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Citizen forms equity and business alliance with Miyano
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22/01/2007
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Citizen Machinery Co, a division of Citizen Watch Co, has formed an equity and business alliance with fellow Japanese company Miyano Machinery, following acquisition by Citizen of 29.9 per cent of the stock of Miyano.
Citizen claims to be "clear world leader" in CNC sliding-head machine tool technology for material up to 32 mm bar size and Miyano, "clear leader" in high productivity fixed-head mill/turning in capacities between 35 mm and 65 mm bar size. Both companies are complementary in their respective sectors, offering high productivity solutions in unmanned, multi-operational single cycle machining techniques.
By combining and sharing expertise in developing machine tools to improve productivity, the alliance will also increase economies of scale in machine tool build and enable expansion of both businesses and product lines in a global market place that has seized upon the advantages offered by single cycle machining strategies.
But both machine tool brands will maintain their independence and identities while plans will be laid to strengthen their marketing, sales and after service. Both product ranges will be represented in the UK through existing channels - Citizen through NC Engineering of Watford and Miyano by Macro CNC Machine Tools of Brierley Hill, West Midlands.
Pictured: Citizen L20
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Author
Andrew Allcock
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