Optex is pleased to announce the establishment of two local subsidiaries –Optex Pinnacle India, and Optex DO Brazil. Optex Pinnacle India is positioned as a joint venture between Optex and local consulting firm Pinnacle Sourcing & Consultancy, with its offices located in Gurgaon, India. Optex Do Brazil is a wholly owned subsidiary of Optex, located in Sao Paulo, Brazil.
Optex is pleased to announce the establishment of two local subsidiaries –Optex Pinnacle India, and Optex Do Brazil. Optex Pinnacle India is positioned as a joint venture between Optex and local consulting firm Pinnacle Sourcing & Consultancy, with its offices located in Gurgaon, India. Optex Do Brazil is a wholly owned subsidiary of Optex, located in Sao Paulo, Brazil.
At Optex, one of the essential corporate objectives is to enhance the company's presence in newly emerging nations. The launch of these new subsidiaries will serve to bolster its sales and technical capacity in two key markets – primarily to support outdoor security products. We are confident that localization of such business functions will be instrumental in raising customer satisfaction in the outdoor security market, a field in which timely product support is critical. Efforts will also be redoubled to develop a steady stream of unique new product offerings that reflect local market demand.
Optex Pinnacle India
[Comments by Nori Ueda, MD of Optex Pinnacle India]
"In India, security guards are currently utilized as the main solution for security needs. As a result, the introduction of electronic security systems has lagged behind the use levels seen in other countries. However, as the Indian economy continues to grow and labor costs rise, projections are for a shift to demand for greater use of electronic security. As this change comes to pass, it will be vital to provide solutions closely in tune with the culture and the customs of India."
[Comments by Himanshu Kapoor, Director of Optex Pinnacle India (MD of Pinnacle Sourcing & Consultancy)]
"Pinnacle Sourcing & Consultancy is delighted to be entering into a strategic alliance with Optex, and we are confident that this marks the start of an enduring win-win relationship. Optex-Pinnacle will work to meet the expanding needs of the Indian security industry with a host of innovative high-tech products from Optex. Teamed with Pinnacle's profound knowledge of the local market, the new company will excel in delivering superior value to all stakeholders." New Company Profile
Company Name: OPTEX PINNACLE INDIA PRIVATE LIMITED
Investment Format: Joint venture (Equity: OPTEX 80%; Pinnacle S&C 20%)
President: Nori Ueda, GM, India & ASEAN Business Operation Dept., Security Division
Establishment: December 2012
Location: Gurgaon, Haryana, India
Capital: 20 million Indian Rupees
Industries: Marketing and sales of security, access control and factory automation equipment
Optex Do Brazil
[Comments by Masaya Horii, President of Optex Do Brazil.]
"Optex . of North America has been exporting products to Central and South America for many years, with the Optex name a familiar presence in the countries there. The establishment of a local presence in such markets will enable us to provide even greater customer support on both the marketing and technical fronts. This is expected to raise our brand recognition to an even higher level in this part of the world."
New Company Profile Company Name: OPTEX DO BRASIL LTDA.
Investment Format: Subsidiary (wholly owned by OPTEX)
President: Masaya Horii, GM, Central and South America Business Operation Dept., Security Division
Establishment: December 2012
Location: Sao Paulo, Sao Paulo State, Brazil
Capital: 2.25 million Brazilian Reals
Industries: Marketing and technical support services of security, access control and factory automation equipment