Yanmar to Establish Joint Venture in Vietnam
January 7, 2014
Yanmar Co., Ltd.
Yanmar is to establish a joint venture company in Vietnam, aiming to strengthen its agricultural business-related marketing, sales and service in the region.
The establishment of an Agricultural Research Institute in Vietnam in March 2013 allowed for sustained market and social trend research towards the provision of enhanced solutions that best benefit the food production in the region.
The world’s second largest exporter of rice, Vietnam presents tremendous opportunity relative to agricultural mechanization and high economic growth in the years to come.
The establishment of said joint venture is expected to facilitate decision-making in the local market, and contribute significantly to assertive market development.
2. Company Outline:
Name: Yanmar Agricultural Machinery Vietnam Co., Ltd.
President: Yoshihiro Okada
Location: Ho Chi Minh City
Scope: Sales and service of agricultural machinery
Established: April 2014 (Note: tentative)
Capital: 5 million US dollars
Employees: approx. 50
Sales: approx. 3 billion yen (Note: FY2014 plan)
Note: Information contained in News Releases is valid at the time of publication and may differ from the most recently available information.
Public Relations Group
General Affairs Dept., Yanmar Co., Ltd.