OMRON Corporation Begins Full-scale Entry into Indian Market.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Feb 23, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - OMRON Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 6645; US: OMRNY), a US$5.5 billion Japanese manufacturer of automation and sensing products, has established OMRON Automation PVT Ltd. (hereafter In the future. The term hereafter is always used to indicate a future time—to the exclusion of both the past and present—in legal documents, statutes, and other similar papers. , OEP-IN), a new, wholly-owned subsidiary in New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , India. The move marks the beginning of a full-scale entry to the rapidly growing Indian factory automation (FA) market by OMRON's Industrial Automation Business (IAB (1) See Internet Architecture Board. (2) (Interactive Advertising Bureau, New York, www.iab.net) An industry association founded in 1996 to set standards and guidelines for interactive advertising and marketing. ). The new company will handle the sales and servicing of IAB's control equipment and is scheduled to start operations in April 2006. Fuelled by the country's dramatic economic expansion, India's FA market is growing rapidly, centered on the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Until now, IAB has serviced its Indian customers through a subsidiary in Singapore, OEP-SG, with representative offices engaged in promotional activities and product servicing in New Delhi, Bangalore and Mumbai. By establishing a local sales subsidiary with distribution rights, IAB aims to provide a more timely and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. level of customer support in order to increase its share in this burgeoning market. Takashi Kitagawa, President of OEP-IN said, "IAB has earmarked India as a market whose growth potential is second only to China, and we are confident that now is exactly the right time to be expanding our operations in the region. The establishment of this new sales subsidiary reflects our commitment to working more closely with our Indian customers. OEP-IN will offer a full array of control products including sensors
OMRON projects revenues of 1.2 billion yen from OEP-IN in fiscal 2006. Profile of Omron Automation India
Name OMRON AUTOMATION PVT LTD.
Location B-1/A-15 Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi 110044
Date established 18 January, 2006
Date of incorporation 1 April, 2006 (scheduled)
Capital US$ 250,000 (approximately 30,000,000 Japanese yen)
Capital Composition OMRON ASIA PACIFIC PTE. LTD.*- 96%
(*OMRON ASIA PACIFIC PTE. LTD. is a wholly-owned
subsidiary of Omron Corporation)
OMRON ELECTRONICS PTE. LTD.* - 4%
(*OMRON ELECTRONICS PTE. LTD is a wholly-owned
subsidiary of OMRON ASIA PACIFIC PTE. LTD.)
President Takashi Kitagawa
No. of employees Approximately 60 in fiscal 2006
Main business Sales of control system devices, technical support,
customer service
About OMRON Headquartered in Kyoto, Japan, OMRON Corporation is a global leader in the field of automation. Established in 1933 and headed by President Hisao Sakuta, Omron has more than 25,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components industries, and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ), Europe (Amsterdam) and US (Chicago). The European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. organisation has its own development and manufacturing facilities, and provides local customer support in all European countries. For more information, visit Omron's Web site at www.omron.com. Source: JCN http://www.japancorp.net Contact: For press related enquiries: Omron Corporation Corporate Brand Communications Department Takayuki Nakamura (takayuki_nakamura@omron.co.jp ) James Seddon (james_seddon@omron.co.jp ) Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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