Ube establishes local subsidiary in India

Ube establishes local subsidiary in India

3:03 AM, 28th December 2011
Ube establishes local subsidiary in India

 

TOKYO, JAPAN: Ube Industries Ltd announced that the company’s main subsidiaries in the machinery business, Ube Machinery Corporation, and Ube Techno Eng Co, jointly established a local subsidiary in India. The new subsidiary, Ube Machinery India Private Limited, is based in Gurgaon district in Haryana, and will start operating from January 2012. Ube Industries has identified India as a key future market due to the rate of economic growth in the nation in addition to the size and growth potential of its market.

Ube has until now supported its users in India through Ube Machinery and Ube Techno Eng based in Japan, working in partnership with local dealers in Delhi and Chennai. With the launch of the local subsidiary, which is situated in the Delhi suburb of Gurgaon, Ube will effectively strengthen its support framework for Japanese affiliated and local companies alike. The subsidiary will also strengthen future market development and sales efforts to accelerate Ube’s machinery business in India.

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