November 29, 2016
Advanex Inc.
Announcement regarding the establishment of a subsidiary in Czech republic.Advanex Inc. hereby announces that we decided to establish a subsidiary in Czech republic.
Details;
Company name Advanex Czechia s.r.o.
Address Prague, Czech republic
Representative Ian Beardsmore
Outline of business Manufacture and sales of precision springs
Capital CZK20,000,000
Ownership Advanex Europe Ltd. 100%
*Advanex Europe Ltd. is a 100% subsidiary of Advanex Inc.
Date of establishment December, 2016
Start of operation December, 2017
Outline of factory Land: 17,000 ㎡, Building: 8,000 ㎡
*1st building will start for 4,000 ㎡.It plan to expand to 8,000 ㎡ in the future.
The establishment of the above subsidiary will not affect the consolidated business performance of Advanex Inc. for FY2017.
Contact;
General Affairs Department Corporate Communication section Advanex Inc.
6-1-1 Tabata, Kita-ku, Tokyo, Japan TEL : 03-3822-5865
FAX : 03-3822-5873
Advanex Inc. published this content on 29 November 2016 and is solely responsible for the information contained herein.
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