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NIKKISO Pumps KOREA LTD.

01/26/2001

Nikkiso has newly established 100% owned subsidiary company, NIKKISO Pumps KOREA LTD., while dissolved 50% J/V company Samjin-Nikkiso Co., Ltd.

Although NIKKISO Pumps KOREA is currently a sales company of imported products from Nikkiso Japan, it's expected to have its own production line in Korea in future, playing an important role for Nikkiso's world-wide business strategy.

1.An overview of NIKKISO Pumps KOREA LTD.

Company name NIKKISO Pumps KOREA LTD.
Address 8F Bulin B/D 42 Ulchiro 1 Ga Chung-Ku, Seoul, Korea
Paid up capital WON 500mil (100% owned by Nikkiso Co., Ltd.)
Business line Manufacture, sales of Nikkiso pumps and repair
President Hiroaki Shimizu (Managing Director of Nikkiso, Japan)
Open 24th Jan. 2001

NIKKISO Pumps KOREA LTD.


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