;
Home / Knowledge / News / Textiles / Morito-KFS jointly operate hook & loop fasteners biz
Morito-KFS jointly operate hook & loop fasteners biz
07
Apr '08
Morito Co Ltd and Kuraray Fastening Co Ltd (a 100% subsidiary of Kuraray Co Ltd, hereinafter KFS) jointly operate a business for the sale of hook and loop fasteners.

MAGIC TAPE and MAGILOCK manufactured by KFS. With the goal of further reinforcing the existing business partnership and forging an even closer capital partnership framework, these two companies and Kuraray have reached an agreement. Brief details are as follows.

1. Background and Objective of Business and Capital Partnership
KFS hook and loop fasteners have received wide support in Japan for their high quality and wide brand recognition. As Japan distributor for these products, Morito is cooperating with KFS in sales and marketing. In recent years, however, with the globalization of the market, the offshore transfer of production, the diversification of needs and other factors, the environment surrounding the business has changed dramatically. In light of these changes, both companies see a need to construct a new business model.

Morito, a specialized trading company that handles a wide range of commercial materials, such as grommet setters and hooks in the garment and industrial material (including automobile-related) fields, possesses an extensive marketing network and a strong sales force in Japan. KFS, on the other hand, as a specialized producer of hook and loop fasteners, boasts a unique product line coupled with advanced technological and development capabilities.

In order to generate greater synergistic effects and effectively respond to market needs, both companies have decided to forge a business and capital partnership agreement that leverages their individual strengths.


Must ReadView All

Myanmar requests EU not to revoke trade preference

Apparel/Garments | On 21st Jan 2019

Myanmar requests EU not to revoke trade preference

Myanmar Government officials and businesses have requested the...

Tanzania spends Sh7 bn to boost cotton production

Textiles | On 21st Jan 2019

Tanzania spends Sh7 bn to boost cotton production

Tanzania has injected Sh7 billion for distribution of insecticides...

India to soon have own standard for apparel size: minister

Apparel/Garments | On 21st Jan 2019

India to soon have own standard for apparel size: minister

India will soon roll out a size project for Indian apparel on the...

Interviews View All

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search