Relocation and Closure of Suzhou Plant Due to Chinese Government Redevelopment
First written in FY2021-Q3. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2023.
1 other company's latest entry also says "Achieved".
- FY2023AchievedAnnual report
「February 2023: The liquidation of Suzhou Okumura Valve Co., Ltd. was completed following the transfer of the manufacturing and sales operations in China to Okumura Valve (Jiangsu) Co., Ltd.」
Following the cessation of operations, transfer and closure, the liquidation of Suzhou Okumura Valve Co., Ltd. was completed in February 2023. - FY2022AchievedAnnual report
「Month and year closure completed: February 2021」
The report specifies February 2021 as the month and year in which the Suzhou entity’s production facilities were closed, indicating that the closure of the former site and transfer to the new site had been completed. - FY2022-Q1AdvancedAnnual report
「The following are the significant facilities and other assets that had been planned for disposal at the end of the previous consolidated fiscal year and whose disposal was completed during the first quarter of the current consolidated cumulative period.」
The closure of the Suzhou entity’s production facilities was completed in February 2021, and the Suzhou entity had moved into the liquidation process. The closure of the former site and transfer to the new site following the relocation had progressed further. - FY2021AdvancedAnnual report
「Suzhou Okumura Valve Co., Ltd. entered the liquidation process in January 2021.」
The report describes the next stage for the Suzhou entity, noting that it entered the liquidation process in January 2021 after ceasing operations and transferring its operations. - FY2021-Q3First statedAnnual report
「Suzhou Okumura Valve Co., Ltd., a consolidated subsidiary, ceased operations in December 2020 following a request by the Chinese government to vacate the site, and transferred its operations to Okumura Valve (Jiangsu) Co., Ltd.」
Following the request to vacate the site, the former Suzhou entity ceased operations and its operations were transferred to the new company and new plant.