December 6, 2021
Shibaura Machine Co., Ltd.
Nissei ASB Machine Co., Ltd.

Nissei ASB Machine and Shibaura Machine Enter into
Memorandum of Understanding for Business Partnership
Shibaura Machine Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, Representative Director, President andCEO: Shigetomo Sakamoto, “Shibaura Machine”) and Nissei ASB Machine Co., Ltd. (Head Office:Komoro-shi, Nagano, Representative Director, Chairman and CEO Daiichi Aoki, “Nissei ASB”) haveentered into a memorandum of understanding for a business partnership for cooperation in injection
molding machines and other fields in mainly emerging markets abroad.
1.

Purpose of Entering into Memorandum of Understanding
Japanese injection molding machine manufacturers currently face an unprecedented period of change

caused by the global economic stagnation due to the Covid pandemic, ESG and other environment-related
regulations, the need to prepare for industry 4.0, and intensified competition due to the market entry inemerging markets. In light of these circumstances, Shibaura Machine and Nissei ASB aim to provide
customers with the highest value on a global level by combining what each has to offer in the value chain
from development to sales using their unique strengths and know-how as machine makers. In particular,
the companies will aim to capture the top position in terms of market share in India and increase global
sales by utilizing resources at their locations in India which are primary locations for their business.
2.

Details of Business Partnership
Shibaura Machine and Nissei ASB will use the entering into the Memorandum of Understanding as thestarting point for initiating the discussion and examining the possibility of collaboration in a broad range offields with a view to the sustained growth of both companies, and will initially start with arrangements forcollaboration in the manufacture and sale of injection molding machines at locations in India. In relation tosmall electromotive injection molding machines, which are expected to be a future growth product, thecompanies aim to widely supply machinery with specifications that meet the requirements of emerging
markets by combining the technological capabilities of Shibaura Machine’s electromotive injection molding
machines with Nissei ASB’s local procurement and production capacity in India and using the differingcustomer sales routes of each company.
Shibaura Machine and Nissei ASB will commence an assessment of the specifics of their businessmodel, such as their specific roles and the division of functions. We will promptly announce more detailed

1information, etc. on the business partnership once disclosure matters have been decided.

【Company Profiles】■Shibaura Machine Co., Ltd.
Since its founding as a machine tool manufacturer in 1938, Shibaura Machine has played a role in thedevelopment of society and industry by working closely with customers on the joint creation and supply ofa variety of machines required by industries in Japan and around the world. Today, Shibaura Machinery is
striving forward as a company which supports the world’s manufacturing (monozukuri) by developing,manufacturing and selling injection molding machines, die-casting machines, extruders, machine tools,
nano processing system, industrial robots, and PLCs, etc. Shibaura Machine will promote investment
focused on the fields of renewable energy, energy conservation, new environmentally friendly materials,and productivity improvement, and in relation to the issues identified in the SDGs, will fulfill its role as acompany through its business activities and further contribute to the realization of a sustainable society.
https://www.shibaura-machine.co.jp■Nissei ASB Machine Co., Ltd.
Since its establishment as a pioneer in the industry, Nissei ASB has globally expanded its business forthe development, manufacture and sale of plastic container molding machines for PET bottles, etc., andconsistently provided high-quality products for more than 40 years. On the sales side, the company hassales in over 130 countries, and achieves an overseas sales ratio of 90%, while on the manufacturing side,
it has built up high business competitiveness for the entire group, building a large plant in India in 1997
ahead of other companies. Under the sustainability-oriented corporate principles of “Generate affluencefor people and society” and “Maintain company growth by providing high-level technology and service,”
Nissei ASB is taking steps toward achieving a sustainable society by proactively providing environmentorientated container proposals and technological development.
https://www.nisseiasb.co.jp/ja/

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