Establishment of a New Company in China
2023.11.24 UpdateINFORMATION
Establishment of a New Company for Sales and Customer Support Business in China
Establishment of a New Company in China
We are pleased to announce that we have established a new company in China for the purpose of sales and customer support business.
The details are as follows:
1. Reason for Company Establishment:
In China, we have been developing our business through distributors since 2010, and now we have decided to establish a local subsidiary of ULVAC PHI Inc. to strengthen our sales and customer service support system.
Going forward, ULVAC PHI will continue to promote further improvements in customer satisfaction and aims to expand its share of the Chinese market.
2. Outline of the new company
| Company name | ：ULVAC PHI Instruments Co., Ltd. |
| Representative | ：Yasuhiro Hara, Chairman (part-time Executive Officer of ULVAC Inc. President and CEO of ULVAC-PHI,Inc) |
| Location | ：Nanjing, China |
| Main Business | ：Sales of our products and customer support business in China |
| Establishment | ：November 2023 |
| Fiscal Year End | ：December |
| Registered Capital | ：RMB 5 million |
| Equity Ratio | ：Our Company (100%) |
We believe that this strategic move will contribute to our continued success in the Chinese market.