Oki Electric Establishes a Keyboard Manufacturing and Sales Company in China
Tokyo, Japan, May 31, 2004 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced the establishment of a new keyboard manufacturing and sales company: Oki Electric Technology (Kunshan) Co., Ltd., in Kunshan City, Jiangsu Province, China. This new company, a wholly owned subsidiary of Oki Electric Industry, will manufacture high function keyboards for mobile laptop PCs and deploy sales worldwide. Starting production from June 1, 2004, the company will target to hold 20% of the worldwide laptop PC keyboard market share by the fiscal year ending March 2006, and to manufacture 2.4 million keyboards per year.
"Since 1970, when Oki started its keyboard design, development and sales, our keyboards have been highly evaluated from customers with its technology to make them light and thin without losing functionality," said Yutaka Maeda, Senior Vice President of Oki Electric, responsible for the company's Chinese business activities. "As the production demand increases, we found it necessary to expand the organization. We established this new company in Kunshan City to improve our keyboard production efficiency and to further enhance the link with PC manufactures who are concentrated in the Yangtze River Delta."
Oki's keyboard business basis was originally located in Taiwan, which was moved to China several years ago to further expand sales and production. By working closely with manufacturing partners, the new company will focus on manufacturing thin and light keyboards for mobile laptop PCs, which is rapidly increasing in the keyboard market. It will keep a user support basis in Shanghai and deploy sales activities towards the Japanese, Chinese, Taiwanese and Korean markets.
[About Oki Electric Technology (Kunshan) Co., Ltd.]
| Company Address: | Kunshan Hi-tech Industrial Park, Yucheng Road, Kunshan City, Jiangsu Province, China
Phone:0512-5755-9068 |
| President: | Haruo Kimura |
| Number of Employees: | Approx. 30 |
| Establishment: | May 12, 2004 |
| Investor: | Oki Electric Industry Co., Ltd. 100% |
| Capital: | $ 750 thousand (US) |
| Production Item: | Keyboards |
| Production Scale: | 2.4 million keyboards a year (Plan for the fiscal year ending March 2006) |
About Oki Electric Industry Co., Ltd.
Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarter in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki Electric provides top-quality products, technologies and solutions to its customers through its telecommunications systems, information systems and electronic devices segments. All three segments are integrated into one effective organization that functions as a collective force to create exciting new products and technologies, including information and telecom converged solutions. Through its business activities, Oki Electric satisfies a spectrum of customer needs in various markets.
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