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Business

Japan's CKD to team with Taiwanese automation equipment maker

Partners aim to pool expertise to tap booming demand

NAGOYA -- Japanese factory automation machinery producer CKD plans to form a capital and business tie-up with Taiwan's Toyo Automation and develop electric-powered components for industrial machinery.

Aichi Prefecture-based CKD will invest some 500 million yen ($4.47 million) in Toyo as early as this month, obtaining a roughly 10% stake.

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