Building B-300 A, Indospace Industrial Park, Block-B, Panruti Village, Oragadam, Walajabad Road, Sriperumbudur Taluk, Kanchipuram Dist – 631 604, India
An electric power equipment supply manufacturer in Kyushu aimed to develop an anti-vibration nut to improve the safety of joints affected by vibration loosening of nuts and bolts. Initial designs and tests were carried out by a local spring maker, but they were unable to produce an effective product in the required commercial quantities. The company’s technical director approached Advanex on the web for cooperation on the proposed product.
The Solution
It took around five years to complete the product’s development from initial inquiry to a highly successful product used in various industries. Advanex was able to provide a solution through:
Advanced manufacturing equipment and technology
Superior craftsmanship
Strict quality control
The only requirement the customer had for the product was to create a unique nut that used spring force to prevent it from ever loosening from a bolt through vibration. Even if just one bolt was to come loose it could be the cause of a serious accident.
In order to demonstrate the product, it was subjected to strict severe acceleration tests using the customer’s own vibration testing machine, which was the only one of its kind in Japan.
If a successful product could be mass-produced, there would be a huge commercial advantage to be had by the customer as the leading national supplier to a large market.
Advanex was able to create an ideal solution to this complex problem. The combined sense of achievement felt between Advanex and the customer cannot be expressed in words. The customer dreamed of evolving from a local brand into a national leader and that was achieved. They continue to expand into markets overseas.
It is compound word of “ADVANCE” and “NEXT”. We changed our company name from KATO SPRING WORKS. CO., LTD. to ADVANEX in July 2001 with the will of continuing to advance to next generation.
When was ADVANEX listed in Tokyo Stock Exchange?
It was listed to part 2 in May 1946 and listed to part 1 in Mar 2004.
Our group mission is “Satisfaction- plus network” for a better world. Our goal is to become “Innovation Convenience Store”, which provides “Eureka!” to the customers in the field of “Idea & Solution design” and to become high-return company, which is trusted from customers.
What is the policy about profit sharing?
One of our most important targets for the management is to realize the best profit sharing for shareholders. To maintain and strengthen the business base for the continuous growth of the company, we would like to keep the appropriate and stable dividend policy under the well balanced level for the retained earnings, and profit-sharing. The Company regrets that it will suspend the payment of annual dividends for the fiscal year ending March 2010, reflecting the business results. The company is undertaking various measures to streamline the group’s operations to tackle the worsening earnings environment and a rapid change in economic climate. The company will strive for the resumption of dividend payment as soon as possible by further improving the overall operating base including its financial strength.
