JUKI to hold Expo '06 in Indian cities
Bangalore, July 6 (UNI) JUKI Corporation of Japan, the world leader in manufacturing industrial sewing machines, will hold an industrial exposition 'JUKI Expo-2006' to showcase its latest products in major cities across the country.
The first such event would be held in the city for three days from tomorrow. Later, the expo would move to Chennai (August 18 to 20), Delhi (September eight to ten) and Mumbai (November ten to 12).
Briefing newspersons here today, company Chairman Takeo Yamaoka said the Expos would display the latest products in JUKI's core lines of industrial and household sewing machines, apart from state-of-the-art machinery based on Surface Mount Technology (SMT).
''We see India as the key engine of growth in global economy in the coming years. After China, our main focus would be on India in the Asian continent in view of its scale and exciting prospects. We expect India to become one of the key markets for JUKI machines as apparel exports constitute 42 per cent of Indian exports valued at 17 billion dollars and are targetting an annual growth of 25 per cent in export revenues in the textile sector up to 2010,'' he said.
JUKI, the 136 billion dollar entity, was the largest manufacturer of industrial sewing machines with a global market share of 33 per cent. It had also made big strides in the manufacture of SMT by developing 'pick-and-placer' machines, used to mount electronic components on to printed circuit boards used in cell phone and personal computer industry. Besides, the company also manufactured printers for ATM counters, industrial knives and forge parts.
The company, with presence in 168 countries, was aiming at becoming the second biggest company in SMT at the end of the current year from the present fourth position, Mr Yamaoka said.
JUKI Machinery India Director Hari Kumar said the company had recorded a total sales of 30 million dollars last year and had targetted a 30 per cent growth this year. JUKI, which had entered India in 1995 by opening offices in New Delhi and Bangalore, had now expanded its presence to seven branches at important apparel production clusters with adequate sales and support base.
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