Hokkan Holdings tries to clear targets under 5-year plan through fiscal 2015 ending March 2016 by higher productivity at each segment and wider offshore business, said the president Tsunefumi Kudo at results briefing on Monday.
The firm plans commercial production at Indonesian plant for polyethylene terephthalate packaging and beverage filling in August. Mr. Kudo said the firm tries to develop the local market through cooperation with the partner of Toyota Tsusho Corporation. Hokkan Holdings’ subsidiary, OS Machinery controls 65% of newly established joint venture with KE Corp. With KE Corp.’s technology for food cooling technology, the joint venture develops other customers than Hokkan Holdings group. Hokkan Holdings targets 7.5 billion yen of consolidated operating profit in fiscal 2015, which is 92.3% higher than fiscal 2010 level. The firm tries to increases the sales by 13.4% to 185 billion yen while the firm reduces the interest bearing debt by 15.4 billion yen to 30 billion yen.Related Posts
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