president Jiro Saito said Thursday. ---------- (NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.japanportal.jp/industry/) |
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