Investing in Japan
Chinese automotive part manufacturer Kaizhong Precision Technology establishes Japanese corporation in Nagoya
Sep 11, 2017
Kaizhong Precision Technology Co., Ltd., is an automotive part manufacturer based in Shenzhen, China. Since its founding in 1998, the company has produced commutators used for motor parts of automobiles, with an annual production volume which has reached 800 million units.
They boast the world’s second largest production scale of commutators in the world.
Having bases in Germany and Hong Kong, the company has been expanding sales channels overseas including to Europe, North America and Japan, which now accounts for 85% of its transactions.Their dealings with Japan have mainly involved delivering products to overseas bases of Japanese companies.
They established Kaizhong Precision Technology Co., Ltd in Nagoya, home to a major cluster in the automotive industry, in October 2016 in order to further expand the market. In addition to automobiles, they will expand their business in resin molding, precision metal stamping products in electronics and machinery and other fields as well.
For the establishment of its subsidiary in Japan, JETRO Invest Japan Business Support Center (IBSC) provided a temporary office in Nagoya, consultation in registration, taxation, and labor matters, assistance in finding property, referral to service providers (recruitment companies) and subsidy information as well as introductions to local government agencies.