Fujitsu and INESA Establish Joint Venture to Develop the Smart Manufacturing Market in China
Mar 10, 2018
Fujitsu Limited,Fujitsu (China) Holdings Co., Ltd.
Tokyo and Shanghai, March 09, 2018
Fujitsu Limited, Fujitsu (China) Holdings Co., Ltd., and INESA (Group) Co., Ltd., a major state-owned company in China that provides smart city solutions, today announced the establishment of INESA Intelligent Technology Co., Ltd., a joint venture that will provide services and a platform for smart manufacturing solutions in China.
Around the world, the manufacturing industry is an important element in improving the competitive strength of a country. China is therefore promoting innovation in the smart manufacturing field in accordance with its "Made in China 2025" plan(1) , which aims to strengthen the competitiveness of its manufacturing industry.
Fujitsu and INESA began their collaboration in the smart manufacturing field in 2015, and expanded the scope of that collaboration in 2017, agreeing to a broad-based collaboration in fields such as smart manufacturing and smart cities. This establishment of a joint venture represents a new stage in this collaboration aimed at developing the smart manufacturing market in China for the two companies.
By linking the experience INESA has developed on the front lines of manufacturing for over 80 years with Fujitsu's ICT technologies such as IoT, big data, and AI, this new venture will provide total solutions for the manufacturing industry in China, optimizing customers' manufacturing processes, improving the efficiency of factories, and reducing costs through detailed manufacturing management.
Moreover, by building a smart manufacturing ecosystem, the two companies aim for the new venture to establish industry standards in China's smart manufacturing field and become a model company in the industry, thereby contributing to the achievement of the "Made in China 2025" plan.
Details of the New Company
Company NameINESA Intelligent Technology Co., Ltd.Headquarters168 Tianlin Road, Building 1, Xuhui District, ShanghaiCapitalRMB 35 million (ownership ratio: INESA 51%, Fujitsu (China) Holdings 49%)Business DescriptionProviding comprehensive solutions, including industrial IoT solutions, factory digitalization solutions, a smart manufacturing innovation platform, and related consulting services
Comment from Tatsuya Tanaka, President and Representative Director, Fujitsu Limited
In establishing this joint venture, Fujitsu's relationship with INESA has entered a new stage, further strengthening our collaboration in the manufacturing field. Our two companies are working to develop China's smart manufacturing market under the country's national strategy of "Made in China 2025." This is an opportunity to further expand the scale of our business in China, and it is our hope to contribute to the development and structural transformation in China's manufacturing industry, providing even better solutions and services to its manufacturers.
[ Made in China 2025
On May 8, 2015, China’s State Council unveiled its first 10-year national plan for transforming China’s manufacturing, entitled “Made in China 2025.” The plan is designed to put China on a new path to industrialization, with greater emphasis on innovation, expanded use of new-generation information technology, intelligent manufacturing, consolidation of the industrial base, integration of industrial processes and systems, and a robust multilayer talent development structure. Measures taken in this respect will facilitate China’s transformation from a manufacturing giant with a focus on quantity to one with a qualitative edge.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.
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All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 09 March, 2018 City: Tokyo and Shanghai Company: Fujitsu Limited ,Fujitsu (China) Holdings Co., Ltd
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