| April 27, 2007 |
| |
| |
| "K" LINE Opens Liaison Office in India |
| |
| Kawasaki Kisen Kaisha, Ltd. ("K" LINE) is pleased
to announce the opening of an Overseas Liaison Office in India with effective from July 1,
2007 in order to strengthen its Dry Bulk and Car Carrier Businesses in India. |
| |
| 1. Purpose |
| |
(1) |
Dry Bulk Business: India is sustaining a high rate of
economic growth and given expectations for a considerable increase in dry bulk cargo
movements in the near future, "K" LINE will strengthen dialogue with existing
customers locally and by picking up new customers expand its business opportunities.
"K" LINE is focused on proactive initiatives in its business overseas under its
new intermediate management plan "K" LINE Vision 2008+, and placing a
liaison in India enables improved information gathering. |
|
(2) |
Car Carrier Business: Further sales increases and
significant production centered on economy compact cars are anticipated in the Indian auto
industry due to the expansion of domestic demand in light of healthy economic growth and
the government-led policy of positioning India as a center for the supply of compact cars.
Already, in exports of complete cars, mainly by domestic automakers, shipping to the
Middle East, Africa, Asia and Eastern Europe is on an upward trend. With Japanese, South
Korean, American and European automakers actively expanding production capacity at their
Indian plants, full-scale exports are in view. The establishment of a liaison office in
such a market expands "K" LINE’s car carrier service network in the Indian
Ocean Rim and actively promotes the entry to new owners of cargo and new cargoes. |
|
| |
| 2. Date of Opening : July 1, 2007 |
| |
| 3. Location : Mumbai |
| |
| |
| For further information, please contact: |
| |
| Kawasaki Kisen Kaisha, Ltd. |
| |
| Kazutaka Imaizumi |
| General Manager, Drybulk Project Business Division |
| Tel: +81-3-3595-5587 Fax: +81-3-3595-5369 |
| |
| Norio Uchiyama |
| General Manager, Car Carrier Business Group |
| Tel: +81-3-3595-5454 Fax: +81-3-3595-5376 |
| Home page:www.kline.co.jp |