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.