OKI Starts Operation at its Wholly-owned Subsidiary in China that Develops and Manufactures Telecom Equipment
TOKYO, May 20, 2008 -- OKI announced it has bought out its partner's share of Changzhou OKI-GEG Telecoms Ltd, a joint company established in 1997 by OKI and Jiangsu Guoguang Electronic Information Technology Co., Ltd. Buying out the share owned by GEG, OKI becomes the 100% owner of the company which is now named OKI Telecommunications Technology (Changzhou) Co., Ltd. (OTTC). With this wholly-owned subsidiary, OKI establishes a consolidated structure for its telecommunication hardware equipment business covering design and production through to sales.
"In 2002 at the same location as OTTC, OKI established OKI Software Technology Co., Ltd., a subsidiary to offer telecommunication equipment software. Now with the two wholly-owned subsidiaries in Changzhou, OKI has established a consolidated structure to develop, manufacture and sell telecommunication equipment hardware and software," said Masashi Tsuboi, General Manager of Global Business Division at OKI. "With this new structure, by 2010 we aim to double our sales at OTTC compared to our last fiscal year ending March 2008."
By consolidating its resources in system integration, customer support and sales, which had been dispersed among various companies, OKI will provide total solutions, including intellectual assets, to its customers
About OKI Telecommunications Technology (Changzhou) Co., Ltd.
- Capital
- 7.3 million USD (wholly owned by OKI)
- Address
- 93 Qingtan Road, Changzhou City, China
- Representatives
- Chairman: Tetsuo Kawaguchi
President: Muneaki Mada - Business operation
- Develop, manufacture, sell and provide maintenance for key telephone systems, PBX and other info-telecom equipment
Manufacture and provide maintenance for power supply and printer components - Number of employees
- Approx. 400
- Effective date
- May 7, 2008
About Oki Electric Industry Co., Ltd.
Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. OKI provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses function as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit OKI's global web site at http://www.oki.com/.
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