On April 1, 2005, Mitsuboshi Diamond Industrial Co., Ltd. ("MDI" below / Headquarters: Suita City, Osaka Prefecture / President: Yasuaki Miyake) absorbed the subsidiary company Wako Diamond Industrial Co., Ltd. ("Wako Diamond" below / Headquarters: Iida City, Nagano Prefecture / President: Masashi Honma)
Wako Diamond had been engaged in manufacture of glass cutting tools and components for sheet glass cutting equipment. Full integration of the company was decided at the end of last year to attain greater efficiency in business management.
Cutting edges and tools is one of MDI's core businesses. The goal of integration is to strengthen the base of this core business through comprehensive reinforcement of product development and quality assurance systems, rationalization of production, and more.
Meanwhile, to disperse risk in the case of disaster, MDI will begin business at a new Osaka Plant in April. Operated by MDI's Tool Production Division*, Wako Diamond's former place of business is to be renamed the "Iida Plant." Together, the Iida Plant and the Osaka Plant will achieve reduction of production costs and ensure stability of supply to the market. Additionally, with integration all Wako Diamond employees will transfer to MDI.
* Tool Production Division:
One of a number of divisions newly established in MDI. The Tool Production Division has overall responsibility for development and manufacture of cutting edges and tools used for cutting thin sheet glass.
- Post-integration enquiries
- Mitsuboshi Diamond Industrial Co., Ltd.
- Business Strategies Office
- 2-12-12 Minami-kaneden, Suita City, Osaka Prefecture 564-0044
- TEL: 06-6378-3847
- FAX: 06-6378-3851