Reorganization of Valve Business in Korea
KITZ Corporation announced the decision to consolidate its manufacturing and sales sites for the Valve Manufacturing Business in Korea. Through this consolidation, we aim to enhance sales capabilities for Korean customers as well as strengthen the stable supply system of global products by transferring part of KITZ product manufacturing to Korea.
Cephas Pipelines Co., Ltd. will absorb and merge with KITZ Corporation of Korea. The new company resulting from this merger will be named KITZ Corporation of Korea and will manufacture Cephas brand products as well as some KITZ products.
Consolidation of manufacturing and sales sites for the Valve Manufacturing Business in Korea.
|New Company:||KITZ Corporation of Korea|
|Head Office:||20, Hwajeonsandan 6-ro 54beon-gil, Gangseo-gu, Busan, Korea|
|Representative Director:||Tsuyoshi Yuzawa|
|Merger Date:||September 20, 2023|