Press Kogyo Reinforces Overseas Operations by Setting up New Plant in US and New Joint Venture in China.Tokyo, Japan, Dec 7, 2005 - (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) ) - Press Kogyo announced on December 7 that it has undertaken measures to reinforce its overseas operations. In the US, the company's US subsidiary PK U.S.A. has established a new production facility in Mississippi by purchasing the Canton Welding welding, process for joining separate pieces of metal in a continuous metallic bond. Cold-pressure welding is accomplished by the application of high pressure at room temperature; forge welding (forging) is done by means of hammering, with the addition of heat. Operation plant of Nissan North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . With an annual production capacity of about $38 million, the new facility manufactures automobile parts. In addition to its existing three US plants, Press Kogyo aims to expand its presence in the US. In Asia, Press Kogyo established PK-UD AXLE axle Pin or shaft on or with which wheels revolve; with fixed wheels, one of the basic simple machines for amplifying force. Combined with the wheel, in its earliest form it was probably used for raising weights or water buckets from wells. , a joint venture it formed with Nissan Diesel Motor in Hangzhou, Zhejiang Province, China, on November 14. Capitalized at $7,680,000, the new company will manufacture axles for large trucks and buses. Press Kogyo owns a 55% stake in PK-UD AXLE while Nissan Diesel holds the remaining 45%. The new company aims to achieve about 6 billion yen ($50 mil An Internet address domain name for a military agency. See Internet address. (networking) mil - The top-level domain for entities affiliated with US armed forces. ) in annual sales. Commercial operation is slated for January 2007. Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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