February 22, 2022
Komatsu NTC Ltd. (Nanto City, Toyama, Japan) has made YIDA NIPPEI MACHNE TOOL CORPORATION (a joint venture with YIDA Group and a production base in China) a wholly owned subsidiary of our company on February 15, 2022, in order to strengthen our business strategy in China. We held discussions with the joint venture partner, YIDA Group, and agreed to dissolve the joint venture and purchased all of the holdings of YIDA Group. On the same date, the company name was changed to "KOMATSU (DALIAN) MACHINE TOOL CORPORATION“.
NTC has determined that it is necessary to speed up decision-making and respond quickly to customer needs by making KDM a wholly owned subsidiary.
In the future, as a wholly owned subsidiary of our company, NTC will strengthen the backup system from Japan and aim for further development of our business in China.
＜Overview of changed company＞
