The Hindu : Business : Okuma to expand

Online edition of India's National Newspaper
Saturday, Jul 14, 2007
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Business

Okuma to expand

Special Correspondent

The Japanese machine tool maker opens office

Targets to
triple sales
To serve local customers

NEW DELHI: Targeting a three-fold increase in its business in India, Japanese machine tool maker Okuma has enhanced its presence in India to take the country’s share in its total sales of 189 billion yen to 3-5 per cent in the near future.

At present, the company is generating sales of Rs. 49.72 crore and is aiming to reach the target of over Rs. 165 crore in the next few years.

Speaking to the media, President and CEO, Yoshimaro Hanaki, said, “Okuma has been operating with clients in India for over last 20 years and has a sales of close to 1.5 billion yen (around Rs. 49.72 crore) which we would like to take to five billion yen (Rs. 165.69 crore) on an yearly basis.”

To facilitate the growth, the company has set up its own sales and customer support office (in the country), Mr. Hanaki said, adding that the office had been set up by Okuma India Private Limited in equal partnership with its 100 per cent subsidiary, Mitsui and Company.

“The objective of the centre is to serve the local customers, share Okuma’s technology and manufacturing knowhow and improve the speed of response in customer support,” explained Okuma India Managing Director, Takanori Tabuki.

Referring to the growth witnessed by the machine tool industry in the last three years, he said the company was seeing a strong demand, especially from the automotive and consumer durable sector which was an attractive proposition for Okuma’s products, he added.

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