August 26, 2016
Doc. No.: NR160826-8E
SCREEN Establishes Subsidiary in Shanghai for Finetech Solutions Business
New Company Is Expected to Strengthen Sales Network for Display Manufacturing Equipment in Chinese Market
Kyoto, Japan – August 26, 2016 – SCREEN Holdings Co., Ltd. has established a company in Shanghai, China to handle sales and maintenance services related to its finetech solutions business. SCREEN Finetech Solutions Shanghai Co., Ltd. will be positioned as a subsidiary of SCREEN Finetech Solutions Co., Ltd., a core member of the SCREEN Group. The company is scheduled to begin operations from September 1, with the goal of strengthening sales in the Chinese display market.
In recent years, the display industry has seen highly favorable improvements in sales of devices such as large screen LCD televisions, smartphones and tablets in China. While local display manufacturers have been investing heavily in plant and equipment, Taiwanese, Korean and other companies have also established a significant presence in the market. For manufacturers of display production equipment, this has in turn created a growing need to set up streamlined, high-performance sales networks and localized maintenance systems.
Newly established SCREEN Finetech Solutions Shanghai Co., Ltd. will perform sales and maintenance services in China for the display manufacturing and other equipment handled by SCREEN Finetech Solutions Co., Ltd. The strengthening of equipment sales and support functions enabled by the creation of the company is expected to significantly increase the quality and specialization of services available to SCREEN customers that are expanding their operations in China. The development is a further step in SCREEN’s ongoing plan to increase the satisfaction of its customers.
SCREEN anticipates the establishment of SCREEN Finetech Solutions Shanghai Co., Ltd. will allow it to provide customers with highly detailed maintenance services. This level of support will also make a significant contribution to the expansion of the display industry as it continues to grow.
Profile of new company
|Name||:||SCREEN Finetech Solutions Shanghai Co., Ltd.|
|Location||:||Room 301, AETNA TOWER, No. 107, Zunyi Road, Shanghai 200051|
|Incorporation||:||September 1, 2016|
|Capital||:||85.2 million yen, (US$800,000) (subsidiary with 100% investment by SCREEN Finetech Solutions Co., Ltd.)|
|Chief officers||:||Yasumasa Shima, president
Naohisa Okada, vice-president
Toshio Hiroe, director (adjunct)
Seiji Ueno, director (adjunct)
Ichiro Takada, director (adjunct)
Yoshiyuki Hashimoto, corporate auditor (adjunct)
|Main activities||:||Sales, installation, adjustment, repair, modification and parts sales related to display manufacturing equipment|
Information contained in the news release are current on the date of publication, but may be subject to change without notice.