Milacron's D-M-E Forms Global Strategic Alliance with Japan's Futaba
24 Abril 2008 - 12:04PM
Business Wire
Milacron Inc. (NYSE: MZ), a leading global supplier of
plastics-processing technologies and industrial fluids, announced
that its mold technologies unit, D-M-E Company, has entered into a
strategic alliance with Futaba Corporation, a leading supplier of
high-quality mold bases in Japan. The strategic alliance creates
new opportunities worldwide for both Futaba and D-M-E. Futaba will
have access to D-M-E�s industry-leading advanced tooling
technologies and wide range of products, including hot runner
systems, temperature controllers, stack mold centering devices and
more, enabling them to better serve the increasingly sophisticated
Japanese marketplace. Futaba will also have access to D-M-E�s
global distribution and service network to expand sales of Futaba
products outside of Japan. D-M-E will have increased manufacturing
capabilities in Asia through the use of Futaba facilities for more
timely, cost-effective production and distribution in this growing
region. In addition, the alliance will enhance D-M-E�s mold base
and component offerings to customers around the world. �We are
excited to strengthen our position in mold technologies by
partnering with a company that brings not only hot runner systems
but also a worldwide perspective and reach to new product
development and mold technologies,� said Nobumitsu Kanetsuna,
executive vice president of Futaba Corporation. �The joining of
these two companies leads to our ability to better serve molders
and moldmakers around the globe.� �D-M-E is pleased to partner with
such a respected company that is committed to manufacturing
excellence as seen in their high quality lines of mold bases and
components,� said Dave Lawrence, D-M-E president. �We are excited
for this opportunity to enhance the product and service offerings
of both companies.� As part of the arrangement, Futaba has
purchased Mitsubishi Steel Manufacturing�s shares in D-M-E�s joint
venture operation, JADME, which will continue to focus on the mold
technologies market in Japan. D-M-E retains majority ownership in
the JV. Any forward-looking statements above by their nature
involve risks and uncertainties that could significantly impact
operations, markets, products and expected results. For further
information please refer to the Cautionary Statement included in
Milacron�s most recent Form 10-K on file with the Securities and
Exchange Commission. Futaba Corporation was established in 1948 as
a manufacturer and seller of receiver vacuum tubes. Utilizing
vacuum tube technology, Futaba began manufacturing vacuum
fluorescent displays. In 1962, Futaba began producing radio control
equipment as well as press die set components. This was followed by
the development of mold base components and the more recent
addition of VFD modules to complete the lineup of Futaba�s major
products. Firmly embracing the principle of manufacturing each
component in-house, Futaba creates everything from its own tools to
its own manufacturing facilities. For more information, visit
http://www1.futaba.co.jp/english/index.htm. D-M-E Company is an
essential mold technologies resource to customers worldwide. In
addition to offering the plastics industry�s broadest range of
market-leading products, D-M-E provides unsurpassed knowledge, a
global logistics infrastructure, and exceptional service every step
of the way. This support ensures that customers get the speed,
accuracy and quality they need across D-M-E�s complete line of hot
runner systems, control systems, mold bases and components, mold
making and molding equipment and supplies. A subsidiary of Milacron
Inc., D-M-E also manufactures and sells standard tooling for the
die-casting industry. Visit www.dme.net for more information. First
incorporated in 1884, Milacron Inc. is a leading global supplier of
plastics-processing technologies and industrial fluids, with major
manufacturing facilities in North America, Europe and Asia. For
further information, visit www.milacron.com or call Milacron�s
toll-free investor line: (800) 909-6452.
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