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04-23-2008

Futaba / D-M-E: Cooperation

Futaba Corporation, Japan, and D-M-E Company announced the formation of a strategic alliance, which includes transfer of ownership, new product accessibility and greater distribution opportunities for both organizations. The deal was finalized on March 31 with the final transfer of stock in D-M-E’s Japan joint venture, JADME, from Mitsubishi Steel Manufacturing (MSM) to Futaba. D-M-E maintains majority ownership in JADME and will continue to focus on the mold technologies market in Japan.

Futaba, a world recognized brand known for vacuum fluorescent displays and radio control manufacturing and sales, is a leader in high-quality mold and press die set bases in Japan and Asia.

Futaba will have access to D-M-E’s industry leading advanced tooling technologies and wide range of products, including hot runners, temperature controllers, stack mold centering devices and more, enabling them to better serve the increasingly sophisticated Japanese marketplace. They’ll also have access to D-M-E’s global distribution and service network, allowing for expansion of Futaba products outside of Japan.

D-M-E will now have increased manufacturing capabilities in Asia through Futaba facilities which have the ability to offer more timely, cost-effective, quality production and distribution in this growing region. In addition, the alliance will enhance D-M-E’s mold base and component offer to customers around the world.

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