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Established a manufacturing subsidiary in Vietnam

March 1, 2018

Kanefusa, manufacturer of cutting tools for wood and metal, announced that it would establish a manufacturing subsidiary in Binhook Province, northern Vietnam on January 22, 2018.  Capital is US$4 million. The amount of investment and total floor space are not disclosed.

The company established a subsidiary in June this year and plans to begin operations in September, 2019.  The company has three production bases in Japan, China, and Indonesia. It also adds Vietnam and utilize 4 bases.

Increase international price competitiveness, develop new markets, and expand sales further.

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