UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
month of March, 2011
Commission file number 0-12602
MAKITA CORPORATION
(Translation of registrants name into English)
3-11-8, Sumiyoshi-cho, Anjo City, Aichi Prefecture, Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1): x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
For immediate release
March 28, 2011
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Company name: |
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Makita Corporation |
Representative: |
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Masahiko Goto, President, Representative Director & CEO |
Stock ticker code: |
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6586 |
Announcement Concerning the Establishment of
Manufacturing Subsidiary in Thailand
Makita Corporation (Head office: Anjo, Aichi Prefecture, Japan) announces that it has
established a manufacturing subsidiary in Thailand. The subsidiary will start manufacturing in the
fiscal 2012.
The world demands for power tools are rapidly recovering from the stagnation after the Lehman
Shock. In addition, it is expected that the demands from emerging countries in Asia and other
regions will continue strong. Makitas consolidated net sales
for the year ending March 31, 2011 are
also heading for recovery, and we expect the sales will increase by 8.6% compared to the previous
year to 267 billion yen.
Currently Makita has nine manufacturing plants in the world: two in Japan, another two in
China, and one each in the United States, U.K., Romania, Brazil and
Germany. In Asian region the first Chinese plant started operations in 1995 and today these two plants in China have become core
production sites for Makita. By establishing the second production center in Asia, where the
demands will further increase, we will reduce the production lead time mainly for Southeast Asian
countries, and still the more strengthen our production structure to flexibly and quickly respond
to demands.
The details of the Thai manufacturing subsidiary are as follows.
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1.
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Company name:
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Makita Manufacturing (Thailand) Co., Ltd. |
2.
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Capital:
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800 million baht (Approximately JPY2.2 billion) |
3.
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Form of investment:
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100% by Makita Corporation |
4.
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Location:
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Sri Racha, Chonburi Province, Thailand |
5.
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Establishment:
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March 24, 2011 |
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Commencement of plant construction: |
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June 2011 (Scheduled) |
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Commencement of production: |
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July 2012 (Scheduled) |
8.
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Number of local personnel: |
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Approximately 300 (Scheduled) |
9.
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Lines of business:
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Production of power tools and
gardening equipment (From processing of
motors and other parts to assembly) |
10.
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Land area for the plant:
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Approximately 106,000 m2 |
11.
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Floor area of the plant:
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Approximately 30,000 m2 (Scheduled) |
12.
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Planned production:
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50 thousand units per month (Scheduled) |