FlexLink and Tsubakimoto Chain Co. cooperating for growth in Japan

Japan is a leading market for industrial automation and offers substantial growth opportunities for the combined offer of Tsubakimoto Chain Co. and FlexLink.

The target is to grow substantially within a broad spectrum of manufacturing industries within the Automotive, Electronics, Fast Moving Consumer Goods (FMCG) and Healthcare segments.

Tsubakimoto holds a strong position within the automotive and pharmaceutical industries and partner network. Combined with FlexLink’s product range, and engineering competence in the Electronics, FMCG and Healthcare industry, a strong platform for providing production logistics solutions and engineering is created to support industry throughout Japan.

The cooperation agreement was signed May 31 and will be effective July 1’st, 2010. To support this purpose, Tsubakimoto have set up a new division, Module Business, with the responsibility for sales and engineering of the combined offer.

Mattias Perjos, CEO at FlexLink. “Through this co-operation we are joining world leading products, experienced application engineering and strong local presence throughout Japan. Existing and new customers of Tsubakimoto and FlexLink will benefit from the highest level of delivered products and services enabling strengthened competitiveness in their production.”

Tsubakimoto Chain Co. is the world's premiere manufacturer and developer of power transmission products. Tsubakimoto Chain is also a leader in the development and production of factory automation systems, physical distribution systems, and electronic control devices. Tsubakimoto Chain operates factories worldwide and its network of sales subsidiaries and affiliates markets its products in more than 70 nations.

FlexLink Group

For further information, please visit www.flexlink.com or contact:

Mattias Perjos

CEO, FlexLink AB
+46-31-337 1626
mattias.perjos@flexlink.com

Klas Ålander

Corporate Communications, FlexLink AB
+46-31-337 2499
klas.alander@flexlink.com