News Release
ORIX Rentec Commences an Industrial Robot Rental Business in China
- Shanghai Technical Center Opened through Alliance with Yaskawa Electric (China) -
Apr 02, 2012
TOKYO, Japan — April 2, 2012 — ORIX Rentec Corporation (hereinafter, “ORIX Rentec”) announced today that it has commenced an industrial robot rental business under an alliance with Yaskawa Electric (China) Co., Ltd. (hereinafter, “Yaskawa Electric (China)”), a Chinese subsidiary of Yaskawa Electric Corporation (hereinafter, “Yaskawa Electric”).
By combining the industrial robotics technologies of Yaskawa Electric with the finance functions and property management expertise of ORIX Rentec, the two companies will collaborate to develop business in the expansive Chinese market.
As the world’s manufacturing center, China has a large number of plants operated by manufacturers from various countries around the world. Recently, demand for industrial robots facilitating production line automation has increased sharply, mainly due to burgeoning labor costs, a shortage of skilled workers, and the increasing sophistication of work processes. Against this backdrop, ORIX Rentec anticipates that Yaskawa Electric industrial robots, which have recently been added to its lineup, will be used in automobile component and electronic device factories.
ORIX Rentec will rent industrial robots according to customer needs, ranging from short-term one-month rentals to long-term rentals. Industrial robots are designed to be easily moved and set up using a forklift, without the need for any special installation work. At the same time, as a feature of rental, the initial cost of introducing equipment may be smoothed out over the rental period, enabling customers to start using the equipment while holding down initial costs.
Furthermore, ORIX Rentec and Yaskawa Electric (China) jointly opened the YASKAWA ORIX ROBOT Technical Center showroom in Shanghai, with the aim of further improving recognition of Yaskawa Electric robots and offering training on operating techniques. The two companies aim to expand business opportunities by allowing customers to actually try using the equipment firsthand at the showroom.
| Name | YASKAWA ORIX ROBOT Technical Center |
|---|---|
| Address | GIENKEE PLAS CENTER 1221, Hami Road, Changning District, Shanghai City |
Yaskawa Electric, with a world-class market share, has been globally expanding its industrial robot business which includes robots for a wide range of applications including arc welding. Since the 1990s, Yaskawa Electric has actively strengthened and promoted the creation of the industrial robot market in China, and boasts a large share of the Chinese market.。
ORIX Rentec was established in 1976 as Japan’s first precision measuring equipment rental company. As an industry-leading company, ORIX Rentec provides a diverse array of services to customers. Having entered China in 2004, ORIX Rentec primarily conducts rental business for various measuring equipment and machinery, mainly to manufacturing plants.
Going forward, ORIX Rentec will continue to provide services according to customer needs.
Contact Information
ORIX Corporation, Corporate Planning Department
TEL : +81-3-5419-5042 / Fax : +81-3-5419-5901
URL : http://www.orix.co.jp/grp/en/
About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 27 countries and regions worldwide, ORIX’s activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more details, please visit our website at: http://www.orix.co.jp/grp/en/
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These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “4. Risk Factors” of the “Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2010 – March 31, 2011.” |
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