Transfer of the All-Aluminum Heat Exchanger Business in Thailand
First written in FY2021-Q2. 1 of 2 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2021-Q3.
2 other companies' latest entry also says "Advanced".
- FY2021-Q3AdvancedAnnual report
「At the Company's consolidated subsidiary UACJ Extrusion (Thailand) Co., Ltd., the Company recorded an impairment loss of ¥1,484 million in connection with the resolution to transfer the all-aluminum heat exchanger business for outdoor units of cooling-only air conditioners and close the Ayutthaya Plant, as well as a ¥297 million valuation loss on shares of affiliated companies and other investments at the Company.」
Regarding the all-aluminum heat exchanger business in Thailand, the Company described the resolution to close the Ayutthaya Plant and the related recording of an impairment loss of ¥1,484 million and a valuation loss of ¥297 million following the signing of the transfer agreement. - FY2021-Q2First statedAnnual report
「The Company resolved to transfer its all-aluminum heat exchanger business in Thailand, which manufactures and sells heat exchangers for outdoor units of cooling-only air conditioners, to CH.WATANAYONT Co., Ltd., and signed a business transfer agreement dated 30 September 2020. In accordance with the agreement, the Company is progressively transferring production of the various products currently being handled and plans to complete the transfer by March 2021.」
The Company signed an agreement to transfer its all-aluminum heat exchanger business for outdoor units of cooling-only air conditioners manufactured and sold in Thailand, with completion of the production transfer scheduled by March 2021.