Policy to position the Vietnam plant as a supply hub for ASEAN and neighboring emerging markets
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1AdvancedAnnual report
「As part of its global growth strategy, the Company identified establishing and upgrading production, sales, distribution and materials procurement activities in the ASEAN countries and neighboring emerging markets as a key priority. As a result of pursuing this strategy, its Thai and Vietnamese subsidiaries grew steadily, and beginning with the first quarter of the current consolidated fiscal year, both subsidiaries were included in the scope of consolidation.」
The Thai and Vietnamese subsidiaries, including the Vietnamese subsidiary, grew steadily and were included in the scope of consolidation, demonstrating concrete progress related to the policy of establishing ASEAN supply bases. - FY2021First statedAnnual report
「Taking business continuity planning into consideration, the Company plans to make the subsidiary a supply base for the ASEAN countries, including Vietnam, and neighboring emerging markets, and expects demand for submersible pumps and related parts manufactured by the subsidiary to expand under its future business plan approved internally.」
While the business launch was delayed and impairment was recognized, the Company stated its future policy of making the Vietnamese plant a supply base for ASEAN and neighboring emerging markets, also taking business continuity planning into consideration.