In the business environment surrounding the Topy Industries Group, demand for automobiles and steel is expected to grow, particularly in the emerging countries of the world, while strong growth in domestic demand is unlikely due to the aging and declining population, among other things. Furthermore, in terms of demand for construction machinery and mining machinery, the recovery is still delayed as uncertainties remain, however, expansion in the longer term driven by the increasing global population and a rise in urbanization rates is expected.
Under the new medium term consolidated management plan, the Group will strive for continuous growth by continuing to promote global “Growth” and “Change” to achieve a highly profitable business structure, positioning the Automotive & Industrial Machinery Components Business as a growth driver and accelerating global business development. It will also take on new challenges by creating new ways of using proprietary technology to generate new businesses.
TOPY INDUSTRIES, LIMITED President and CEO