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Japan: Start of KB Tsuzuki

By Anonymous
Publication: Asian Textile Business
Date: 2007 2007

On October 1, 2006, Tsuzuki Boseki K.K. consolidated KB Spinning International into KB Tsuzuki Co., Ltd. The integration will follow two stages. As of October 1, the transfer of the good will of KB Spinning to Tsuzuki Boseki will take place. Then, the new company will start operation. As for a jointventure

firm in China which KB Spinning has been working, its transfer will take place after confirming the operation status with all conditions satisfied because as of September, this joint-venture is still in the stage of awaiting a permit for business operation. Everything is scheduled for completion by March 2007 before the liquidation of KB Spinning. The projected sales of the new company in the coming year are 12 billion yen.

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