Nifco was founded in 1967 when industrialization was progressing at a remarkable speed in Japan. At the time, there were numerous automobiles and consumer electronics assembly lines in factories, which were the propelling power of Japanese economic development. It was an era of mass production in which efficiency was of the utmost importance.
Our company had the foresight to cut the energy, manpower, and costs in these assembly lines, and has continued to develop products that meet users' needs ever since.
Small fasteners having the characteristics of light, non-rusting, precision-suitable plastic products, contributed greatly towards cost saving in the automotive and consumer electronics industries and also improved production lines. Products derived from Nifco's ideas caused a "Fastening Revolution" in Japanese industries.
Due to an increased demand in plastic fasteners, we were listed on the Second Section of the Tokyo Stock Exchange only 12 years after our establishment, and moved onto the First Section in 1984.
With regard to our main business focused on the development of car parts, we strive to deliver the needs for automotive manufacturers to make vehicles lighter. To this end, in addition to fasteners and our other existing interior and exterior parts, we have released a countless number of products to the market, including filters and other fuel system parts that are compliant with strict environmental requirements, and engine transmission products that require very specialized technological capabilities. We are also focusing our efforts on developing electric car parts.
Meanwhile, we continue to create and provide new values in home solution businesses by developing products that contribute to security, safety, and comfort.
We endeavor to continue to specialize in innovative and creative technological development and propose attractive new products.
Our global development started in 1983 in Taiwan, and since then, we have established branches in countries in North America, Europe, and Asia. In addition to emerging economies, we have been reinforcing branches in European areas in the recent years to expand market share. We aim to strengthen the inter-branch networks, enhance the production and development structures, and intensify the manufacturing of products with high added value to prepare for our further globalization. As our globalization continues, we will also strive to develop human resources who are able to participate in global business activities, ensuring that we will maintain our strength to offer our creative ideas.
To mark half a century since our establishment, Nifco will unveil a new corporate logo and slogan on April 2018 as we embark on our next 50 years.
As we keep pace with the rapidly changing global landscape, we will continue to strive to become a creative company that can generate excitement and surprise.