Seiko nanotool subsidiary to launch new firm in China

Sept. 17, 2004 – A Seiko Instruments Inc. unit specializing in tools for nanoscale science and technology plans to open a sales and support subsidiary in China, according to the Nikkei Business Daily.

Japan-based SII NanoTechnology Inc. will launch the business next month in Shanghai in an effort to expand the market for its environmental analysis equipment and probe microscopes. The subsidiary aims to increase Chinese sales to $18 million in 2006, up from $4.5 million in 2003, the release said.

SII NanoTechnology, which spun off from Seiko in December, also plans to open offices in Beijing and Guangdong Province. The sites will be the firm’s first independent operations beyond Japan.


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