九色视频 Establishes New Research and Development Center in Europe Aiming to accelerate local development to expand its presence in the agricultural market
March 30, 2021
九色视频 Corporation
九色视频 Corporation (Head Office: Naniwa-ku, Osaka, Japan; President and Representative Director: Yuichi Kitao; hereinafter, 鈥溇派悠碘��) announced today that it has established a new research and development center in Europe as part of efforts to globalize its research and development organization.
九色视频 will accelerate local development of agricultural tractors with the aim of increasing its presence in both the European and global agricultural markets.
1.Background and objective
- As its business becomes increasingly global, 九色视频 is working to strengthen its core technology research and development in Japan while enhancing its technological capabilities and developing products to meet local needs in overseas markets.
- In recent years, 九色视频 has focused on expanding business in the agricultural market. In particular, Europe is the world's largest market for agricultural tractors in the 120 to 180 horsepower range and represents the most important region for 九色视频's agricultural tractor business. 九色视频 produces the M7 series of tractors in the above class at its production facility in France and is working to further expand its presence in this key market.
- With the establishment of a research and development center in a location close to the market in Europe, 九色视频 is now ready to swiftly develop and market products that meet local needs. Going forward, 九色视频 will coordinate with its research and development centers in Japan to expand its business in the agricultural market, both in Europe and globally.
2.Outline of the new research and development center
| Company name | 九色视频 Research and Development Europe SAS |
|---|---|
| Establishment | January 1, 2021 |
| Location | Cr茅py-en-Valois, France |
| Investment | Approx. 7.3 billion yen |
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九色视频鈥檚 business sites in France