Yamakin (Japan) to Start Copper Strip Slitting Service in Guangzhou in July

Tokyo headed nonferrous metal product dealer, Yamakin (Japan) will start commercial operation of its new offshore business site in Guangzhou, China in July. The new company will make brass strip and copper strip for connector pins of electronic devices. The company initially targets processing volume of 100 tonnes per month.

The new company was established with capital fund of US$ 2.1 million (approximately 172 million yen). The company will rent a factory on 2,500-square-meter site inside a boned zone of Guangzhou City and start commercial operation with one slitter and 6 employees. The factory can introduce total 4 slitters. The total capex is approximately 100 million yen.

Yamakin (Japan) posted higher consolidated recurring profit in fiscal 2010 ended in March 2011. The recurring profit increased by 55.3% to 539 million yen, which increased for 2 years in a row. The sales of rolled aluminium products and copper alloy fabricated products increased for automotive components and can materials. The consolidated revenue increased by 24.2% to 31.7 billion yen.

The firm’s non-consolidated sales volume of rolled aluminium products increased by 30.4% to 30,368 tonnes in fiscal 2010 from fiscal 2009. The sales of copper alloy products increased by 3.7% to 13,476 tonnes. The offshore group companies’ sales volume also increased for aluminium and copper alloy products.

In fiscal 2011, Yamakin (Japan) forecasts consolidated net sales at 33.2 billion yen with recurring profit at 696 million yen. The firm expects the demand growth for automotive components mainly at overseas.