Murakami Corporation announced that its wholly-owned consolidated subsidiary, Jiaxing Murakami Corporation, will establish a new company in Foshan, Guangdong Province, China in October 2016. The new company will be capitalized at CNY 10 million (approximately JPY 160 million), which will be fully provided by Jiaxing Murakami. The new company will construct a plant to manufacture and sell automo...