Nichirin President Ryuichi Maeda Details Plans to Boost Global Profitability Through New Business

Nichirin Co. Ltd. (TYO:5184) President Ryuichi Maeda has revealed that as part of its European restructuring efforts, the automotive hose manufacturer intends to start up hose assembly operations in the central Bulgarian town of Karlovo this March. This assembly will be contracted out to a local manufacturer. Then if automaker approval can be obtained, the company intends to move half…

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