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• Publisher: Elsevier Science
• Year: 2003
• Tongue: English
• Weight: 20 KB
• Volume: 2003
• Category: Article
• ISSN: 1464-2859
• DOI: 10.1016/s1464-2859(03)01018-6

✦ Synopsis

Quantum to make tanks in Japan for Asian market

California-based Quantum Technologies aims to establish a new company in Japan by mid-2005, and build a hydrogen tank manufacturing facility there by 2008. The plant's output will be sold in Japan and other Asian countries, Quantum's president/CEO Alan Niedzwiecki has told the Nihon Keizai Shimbun.

The subsidiary will be headed by a Japanese executive, and will commence operations with several engineering staff. The plant will be Quantum's first production facility outside the US; its location will be selected after the new company is set up. Annual output of hydrogen tanks is projected at 40 000-100 000 units.

Quantum's sales to Japanese firms, which currently stand at 20% of its total sales, are projected to increase to 30-35% of its business by next year. The company also intends to serve automakers in other parts of the Asia-Pacific region outside Japan.