Announcement of Establishment of a Joint Company in Europe
June 27, 2019
Daiichi Jitsugyo Co., Ltd.
(“DJK”, Head Office: Japan, President & CEO: Ichiro Uno) and CIS Co., Ltd. (“CIS”, Head Office: Republic of Korea, President & CEO : Kim Soo Ha) have resolved to jointly establish DC Energy GmbH on June 27 2019, a new company in Frankfurt, Germany, specializing in sales of lithium ion battery manufacturing equipment.
In the auto market in Europe, gasoline and diesel engine regulations have been significantly tightened; demand in rechargeable battery manufacturing equipment for electric vehicles has been on a high increase. Since DJK has concluded that there will be much potential for further business growth under tailwind conditions from such a booming market, DJK has reached an agreement to jointly establish a new company in Europe with CIS, a manufacturer of rechargeable battery manufacturing equipment. The joint company will proactively develop business and contribute to environmental conservation, utilizing CIS’s technology as well as DJK’s group-wide knowledge and sales force.
Company Name : DC Energy GmbH
Location : Mergenthalerallee 79-81, D-65760 Escborn, Germany
Director : Iraka Aoki, Daijiro Kodama, Lee Kisu
Line of Business : Sales of lithium ion battery manufacturing equipment
Capital : 25,000 Euros
Fiscal Closing Month : March
Establishment Date : September 20, 2019 (Projected)
Ownership : DJK 60%, CIS 40%
Company Name : CIS Co., Ltd.
Location : 37 Palgong-ro 47-gil, Dong-gu Daegu, 41028, Republic of Korea
Representative : Kim Soo Ha
Line of Business : Manufacturing of rechargeable battery manufacturing equipment and automation equipment
Capital : 5,362 million Won
Capital : None
Human Resources : None
Business : Existing DJK’s vendor for lithium ion battery manufacturing equipment
Date of Joint Agreement : June 27, 2019
Date of Joint Establishment : September 20, 2019 (Projected)
Date of Operation Start : September 20, 2019 (Projected)