Citizen Holdings has confirmed it now holds 65 per cent of fellow Japanese machine tool maker Miyano.
This shareholding is an increase on the previous 29.9 per cent taken by Citizen in January 2007.
Both manufacturers have successful subsidiary companies in the UK (Citizen Machinery UK and Miyano Machinery UK) that have represented the respective brands for more than 25 years.
Miyano is focused on fixed-head bar turning above 32 mm and up to a maximum of 64 mm bar diameter, while Citizen, through its Citizen Machinery Company operation, offers sliding-head technology up to 32 mm bar diameter.
Geoff Bryant, managing director of Citizen Machinery UK, said: “While we share common ground of turn-mill, unmanned machining technology and have many common customers in the UK, Citizen is the market leader with more than 50 per cent of the sliding-head market. Our business is totally geared to support our customers.”
Miyano Machinery UK general manager John Stretton added: “Our strength is in the larger capacity bar machining sector, which demands a different approach and expertise to successfully support turn-mill technology. Miyano has a bar turning focus which differentiates us from other fixed headstock competitors. The inclusion of Citizen’s world leading, productivity-enhancing software technology that is able to significantly reduce non-cutting times, will further increase our competitive edge.”
Both UK companies have benefited from the shared staging of events such as recent Open Houses and co-operation at MACH 2000 in Birmingham in May.
|