ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Rix to set up shop in Indonesia

New sales subsidiary to market factory pumps, valves to Japanese makers

FUKUOKA, Japan -- Japanese high-speed rotary joint and washer company Rix will establish a sales subsidiary in Indonesia to pitch factory pumps and valves to Japanese makers in the country.

The unit will be set up with a capital of 5 billion rupiah ($375,300) along with a local partner this autumn, with Rix taking a 67% stake.

Many Japanese manufacturers of automobiles, steel and tires have made inroads into the Southeast Asian country, but until now, Rix employees have had to travel over from a subsidiary in Thailand to market the company's products.

With four employees, including local hires, in Indonesia, the company anticipates the new base will help increase efficiency and sales.

Rix is scrambling to construct an overseas network as significant growth cannot be expected in its domestic market. In 2012, it founded a subsidiary in Germany followed by another in the U.S. in 2015.

The aim is to lift the company's overseas sales ratio from the current roughly 10% of the total.

The company's consolidated sales for the year ended March 2017 stood at 33.7 billion yen ($303 million).

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media