Source: Business Wire
Thursday, December 20, 2012 01:02 PM IST (07:32 AM GMT)
Editors: General: Consumer interest; Technology
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(BW)(OPTEX)(6914)OPTEX Announces Launch of India and Brazil Subsidiaries
Otsu, Japan, Thursday, December 20, 2012 -- (Business Wire India) --
OPTEX CO., LTD. (TOKYO:6914) is pleased to announce the establishment of two local subsidiaries - OPTEX PINNACLE INDIA PVT. LIMITED in India, and OPTEX DO BRASIL LTDA. in Brazil. OPTEX PINNACLE INDIA PVT. LIMITED is positioned as a joint venture between OPTEX and local consulting firm Pinnacle Sourcing & Consultancy, with its offices located in Gurgaon, India. OPTEX DO BRASIL LTDA is a wholly owned subsidiary of OPTEX CO. LTD., located in Sao Paulo, Brazil.
At OPTEX, one of the essential corporate objectives is to enhance the company's presence in newly emerging nations. The launch of these new subsidiaries will serve to bolster its sales and technical capacity in two key markets - primarily to support outdoor security products. We are confident that localization of such business functions will be instrumental in raising customer satisfaction in the outdoor security market, a field in which timely product support is critical. Efforts will also be redoubled to develop a steady stream of unique new product offerings that reflect local market demand.
OPTEX PINNACLE INDIA
[Comments by Nori Ueda, Managing Director, OPTEX PINNACLE INDIA PRIVATE LIMITED]
"In India, security guards are currently utilized as the main solution for security needs. As a result, the introduction of electronic security systems has lagged behind the use levels seen in other countries. However, as the Indian economy continues to grow and labor costs rise, projections are for a shift to demand for greater use of electronic security. As this change comes to pass, it will be vital to provide solutions closely in tune with the culture and the customs of India."
[Comments by Himanshu Kapoor, Director, OPTEX PINNACLE INDIA PRIVATE LIMITED (Managing Director of Pinnacle Sourcing & Consultancy)]
"Pinnacle Sourcing & Consultancy is delighted to be entering into a strategic alliance with OPTEX, and we are confident that this marks the start of an enduring win-win relationship. OPTEX-Pinnacle will work to meet the expanding needs of the Indian security industry with a host of innovative high-tech products from OPTEX. Teamed with Pinnacle's profound knowledge of the local market, the new company will excel in delivering superior value to all stakeholders."
New Company Profile
| Company Name: | OPTEX PINNACLE INDIA PRIVATE LIMITED | |
| Investment Format: | Joint venture (Equity: OPTEX 80%; Pinnacle S&C 20%) | |
| President: | Nori Ueda, GM, India & ASEAN Business Operation Dept., Security Division | |
| Establishment: | December 2012 | |
| Location: | Gurgaon, Haryana, India | |
| Capital: | 20 million Indian Rupees | |
| Industries: | Marketing and sales of security, access control and factory automation equipment | |
OPTEX DO BRASIL
[Comments by Masaya Horii, President, OPTEX DO BRASIL LTDA. ]
"OPTEX INC. of North America has been exporting products to Central and South America for many years, with the OPTEX name a familiar presence in the countries there. The establishment of a local presence in such markets will enable us to provide even greater customer support on both the marketing and technical fronts. This is expected to raise our brand recognition to an even higher level in this part of the world."
New Company Profile
| Company Name: | OPTEX DO BRASIL LTDA. | |
| Investment Format: | Subsidiary (wholly owned by OPTEX) | |
| President: | Masaya Horii, GM, Central and South America Business Operation Dept., Security Division | |
| Establishment: | December 2012 | |
| Location: | Sao Paulo, Sao Paulo State, Brazil | |
| Capital: | 2.25 million Brazilian Reals | |
| Industries: | Marketing and technical support services of security, access control and factory automation equipment | |
About OPTEX
Headquartered in Shiga, Japan, OPTEX is a world-leading company in the field of sensor. Founded in 1979 to offer society safety, reliability and comfort through sensing technology. Our first triumph was the world's first infrared automatic door sensor. We have more than 1,000 employees in more than 8 countries working to provide products and services to customers in the fields of security detectors, access control, industrial equipment, transportation-related and LED lighting control system.
As a pioneer in sensing technology, we will continue to meet the needs of customers worldwide by further striving to advance quality control with precision and efficiency based on global quality standards.
For more information, visit OPTEX's Web site at http://www.optex.co.jp/e/
CONTACT DETAILS
CONTACTS :
Inquiries:
OPTEX CO., LTD.
Nori Ueda, +81-77-579-8000
India & ASEAN Business Operation Dept., Security Division
info-ir@optex.co.jp
Fax: +81-77-579-7190
KEYWORDS
CONSUMER, TECHNOLOGY
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