Announcement of the closedown of a subsidiary

March 26, 2013

Nissha Printing Co.,Ltd.

Nissha Printing Co., Ltd. (hereinafter referred to as "Nissha") hereby announces that it has decided to terminate the business activities of Nitec Mold Engineering, Inc. (hereinafter referred to as "NME"), a subsidiary of the company, as of June 30, 2013.

Reason for the closedown

NME has mainly been responsible for the manufacture and sale of IMD molds in the company's Industrial Materials Business. However, the significance of manufacturing IMD molds domestically has decreased due to changes in the market environment surrounding the Industrial Materials Business and its business structure. In addition to such environmental changes surrounding IMD molds, demand for the general molds that NME is engaged in has also decreased. Moreover, Nissha decided to close down NME because Nissha (Kunshan) Precision IMD Mold Co., Ltd., a manufacturing subsidiary located in China, is playing its role as the core base for IMD mold manufacturing within the Nissha Group.

Overview of NME

Company name Nitec Mold Engineering, Inc.
Address 3-24-1 Namikawa, Oi-cho, Kameoka City, Kyoto Prefecture
Date of establishment December 12, 1978
Name of representative Mikito Ozaki, Representative Director
Description of business Manufacture and sale of IMD molds and general molds
Capital 30 million yen

Future prospects

March 31 2013: Termination of order receipt activities
June 30, 2013: Termination of business operations
- The content of the web is information at press time, may change thereafter without notice. Due to risks and uncertainties, predictions may differ from actual results. Please be forewarned.
- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.

Page top