2010
July 30, 2010
Minebea Co., Ltd.
Notice regarding the Construction of New Factories
Minebea Co., Ltd. hereby announces that at the meeting held on July 30, 2010, its Board of Directors has resolved to construct the following factories.
1. Reason for the construction
To meet growing demand for ball bearings and pivot assemblies.
2. Outline of the construction
| Outline of assets | Acquisition amount |
|---|---|
| Ball Bearings BU
New ball bearing factory
(Bang Pa-in Plant, Thailand) |
18,000 |
|
Ball factory extension
(Lop Buri Plant, Thailand)
|
1,800 |
|
Mechanical Assembly BU
New pivot assembly factory
(Lop Buri Plant, Thailand)
|
15,000 |
| TOTAL | 34,800 |
3. Schedule for the construction
| July 30, 2010 | Board resolution |
|---|---|
| Summer of 2011 | Start the operation of the new pivot assembly factory (Planned) |
| Autumn of 2011 | Start the operation of the new ball bearing factory (Planned) |
4. Prospect for the future
No effects are forecasted on our earnings for the fiscal year ending March 31, 2011, due to the commencement of the operations of the two plants being planned for the fiscal year ending March 31, 2012.
<Reference>
Consolidated Earnings Forecasts for Fiscal Year Ending March 31, 2011 (Announced on May 7, 2010) and Previous Fiscal Year Actual
| Net Sales | Operating Income | Ordinary Income | Net Income | |
|---|---|---|---|---|
| Fiscal year ending March 2011 | 265,000 | 23,500 | 21,500 | 12,500 |
| Fiscal year ended March 2010 | 228,446 | 12,059 | 10,203 | 6,662 |
| Company Name: | Minebea Co., Ltd. |
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Sakae Yashiro Senior Managing Executive Officer Officer in charge of Finance & Administration Division |
| Tel: | +81-(0)3-5434-8611 |
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
