Nippon Mining & Metals Merges with Nikko Fuji Electronics

Nippon Mining & Metals announced on Monday the firm merges its 100% subsidiary, Nikko Fuji Electronics, on April 1st, 2010. Nikko Fuji Electronics is a manufacturer of surface-treated electronic materials and components headed in Ibaraki, Japan. The main customers are connector makers, those who are expected to accelerate offshore operations. Nippon Mining & Metals and Nikko Fuji Electronics agreed in the merger to utilize Nippon Mining & Metals Group’s management resources and strengthen Nikko Fuji Electronics’ product development capacity and bargaining power.

Nikko Fuji Electronics’ 2 domestic plants in Isohara and Hitachi with the employees will be succeeded by Nippon Mining & Metals. As to Nikko Fuji Electronics’ overseas business sites in Wuxi and Dongguan of China and Malaysia, Nippon Mining & Metals will take over Nikko Fuji Electronics’ equities in these affiliates.

Nikko Fuji Electronics was established in 1948 with a capital of 300 million yen. The firm succeeded the precise plating business from Nippon Mining & Metals in 2001 and established an integrated production process for plating and pressing. The firm’s plating products are used as connector pins for automotive air bags, cellular phones, flat televisions and digital cameras.

Nikko Fuji Electronics’ annual revenue was approximately 6.1 billion yen in fiscal 2008 ended in March 2009. There were 152 employees as of the end of September 2009.