Neturen Co., Ltd. Announces Expansion of Production Facilities
December 25, 2023 at 01:30 am EST
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Neturen Co., Ltd. announced that a resolution was passed, at a meeting of the Board of Directors held on December 7, 2023, to expand production facilities at PT. NETUREN IND Indonesia, a consolidated subsidiary of the Company. PT. NETUREN INDONESIA, a consolidated subsidiary of the Company, was established in May 2013 in Bekasi, West Java, Republic of Indonesia, and has since been engaged in the maintenance services business and metal heat treatment services. This facility expansion is to strengthen the production system by increasing production facilities, as orders are expected to exceed the current facility capacity due to requests for an increase in production from local parts manufacturers in response to the shift to local procurement of automotive parts in Indonesia and increased exports. Outline of consolidated subsidiary: (1) Trade Name: PT. NETUREN INDONESIA
(2) Representative: Nobumoto Ishiki (3) Address: Industrial Park "Greenland International Industrial Center" in Deltamas City, Bekasi, West Java, Republic of Indonesia (4) Main Fields of Business: Maintenance services business and metal heat treatment services (5) Date of Establishment: May 2013. Outline of the facility expansion: (1) Investment Amount: JPY 931 million 2) Purpose: To increase production capacity by expanding a building and heat treatment facilities (3) Start Date of Operation: April 2025 (plan). The facility is scheduled to be operational in April 2025 with this heat treatment facility expansion, and the Company expects that there will be minor impact on the Company's consolidated financial results for the fiscal year ending March 31, 2024.
Neturen Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of prestressed concrete(PC) steel bars, steel wires and induction heating equipment. The Company is also enagegd in the leasing of office buildings and other related research and development business. It has two business segments. The Product-related segment manufactures and sells PC steel bar-related products for civil engineering and construction works, and high-strength spring steel wire-related products for automobile and two-wheel vehicle suspension springs. The Induction Heating (IH)-related segment offers induction heating apparatus, construction machine parts, and automobile components, including hollow rack bars and worm wheels. This segment is also involved in the heat treatment and processing businesses. The Company is also engaged in the leasing of office buildings and others.