Georg Fischer expands in Japan
The industrial group Georg Fischer is to increase its stake in a piping systems joint venture with Kubota Corp of Japan. The Swiss firm will up its share to 81 per cent from 50 per cent.
The existing joint venture, Kubota Georg Fischer, has been run as a 50/50 joint venture for the past 15 years and focused on the industrial and building technology markets.
Georg Fischer said in a statement that the joint venture had been profitable for many years and that annual sales had now reached about SFr50 million ($29 million).
The company hopes that increasing its stake will enable it to adapt faster to changing market needs in the local Japanese industrial and building technology markets in line with developments at Georg Fischer Piping Systems in Asia.
Kubota Georg Fischer will change its name to Georg Fischer.
swissinfo with agencies
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.