Owari Precise Products Co., Ltd.

Company Profile

■URL

https://www.owariseiki.co.jp

■Address

2345-1 Shimoicho Haneuchi, Owariasahi-shi, Aichi-ken 488-8578 Japan

Business Overview

-Mainly manufactures and sells precision products and screws (bolts, nuts, synchronizers, etc.) for vehicles as well as airplane components.

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Products

Fastener products
-Fasteners
-Bolts
-Screws
-Nuts

Synchronizer rings

Various forged products

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History

May 1906	Established Owari Clock Co., Ltd. with 100,000 yen in capital for the purpose of producing and selling wall clocks and alarms clocks to China and Southeast Asia.
Oct. 1961	Listed on the Nagoya Stock Exchange Second Section.
Jan. 1961	Established Moriyama Mtg. Co., Ltd. (currently a consolidated subsidiary).
May 1961	Renamed to Owari Precise Products Co., Ltd. ceased producing wall and alarm clocks to focus on the producing automotive transmissions, screws, and aircraft parts.
Jul. 1966	Constructed a new hot-forging plant at the home-office plant.
May 1968	Constructed a new processing plant in Owariasahi City, Aichi Prefecture.
Jun. 1970	Constructed a new hot-forging plant in Owariasahi City, Aichi Prefecture.
Mar. 1981	Constructed a heat-treatment plant at the home-office plant facility.
Feb. 1982	Started producing shift forks, which are core components of automotive transmissions.
Jan. 1985	Transferred the home office tool plant to the Asahi plant.
Mar. 1992	Constructed a new plasma spraying plant at the Asahi plant.
May 1994	Acquired the stock in Kounan Mtg. Co., Ltd. (which is currently a consolidated subsidiary).
Apr. 1995	Constructed a new cold-forging plant at Mino Techno-Park, Mino City, Gifu Prefecture.
Apr. 1999	Acquired ISO9002 certification at the home office and Mino plants.
Dec. 1999	Acquired ISO9002 certification at the Asahi plant.
Mar. 2000	Constructed a middle-ring plant at the Asahi plant.
Apr. 2002	Established OSR, Inc. (currently a consolidated subsidiary) in Indiana, USA.
Oct. 2002	ISO14001 obtained at the head office, Asahi Plant and Mino Plant.
Dec. 2002	Established Owari Precision (India) Private Limited (currently a consolidated subsidiary) in Bangalore, India.
Sep. 2003	Head office, Mino plant and Asahi plant were re-certified under the year 2000 version of ISO9001.
Jun. 2004	Established a joint venture, Hexas Precision (Jiaxing) Co., Ltd., in Jiaxing, Zhejiang Province, China. The Company invested 10% of the capital.
Jan. 2005	Refurbished the cold forging plant at the headquarters facility.
Nov. 2006	Obtained TS16949, which is an international standard specifying quality requirements for automotive parts, as well as ISO9001 at its headquarters, Asahi plant, Mino plant, and Hiroshima office.
Mar. 2007	Established OYT Co. Ltd. in Rayong prefecture, Thailand. The company is currently a consolidated subsidiary.
Sep. 2009	Increased its stake in Asahi Tekkojo Co., Ltd. and made it a subsidiary. Asahi Tekkojo Co., Ltd. is currently a consolidated subsidiary.
Oct. 2012	Merged and absorbed the operations of Asahi Steelworks into Moriyama Corporation, which became the surviving company.
Jan. 2013	Added a building at the Mino Plant, establishing Mino Coating, which is located on the second floor.
Apr. 2016	Established Owari Seiki Indnesia, PT in West Java, Indonesia.
Apr. 2020	OSR, Inc., located in Indiana, USA, purchased land and relocated its production plant.
Apr. 2021	Delisted from the Second Section (currently called the Main Market) of the Nagoya Stock Exchange.
Dec. 2021	Acquired and absorbed the operations of Mino Coating.
Jun. 2023	Head office relocated to the Asahi Plant.
May 2024	In line with relocating the production equipment from the head-office plant to the Asahi Plant, the Asahi Plant's name was changed to the Head Office/Owari Asahi Plant.