“The Center’s opening marks the successful completion of a three-year program of major capital commitment in China. We are now looking forward to reaping the returns on these investments in the final stage of our long-term plan (FY08-10), while continuing to explore new investment opportunities as we work towards our FY08 target of US$1.33 billion for consolidated sales in China,” announced Hisao Sakuta, President and CEO of Omron Corp.As part of its long-term management plan, Grand Design 2010, Omron has positioned business expansion in China alongside sales growth in new business areas as top priorities in order to achieve an intermediate goal of JPY 750 billion (US$6 billion) in consolidated sales and JPY 75 billion in operating profit for FY07. Over the three-year period from FY04-06, Omron made a series of strategic investments, totaling almost JPY 30 billion in the Chinese market. These focused on production and sales network expansion, including the establishment of a global design and production center for industrial automation in Shanghai, an automotive electronics production base in Guangzhou, expansion of an electronic components factory in Shenzhen.
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