Agreements reached under this partnership
Establishment of a joint venture- 1
The operating entity for Syrma's second factory will change from Syrma to the joint venture
- 2
Make maximum use of the existing facilities, personnel and other resources of the factory
- 3
In addition to its current production base in northern India (Gurgaon), the company will consider expanding its production footprint to western India (around Gujarat) and southern India (around Chennai and Sri City)
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
The EMS business operated by the Company in the Indian market aims to achieve revenue of ¥10 billion within 5 years.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The Company will work to contribute to earnings from its EMS business.
| Item | Details |
|---|---|
| Name of alliance partner | Syrma SGS Technology Limited, KAGA ELECTRONICS INDIA PRIVATE LIMITED |
| Alliance partner's business activities | Syrma is a leading local EMS company. KGIN operates an EMS business in India. |
| Alliance partner's location | India |
| Type of alliance | Establishment of a joint venture |
| Details of the alliance | The operating entity for Syrma's second factory will change from Syrma to the joint venture, Make maximum use of the existing facilities, personnel and other resources of the factory, In addition to its current production base in northern India (Gurgaon), the company will consider expanding its production footprint to western India (around Gujarat) and southern India (around Chennai and Sri City) |
| Overview of the joint venture | Name SYRMA KAGA ELECTRONICS PRIVATE LIMITED / Location Bawal, Haryana, India / Business Description PCBA and product assembly for automotive, air-conditioning, consumer electronics and industrial equipment products (EMS business) / Capital Contributions INR 300M (approximately ¥500 million) / Ownership ratio Syrma 60％、KGIN 40％ |
| Ownership ratio | Syrma 60％、KGIN 40％ |
| Numerical targets under the alliance | The EMS business operated by the Company in the Indian market aims to achieve revenue of ¥10 billion within 5 years. |
| Alliance start date | Operations will begin in October 2026 |
| Impact on Business Performance | The Company will work to contribute to earnings from its EMS business. |
Items this document does not state (13)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To respond quickly to rapidly expanding EMS demand in the Indian market. The parties aim to limit initial investment by making maximum use of existing facilities and personnel, launch the business at an early stage, and contribute to earnings from the EMS business.