July
29, 2004
Establishment
of joint company and construction of a new factory in China
Nippon Suisan Kaisha, Ltd. (Naoya Kakizoe, President & CEO) has established
a joint company in June 2004 and will build a new plant in Qingdao city,
Shandong, China as part of its efforts to improve efficiency and strengthen
its production capacities of the group.
The new join company will serve as a food processing base with the largest
production capacities of the group, targeting the global market with marine
products as a pillar. Its factory is scheduled to start operations in
March 2005 (the first stage).
Nippon Suisan is aiming to “create new value that will be appreciated
by customers through its wealth of knowledge and technology accumulated
over the years based on marine resources and take a strong leadership
role, growing together with our customers in Japan and throughout the
world, by enhancing our capabilities and strength as a producer in the
area”, under its medium-term plan, titled the Toward Global Links (TGL)
plan.
The new plant will serve as the major production base that handles
both marine products and foods, promoting links between group companies,
as one of the global supply chain, along with outlined policies in our
plan.
| Profile of a joint company |
| Established: |
June 16, 2004 |
| Name of the company: |
Shandong Sanfod Nissui., LTD |
| Capital: |
70 million yuan = 918 million yen |
| Stake holders: |
Nippon Suisan Kaisha: 40% (28 million yuan = 367 million yen) and
Shandong Sanfod: 60% |
| Location: |
Qingdao Economic & Technical Development Zone, Huangdao, Qingdao
city, Shandong, China |
| Business activities: |
Processing of foods, Import and export of products |
| Representative Officer: |
Teng Haibo |
| Launch of product sales: |
scheduled to commerce in March 2005 |
| Sales target: |
around 9.5 billion yen in fiscal 2005 and around 12.0 billion yen
in fiscal 2006.
The company mainly engages in the business with Nippon Suisan for the
initial stage and export products to Japan, Europe and the US. The company
plans to sell the products in the Chinese market in the future. |
| Profile of new factory (the first stage) |
| Commencement and completion of construction: |
| |
the factory construction is scheduled to start in August 2004 and
to be completed in March 2005. |
| Capital expenditures: |
115.5 million yuan = around 1.5 billion yen |
Location:
|
Qingdao Economic & Technical Development Zone, Huangdao, Qingdao
city, Shandong, China |
| Size: |
Business area: |
| |
Plant size:
|
|
| around 70,000 square meters |
| scheduled to build three blocks in the first year
and build five blocks in total in the final stage. |
|
| Production capability: |
16,500t/year in the first year and 40,000t/year in the final stage. |
| Major production line-ups: |
processed marine products, frozen foods and others. |
| Number of employees: |
around 900 |
| (*) The person responsible for the plant operations is
to be dispatched from Nippon Suisan. |
