Japan Iwata Bolt Invests in Bases and Rebuilds Head Office

Iwata Bolt chairman spoke of the annual corporate condition and 2014 orientation in an industry assembly. The company's domestic revenue of 2013 slightly dropped from that of 2012, but due to the recovered overseas revenue, the consolidated 2013 revenue is around the same level as 2012. Regarding domestic investment, the company built a new office building and has transferred its businesses to the new office. As for overseas investment, it has set up a new plant in Indonesia, and a new plant in Thailand is under construction. The company is currently conducting a packing test for anti-leak of hexavalent chromium, and plans to achieve zero-defect ratio for high quality products. The company will introduce the concept of SOFI (Strategy, Organization, Finance, Implementation) to offer the most suitable fastening solutions.