Release

November 29, 2016

Advanex Inc.

Announcement regarding the establishment of a subsidiary in Czech republic.

Advanex Inc. hereby announces that we decided to establish a subsidiary in Czech republic.

Details；

  1. Company name Advanex Czechia s.r.o.

  2. Address Prague, Czech republic

  3. Representative Ian Beardsmore

  4. Outline of business Manufacture and sales of precision springs

  5. Capital CZK20,000,000

  6. Ownership Advanex Europe Ltd. 100%

    *Advanex Europe Ltd. is a 100% subsidiary of Advanex Inc.

  7. Date of establishment December, 2016

  8. Start of operation December, 2017

  9. Outline of factory Land: 17,000 ㎡, Building: 8,000 ㎡

*1st building will start for 4,000 ㎡.It plan to expand to 8,000 ㎡ in the future.

The establishment of the above subsidiary will not affect the consolidated business performance of Advanex Inc. for FY2017.

Contact;

General Affairs Department Corporate Communication section Advanex Inc.

6-1-1 Tabata, Kita-ku, Tokyo, Japan TEL : 03-3822-5865

FAX : 03-3822-5873

Advanex Inc. published this content on 29 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 November 2016 08:20:39 UTC.

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