Nippon Light Metal Raises Overseas Sales Rate Target to 30% for F2012

Nippon Light Metal raises its overseas sales rate target to 30% in fiscal 2012 ending in March 2013 against the previous aim at 20%. The firm’s overseas sales rate has already reached 18.7% in fiscal 2010. The firm plans to accelerate offshore businesses mainly in China and Southeast Asia and tries to realize the new sales rate target.

Nippon Light Metal’s consolidated overseas net sales totaled 80.112 billion yen in fiscal 2010, which accounted for 18.7% in the firm’s total sales. The overseas sales rate upped by about 3 percentage points from fiscal 2009 except for the previous 100% subsidiary, Shin Nikkei.

Aluminium plate export increased for electric and electronic applications. Aluminium paste export also increased for China and South Korea, which is produced at Toyo Aluminium, the group company, and used as paint for cars and home appliances. Nikkei MC Aluminium’s secondary aluminium alloy, the main material for automotive die casting, was also exported actively to China. Nikkei MC Aluminium’s and Nikkeikin ACT’s local plants in China kept full operations.

Nippon Light Metal launched its new 3-year management plan ending in March 2013 last year. The firm had set the overseas sales rate target at 20% initially. However, the target rate was almost cleared in fiscal 2010.

Until fiscal 2012, Nippon Light Metal’s group company, Nippon Fruehauf plans to establish a new business site in China. Nikkeikin ACT also plans new plant constructions in China and Southeast Asia. Toyo Aluminium has decided a joint venture business of aluminium foil with Chinese aluminium maker.