MISUMI Group, Inc. to Establish a Local Subsidiary in Mexico
November 08, 2017 at 09:00 am EST
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MISUMI Group Inc. announced that, it is establishing a local subsidiary in Mexico, MISUMI Mexico S. de R. L. de C. V. with capital of JPY 450 million and business activates as Manufacturing and sale of Factory Automation components; Die and mold components; and Auxiliary Production materials. The company fully committed to entering the Mexican market, where high growth is anticipated, to further expand business in the Americas region. Beginning in April 2018, the Mexican subsidiary will support local manufacturing companies. The automotive industry continues to shift production to Mexico based on the lower costs of production. In addition, Japanese companies have been aggressively investing in the region since 2000 to better service the North American market. In a response to these market conditions, MISUMI will be establishing a local subsidiary in Querétaro City, Mexico, where there is already a concentration of Japanese manufacturers. MISUMI Mexico will offer high quality factory automation components, die and mold components, electrical supplies, tools, and MRO products to meet the diverse needs of the region with local inventory predicated on reliable, quick delivery. Through its new subsidiary, MISUMI will be able to provide one day shipping on local inventory, and shorten the delivery by up to 10 days on products imported from Japan. MISUMI will continue to improve its manufacturing capabilities to enhance the QCT (high Quality, low Cost, and reliable, quick delivery Time) model, and expand the distribution of third-party brands to provide the best overall value to manufacturers in Mexico, thereby contributing to reducing procurement inefficiencies.
MISUMI Group Inc. is a Japan-based company mainly engaged in the factory automation (FA) business, the mold parts business, and the parts and consumables (MRO) business. The Company has three business segments. The FA segment is engaged in the manufacture and sale of shafts, bushes, linear guides, locating parts, pulleys stages and other standard parts for automatic equipment, as well as the development and provision of automatic positioning modules and various research equipment. The Metal Molding Parts segment is engaged in the development and provision of spring guides, ejector pins, core pins, guides, retainers and other standard mold parts for automotive, electronic and electrical equipment fields, as well as the provision of precision mold parts. The Variation & One-stop by New Alliance (VONA) segment is engaged in the general distribution business, as well as the provision of air pressure parts, piping parts, screws, bolts and other manufacturing materials and MRO products.
MISUMI GROUP INC. 
