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Business

Japan's YKK to take on Chinese rivals in low-end zipper segment

High-performance fastener producer eyes dramatic growth in Asia

YKK Chairman and CEO Tadahiro Yoshida announced the company's four-year business plan in Tokyo Thursday.

TOKYO -- In a stark contrast to most Japanese companies' modus operandi, zipper behemoth YKK is looking to expand into the low-end market segment to compete with Chinese rivals head on.

Chairman and CEO Tadahiro Yoshida revealed the goal of spending 277 billion yen ($2.41 billion) in capital investment during a Thursday news conference here, as he unveiled the company's four-year business plan through fiscal 2020, which ends March 2021. A little over half of that amount will go toward the zipper business.

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