ANNOUNCEMENT OF CAPITAL & TECHNICAL COLLABORATION


Kamitsu Seisakusho Ltd is pleased to announce that we have entered into a strategic collaboration with TMT Machinery, Inc. based in Osaka, Japan, which is a leading manufacturer of synthetic fiber producing machinery & systems. This agreement will take the form of an equal partnership and both the parties will continue to work independently under the same corporate name as before.

The collaboration with TMT Machinery, Inc. further strengthens our position not only in the textile but also high performance industrial fiber’s machinery market. This partnership with technology and capital involvement is also expected to result in rapid new developments and cost efficiency improvements responding to the market demands and significantly increase our market share.

As with all important business decisions, we will work closely with our clients, partners and employees to make the integration process as smooth as possible.
The integration of both companies will continue delivering innovative, high-quality products in the world market, under independent management.

Assuring you of our best service at all times.


Sincerely,

president SHIRO TAKIMOTO

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