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Establishment of Dong Guan Nikon Surveying Instruments Co., Ltd
October 8, 2002
Nikon Geotecs Co., Ltd. (Takeshi HIRAI, President)*1 and Asia Optical International Ltd. (Head office: The Virgin Islands)*2 have established ‘Dong Guan Nikon Surveying Instruments Co., Ltd’ in Dong-Guan City, Guang Dong Province, China and its operation will start around the middle of October 2002.
This new company will deal with Nikon surveying instruments (Total stations, Theodolites) and be in charge of manufacturing. The new company will enhance the cost position of Nikon Geotecs's business, and urge further penetration into the emerging and potential Chinese market.
- (*1)The subsidiary company of Nikon Corporation dealing with surveying instruments
- (*2)The subsidiary company of Asia Optical Co., Inc. (Head office: Taiwan)
Outline of the new Company:
| Name | Dong Guan Nikon Surveying Instruments Co., Ltd |
|---|---|
| Chairman | Robert Lai (President of Asia Optical Co., Inc.) |
| President | Tatsuo TAKAHASHI (Member of the Board of Nikon Geotecs Co., Ltd.) |
| Address | Xiao-Bian The Second Industry Zone, Chang-An Town Dong-Guan City, Guang Dong Province, China |
| Main business | Manufacturing surveying instruments (Total stations, Theodolites), parts procurement |
| Capital | US$2 million |
| Ratio of Investment | Nikon Geotecs Co., Ltd. 60%, Asia Optical International Ltd. 40% |
| Establishment | July 2002 |
| Start of operation | Middle October 2002 |
| Sales target | JPY500 million for the fiscal year ending Dec. 31, 2003, JPY1,500 million for the fiscal year ending Dec. 31, 2005 |
| Estimated quantity of products | Approx. 3,000 for the fiscal year ending Dec. 31, 2003, approx. 10,000 for the fiscal year ending Dec. 31, 2005 |
| Number of employees | Approx. 30 at the beginning, approx. 100 for the fiscal year ending Dec. 31, 2005 |
- The information is current as of the date of publication. It is subject to change without notice.