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.
August 19, 2021