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Japanese Takenaka Seisakusho Sets up a Bolt Processing Plant in United Arab Emirates for Local Petroleum Plants
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2016-12-05
Anti-rust screw maker Takenaka Seisakusho Co., Ltd. announced on November 17 that it has built a plant in United Arab Emirates. The company invested JPY 300 million in the plant specifically for bolts and nuts coating (Teflon, etc.). The plant will supply local petroleum plants. Revenues are expected to reach JPY 1 billion in 5 years.
The company invested JPY 116 million and set up a plant in Ras al-Khaimah (a member country of the United Arab Emirates). Local investment companies funded 51%, Takenaka funded 46%, and GSI Creos- a Japanese firm supplying surface treatment materials to Takenaka - funded 3%. The plant is 632 square meters and introduces automated production lines from Japan, expected to start operation in February 2017. Takenaka is not optimistic for the sales to domestic clients such as petroleum plants and nuclear plants, so it is in urgent need of overseas market expansion.
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