July 9, 2015
July 2, 2015
On June 29th, Satake signed a strategic partnership agreement with Alapala Machinery Industry & Trade Inc. (hereinafter "Alapala", Head office: Corum, Turkey, Chairman: Mr. Ismail Alapala) to manufacture, develop and market both companies' cereal milling machinery.
1. Background and Purpose of this Agreement
Satake is a manufacturer of grain processing equipment including rice and flour milling machinery. Alapala is a manufacturer of flour milling machinery.Recently Turkish manufacturers have made significant progress in the global flour milling industry whilst of these Alapala commands the largest sales record.Satake already has an existing trading record with Alapala and enjoys a good trading relationship.In working toward this strategic partnership agreement with Alapala, Satake has been able to further develop their trading relationship as well as driving forward competitiveness by complimenting and sharing business activities in each of the companies' strongest areas.In April 2015, the two companies reached a preliminary understanding on the strategic partnership agreement and completed an umbrella agreement. These agreements were officially signed at Satake's headquarters in Hiroshima on June 29th.We will complete the detailed agreement in or after July.
2. Partnership Fields
Product development, manufacturing, procurement, sales, marketing, after-sales service.
3. Significance of this Agreement and Future Prospects
This agreement will produce multifaceted benefits to Satake and Alapala.Effectively utilizing, complementing and sharing technology, sales capabilities and human resources will promote the efficient development of competitive products, expanding market share, increasing sales and decreasing costs.We look forward to expanding our global sales by actively developing markets in which Satake and Alapala have a strong presence.
4. Comments from the both Companies
(1) Dr. Toshiko Satake, Chairperson, Satake
We are pleased to have the opportunity to expand our global businesses in the grain industries by combining our considerable strengths in R&D, manufacturing, marketing, sales and after-sales service within both companies.
(2) Mr.G?rkem Alapala, Vice Chairman, Alapala
With the combined synergies of Alapala and Satake, this partnership will enable both companies to offer unique services to the grain industry.
* Please note descriptions in news releases are accurate as of the date of release and may differ from the most up-to-date information.