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Change of Company Name and Transfer of Production,Yanmar's Small Air-cooled Diesel Engine Manufacturing Subsidiary in Italy

Friday, January 16, 2004

Change of Company Name and Transfer of Production, Yanmar’s Engine Manufacturing Subsidiary in Italy

This is to announce that Yanmar’s engine manufacturing and distributing subsidiary in Italy, Yanmar Cagiva S.P.A., changed the company name to Yanmar Italy S.P.A. in the end of last year.
It was also decided that the small air-cooled diesel engines, (L series), which have been produced by both the subsidiary in Italy and the Yanmar’s plant in Japan, will be transferred to Yanmar Italy S.P.A in this spring for their whole production. Details as follows;

1.	Change of Company Name
	New Company Name: Yanmar Italy S.P.A. (Old Company Name: Yanmar Cagiva S.P.A.) Date of Change: December 21, 2003
2.	Production Transfer of the L Series Engines
	The L series engines have been produced in both Italy and Japan. However, Yanmar will close its production activities of the Third Production Center of the Engine Division, (Nagahama Plant) in March 2004. The production of the L series, thereafter, will be conducted by Yanmar Italy S.P.A. for the whole quantity, (excluding partial quantities for domestic use), for distribution worldwide from Italy.
[Reference]
Yanmar Cagiva S.P.A: Established jointly with Cagiva in Italy in February 1996 for the production and distribution of small air-cooled diesel engines. Yanmar obtained Cagiva’s share in December 1999 and Yanmar Cagive S.P.A. became a 100% subsidiary of Yanmar.
	Representative: Osamu Fujita Address: Via D. Carabelli, 7/9 21012 Cassano Magnago, Varese, Italy Capital: 5,424,000 Euro Production: Approx. 50,000 units/year

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