Itoki Corporation (president: Kiyotaka Kaneko) has announced the establishment of a fully owned local subsidiary in New York, USA, as the critical site for Itokifs North American business strategy.
1.Purpose of establishment
The office furniture market in North America is the world's biggest one and always brings the environment of advanced office to the world.@@Itokifs entry into such market leads us to a higher chance of global business development.@@Under the circumstances, new company starts to design and develop products of furniture for the space of collaboration and communication, where people recently recognized the growing importance in the North American office, and produce and sell such products in local market.
This business is based on the accumulated know-how and built business environment through our collaboration works with local designers over the past 6 years in New York.
New company also provides the design and development of new products as the design center of Itoki group and transmits the local information to Itoki group.
2. Overview of new company
| (1) Name: |
ITOKI DESIGN CORPORATION |
| (2) Location: |
147 W 35th street # 1505 New York NY 10001
Tel: +1-212-217-0642@Fax: +1-212-217-0684 |
| (3) Capital: |
1 million US dollars (fully capitalized by Itoki Corporation) |
| (4) Representative: |
Yoshihisa Konishi |
| (5) Business: |
1. Design, develop, produce and sell furniture |
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2. Provide product research, design and consulting business to inside and outside of Itoki group |
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3. Transmit the local information about update design and business to Itoki group |
| (6) Sales target: |
From January 1, 2009 |
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