News Release

Satake Launches New Subsidiary in Vietnam on 4/1

March 30, 2018

March 30, 2018

Satake Launches New Subsidiary in Vietnam on 4/1

To Further Enhance Satake Global Network

Hiroshima, Japan; March 30, 2018 - SATAKE announces the opening of its newest group company, Satake Vietnam Co., Ltd. in Ho Chi Minh City, Vietnam, on April 1st, 2018.

Satake has been involved in rice milling industry in Vietnam since the 1980s. In 2011, Satake established a local joint company, GR Satake Engineering Vietnam (GRSV) to improve maintenance services in the area. Along with an increase in production and export of rice in Vietnam, GRSV continued to increase its share of rice processing equipment in larger scale rice milling facilities. To support current customers and to further expand its market share in all aspects of rice milling industry in the country, Satake has decided to start up a new subsidiary that can fully utilize Satake's service network.

Satake Vietnam completes the acquisition of GRSV by the end of March and starts its business from April 1st. It will be the main strategic sales office for Satake equipment in the country as well as supplier of ancillary equipment to Satake designed rice milling plants in other Asian countries.

Yoshimasa Tomoyasu, General Manager of Asia Business Division, says "Vietnam is currently one of the top rice producing countries and the trend will continue. The new Satake Vietnam will not only meet the demand of the expanding domestic market but also take an important role among Satake group companies as part of the Satake Global Network, supporting our valued customers internationally".

About Satake Vietnam

Name: Satake Vietnam Co., Ltd.
Address: Copac Square 12 Ton Dan Street, Ward 13, Dist. 4 HCMC
Country: Socialist Republic of Vietnam
Openingļ¼š April 1st, 2018

* Please note descriptions in news releases are accurate as of the date of release and may differ from the most up-to-date information.

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