| July 11, 2006 |
 |
Olympus Restructures Regional Headquarters to Create Olympus China Co., Ltd.
—New Start with Strengthened Strategic Role and Business Operations— |
|
|
 |
| Olympus Corporation (Olympus, President: Tsuyoshi Kikukawa, headquarters: Tokyo) has restructured Olympus (China) Investment Co., Ltd. to create Olympus China Co., Ltd. This change will strengthen strategic functions and the overall coordination of Olympus Group companies in China. The new company commenced business operations on July 1, 2006. |
|
| In the past Olympus has structured its activities in the Chinese market according to its product segments, which are imaging systems, medical systems and industrial systems, or along functional lines, such as sales, services and manufacturing. |
|
| The Chinese market is expected to remain on a steep growth curve. By restructuring Olympus (China) Investment Co., Ltd., which was involved solely in the imaging systems area, into Olympus China Co., Ltd., Olympus has created a new organization that will coordinate activities across all business segments and functional categories. The new company will also be responsible for the development of strategies for the future. |
|
| Olympus China will coordinate the activities of the four manufacturing subsidiaries, two sales subsidiaries and one trading subsidiary previously established by Olympus in China. It will also provide efficient management of the 31 Olympus offices in China. At the same time, it will build powerful business, organizational and management structures to support a group-level response to market needs. |
|
| Profile of New Company |
| Name |
Olympus China Co., Ltd. |
| Capital |
US$30 million (approx. ¥3,450 million) |
| Ownership |
Wholly owned by Olympus Corporation |
| CEO |
Akinobu Yokoo |
| COO |
Hajime Kawahara |
| Head Office |
12F, NCI Tower, A12 Jianguomenwai Avenue, Chaoyang District, Beijing, People’s Republic of China |
| Telephone |
(86)10-65693535 (operator) |
| Activities |
1. Business investment, coordination of business corporations (holding company)
2. Development of group strategy
3. Corporate functions as headquarters for China (shared services, etc.) |
| Commencement of business operations |
July 1, 2006 |
| Employees |
38 |
| Offices |
Beijing (headquarters), Shanghai, Guangzhou |
|
*The company names and product names specified in this release are the trademarks or registered trademarks of each company.
Please be advised that press releases and information posted on this site are current at the time of the original publication date. Please note that they may now be outdated or rendered inaccurate.
Contents end
