Hamamatsu Metal Works to form as independent MIM business following Teibow split
Noritsu Koki Co., Ltd, headquartered in Tokyo, Japan, has announced plans to separate the two core businesses of its subsidiary Teibow Co Ltd, a producer of metal injection molded parts and nibs for writing instruments. The company will establish the Metal Injection Molding business as a separate subsidiary under the name Hamamatsu Metal Works Co, Ltd. This, and the remaining pen nib business (Teibow Co Ltd), will function under the scope of Teibow Holdings Co, Ltd.
TRUSTED BY INDUSTRY’S BIGGEST NAMES
Discover how we help leading brands shape the industry conversation
| Contact us |
In recent years, Teibow has seen growth potential in its MIM operation, with investments in management resources and the establishment of a new factory for mass-producing MIM components.
“Under these circumstances, our group believes that making the pen nib business and MIM business independent will strengthen the competitiveness and structure of both businesses, as well as speed up decision-making and improve the efficiency of resource allocation,” the company stated in a press release. “We decided on the company split and joint stock transfer in the judgment that this would lead to an increase in the corporate value of the company.”
The new Hamamatsu Metal Works MIM business is expected to become an independent company on April 1, 2025.
www.noritsu.co.jp
www.teibow.co.jp
