Fuji Oozx to set up subsidiary in Mexico  [ Mexico ]

Fuji Oozx Inc. announced that it will establish a subsidiary to manufacture and sell automotive engine valves in Aguascalientes, Mexico in May 2014. The new company, which will be tentatively called Fuji Oozx Mexico S.A. de C.V., will be capitalized at JPY 200 million (USD 1.97 million). It is expected to become operational by the end of 2014. (From a press release on March 27, 2014)