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Zuiko Corporation ( (JP:6279) ) has provided an update.
Zuiko Corporation’s subsidiary, Cotex Corporation, has entered into a basic agreement to acquire the spunlace nonwoven fabric business from Unitika Ltd. This strategic move aligns with Zuiko’s medium-term business plan to diversify and enhance its product offerings in the hygiene sector. By acquiring Unitika’s spunlace nonwoven fabric business, Zuiko aims to leverage its expertise in cotton products to expand its market presence domestically and internationally, ultimately improving profitability and product value.
More about Zuiko Corporation
Zuiko Corporation operates in the manufacturing industry, focusing on hygiene products manufacturing machinery. The company is expanding its business portfolio by entering new business fields that complement its existing technologies.
Average Trading Volume: 49,180
Technical Sentiment Signal: Sell
Current Market Cap: Yen26.58B
See more insights into 6279 stock on TipRanks’ Stock Analysis page.