ORIX and DHOWA TECHNOS Join Hands for Industrial Robot Sales and After Sale Support
Jul 07, 2015
TOKYO, Japan - July 7, 2015 - ORIX Corporation (hereinafter, "ORIX"), a leading integrated financial services group, and DHOWA TECHNOS CO, LTD. (hereinafter, "DHOWA TECHNOS"), the general engineering trading company for industrial equipment, have announced their decision to join hands and engage in the sales and after sale support of FA (factory automation) systems, including industrial robots made by YASKAWA Electric Corporation(hereinafter, "YASKAWA").
The aim of this partnership is for both companies to be able to provide comprehensive services to manufacturers seeking to introduce industrial robots to their processes, "from initial consultation, through to sales, construction, and upkeep." Leveraging ORIX's sales network, we will assist our customers with their production plant automation and efficiency needs by conducting free consultations and proposing the optimal production line structure including robotics installation support together with DHOWA TECHNOS. In addition to selling robotics equipment, we will also provide comprehensive services, from design, construction, upkeep, and maintenance of production lines, through to financial functions such as leases, and assist in all aspects of improving our customers' productivity, including application for various government grants.
Initially, we will provide our services in the Kyushu region, centered around Kitakyushu City, which is the home of YASKAWA, a leading manufacturer of industrial robot, and has been called "Robot City," with future plans to include expanding our operations nationwide.
The current industrial robot market size is estimated to grow from the 1 trillion yen as of 2015 to 2.7 trillion yen in 20 years' time*1 . The field of robotics not only forms part of the government's growth strategy, but it has also attracted attention as an industry that can contribute to significant productivity improvement among manufacturing companies, and compensate for the decline in working-age population due to the decreasing birthrate and aging population.
In the coming years, leveraging the knowhow of both companies, we will provide the services required by our customers.
*1 Source: "NEDO Robot White Paper 2014" by New Energy and Industrial Technology Development Organization
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ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group that provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in a total of 36 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities. For more details, please visit our website: http://www.orix.co.jp/grp/en/
Caution Concerning Forward-Looking Statements:
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, 2014 - March 31, 2015."
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