Terumo Corporation announced today that it has established "Terumo Asia Holdings Pte. Ltd.", in Singapore as a holding company to manage operations in the rapidly growing Asian region and will begin its operation from April 1, 2012.
The Asian region is expected to increase its borderlessness in the future, as indicated by the progressive elimination of tariffs among some countries, in relation to plans to establish the ASEAN Economic Community by 2015. Furthermore, healthcare services are undergoing changes as seen from the progression of the collaborated effort of medical institutions and physicians across national borders.
Under these circumstances, Terumo is to reorganize its sales subsidiaries based in a total of seven countries— the Philippines, Thailand, Indonesia, Singapore, Malaysia, Australia, and Vietnam1 — under the umbrella of this holding company. In this way, Terumo intends to secure a sustainable growth by promoting agile regional business strategy through tying up with local companies for example, and streamlining the logistics.
1) After April, current branch offices in Singapore, Malaysia, and Australia, will be transferred to the local sales subsidiary companies. In Vietnam, a new local sales subsidiary company is to be established.
Terumo has previously established holding companies in the United States and China. Terumo strives to accelerate growth with global business strategies in accordance with the respective regional market characteristics.
Overview of the New Company
Name: Terumo Asia Holdings Pte. Ltd.
Location: Singapore
Capitalization at the time of establishment: 900,000 Singapore dollars
Ownership: 100% by Terumo Corporation
(Notice) Among the information that Terumo discloses, forecasts of financial performance on future projections contain potential risks and uncertainty since these are forecasts on projections made by Terumo based on limited information available at the moment of disclosure. Accordingly, it should be noted that actual results may differ from those forecasts on projections due to various factors. Factors affecting to actual results include, but are not limited to, changes in economic conditions surrounding Terumo, fluctuations of foreign exchange rates, and state of competition.
The market share information in this booklet is partly derived from our own independent research.
