Japanese Estic Corporation to Increase Domestic Orders to Compensate for Overseas Sales

Estic Corporation is a public listed fastening device (e.g., nut runner) and assembly machine maker. Due to its inferior sales performance of automotive fastening device in China and Thailand, the company will compensate the loss of its overseas sales with increased domestic orders. Although new orders will increase the cost, the company will elevate profit by expanding the sales of tools with high profit margin. The company's new plant in Osaka will launch in February 2016, and the production of fastening device for car production line will increase by 50%.