Yokogawa announces Reorganization of Measuring Instruments Business
Yokogawa Electric Corporation announces that on April 1, 2010 it will reorganize its measuring instruments business by transferring its main product lines to Yokogawa Meters & Instruments Corporation.
Product Lines to be transferred
Currently, Yokogawa's measuring instruments are divided into two categories: advanced measuring instruments for R&D and other uses that are sold by Yokogawa Electric, and other products used mainly in electrical equipment maintenance that are sold by Yokogawa Meters & Instruments. Integrating and optimizing the two companies' resources will establish a new value chain and create an organization that can quickly respond to rapidly changing circumstances in the global market, Yokogawa Meters & Instruments will lead Yokogawa’s measuring instruments business and aim for greater growth by improving efficiency and cost competitiveness in all aspects of its businesses, as well as by expanding business in Japan and growth markets in other countries
Reasons for the Integration
Although the measuring instruments business has been slow in Japan due to curbs on capital investment by major customers in the Japan automotive and electronics industries, signs of growth are becoming apparent. Thanks to a global trend towards a low-carbon society, sales of measuring instruments that help to save energy are booming. In addition, a steep increase in demand for electronic and optical measuring instruments is expected mainly in emerging markets such as China. This makes it essential to drastically revamp the business organization and speed up its activities focusing on new markets for energy-saving-related solutions and emerging markets.
Yokogawa integrates the resources of its measuring instruments business to develop products that meet user needs, enhance cost competitiveness and conduct business processes in marketing, development, and sales more quickly and efficiently with a customer centric approach.
Yokogawa Electric will continue to invest actively in its secondary battery solutions business and its advanced measurement business, which provides solutions based on such technologies as spectroscopic analysis. Our core measurement technologies can be applied in many fields including control. The R&D efforts of Yokogawa headquarters will yield advanced measurement technologies that can be used by every company in the Yokogawa Croup.
Company profile: Yokogawa
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