New painting contracting operations and painting equipment in Mexico
First written in FY2019. 1 of 4 entries say "Dropped", first in FY2020-Q2. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3AchievedAnnual report
「O-WELL Mexico Coatings & Electronics S.A. de C.V. Mexico Guanajuato State Paint-related business Paint stripping, construction of new facilities October 2020」
The company disclosed that construction of paint-stripping facilities at its Mexican subsidiary was completed in October 2020. - FY2020ReframedAnnual report
「Subsequently, at a meeting of the Board of Directors held on 13 February 2020, we resolved to conduct a capital increase because prospects had emerged for launching a paint-related business with the Japanese automotive-parts-related companies targeted by O-WELL Mexico Coatings & Electronics S.A. de C.V.」
The Mexico plan, which had previously been cancelled with the use of funds left undecided, was changed to a plan to conduct a capital increase of MXN17.6 million (¥88.3 million) on 10 March 2020, following the emergence of prospects for starting a paint-related business with the target companies. - FY2020-Q2DroppedAnnual report
「As we determined that there was a significant risk that investment in Mexico by Japanese automotive-parts-related companies targeted by O-WELL Mexico Coatings & Electronics S.A. de C.V. would slow, we cancelled the capital increase and have left the use of the funds undecided.」
The ¥300 million capital increase for the contract painting business in Mexico and the plan to construct new painting facilities were cancelled, and the use of the planned funds was changed to undecided. - FY2019First statedAnnual report
「The company planned to begin construction of new painting facilities to launch a contract painting business for automotive parts in and around Guanajuato, Mexico.」
The company disclosed a ¥300 million plan to construct new painting facilities in Mexico to launch a contract painting business for automotive parts. In light of demand trends, the start date was changed to September 2019 and the scheduled completion date to June 2020.