LECIP establishes a site overseeing production in China. Consignment production opens a new means of cost management.

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http://www.lecip.co.jp/english/news/PR/shanghai.html
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February 13, 2004

LECIP Corporation

1260-2 Kaminoho, Motosu City

Gifu Prefecture 501-0401 Japan


Affiliate Established in Shanghai, China

Commencement of Operations of a New Production Affiliate in China


LECIP Corporation, of Motosu City, Gifu Prefecture, Japan, has established in China the LECIP Shanghai Co., Ltd., a corporation overseeing the consignment of production, in the Min Hang district of Shanghai City, China.

The first product selected for the commencement of operations will be the transformer for use in forklift battery recharger units, managing and overseeing their production at the site chosen.

LECIP has concluded a consignment production agreement with a regional electric company that will go into effect starting in April of this year.


Until this point, transformers used in recharger devices for battery-driven forklifts has been carried out in Thailand, at the Thailand LECIP Corporation, a wholly-owned affiliate that began operations in 1987

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