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Business reorganization in USA
Thursday, May 13, 2004
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| Business Reorganization and Establishment of New Companies in North America |
The North American subsidiaries of Yanmar Co., Ltd., namely Yanmar Diesel America Corp. (YDAC) and Yanmar Manufacturing America Corp. (YMA), have been under the control of Yanmar (U.S.A.), a U.S. holding company. YDAC, located near Chicago, IL, primarily distributed diesel engines and their parts for construction, industrial and marine applications. YMA, located near Atlanta, GA, manufactures marine diesel engines.
In 2002, Yanmar established Yanmar Marine International V.B. in the Netherlands to distribute pleasure boat engines worldwide.
In an effort to better serve customer needs and expand its business in the Americas, Yanmar reorganized its North American operations, formed two new companies and strengthened its local management functions. |
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Business Reorganization |
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(1) |
The marine diesel engine business of YDAC has been spun off to establish an
independent marine engine company, Yanmar Marine U.S.A. Corp. (YMU). YMU shares state of the art facilities with YMA in Adairsville, GA. As a result of this spin-off and relocation of the U.S. marine business, YMU is better situated to respond to the distribution and service needs of our marine diesel engine customers located throughout North, Central and South America. |
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(2) |
Yanmar (U.S.A.) and YDAC were combined to form a new company, Yanmar America Corporation (YAC). The formation of YAC will provide for efficient business operations by acting as North American regional headquarters for administration. In addition, YAC will continue with its distribution, service and parts operations for industrial diesel engines and construction equipment.
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| 2. |
Outline of New Companies |
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(1) Yanmar America Corp. |
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- Capital: US$21,040,600
- President: Akihiko Nakaoka
- Address: 951 Corporate Grove Drive, Buffalo Grove, Illionois 60089-4508
- Business Lines: (A) Sales and service of diesel engines, construction machinery and parts (B)Administration of Yanmar’s North American companies
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(2) Yanmar Marine U.S.A. Corp. |
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- Capital: US$1,000,000
- President: Thomas Calhoun
- Address: 101 International Parkway, Adairsville, Georgia 30103
- Business Line: Sales of marine diesel engines
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{Reference}
New Business Structure in North America
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