KYB Corporation to merge China subsidiaries

KYB Corporation is to merge its wholly-owned subsidiaries in China and envisages restructuring its divisions in Japan in the Hydraulic Components Operations.

[The] “Purpose of restructuring KYB will reinforce its management base more flexibly against upcoming market change, aiming at enhancing management efficiency such as making practical use of management resources in each group company, by integrating manufacturing bases both in China and Japan(Nagano area) and sales bases in China, as a part of restructuring of HC Operations,” said a KYB statement.

“Merger of manufacturing bases KYB Industrial Machinery (Zhenjiang), our consolidated subsidiary, will merge with KYB Hydraulics Industry (Zhenjiang) our consolidated subsidiary effective from 1 April 1, 2016 (expected).

“Merger of sales bases KYB Trading (Shanghai), our consolidated subsidiary, will merge with KK Hydraulics Sales(Shanghai), our non-consolidated subsidiary effective from 1 April 1, 2016 (expected).