The Yamazaki effect: MT concentration foreshadowed
Article Abstract:
Japanese machine tool firms have made major inroads during the 1980s into foreign markets through high quality and technological innovation. There has been a backlash against Japanese imports, which the Japanese have attempted to minimize through direct foreign investment activities, such as establishing factories. A factory in Worcester, England built by Japanese machine tool company Yamazaki reveals the political and economic issues inherent in this form of internationalization. First, the plant's full operating capacity will be about half of the entire machine tool industry in the UK, which will lead to a concentration within the industry. Second, other European Community (EC) countries strongly oppose Japanese firms setting up in Europe. The existence of the plant has also raised questions with regards to EC local content requirements.
Publication Name: Multinational Business
Subject: Business, international
ISSN: 0300-3922
Year: 1987
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Swedlanka: small firm small country internationalization strategy
Article Abstract:
High unit costs caused operating difficulties for Swedish metalworking tool and die firm Conrit AB, but the company lacked the resources necessary to engage in beneficial overseas expansion. Conrit approached Swedfund, an autonomous public institution responsible for encouraging joint ventures between small-to-medium-sized Swedish firms and developing countries. The resulting joint venture was Swedlanka Engineering, a joint venture between public and private interests in Sweden and Sri Lanka. Twenty-four percent of Swedlanka's share capital is owned by Swedfund, 25 percent by Conrit AB, 41 percent by private Sri Lanka firm Phoenix Ltd, and 10 percent by the National Development Bank of Sri Lanka. Swedlanka Engineering was just below the break-even point at the end of the first year of operations.
Publication Name: Multinational Business
Subject: Business, international
ISSN: 0300-3922
Year: 1987
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Machine tools: growing internationalization in a small firm industry
Article Abstract:
The machine tool industry around the world is still characterized by small to medium-sized firms, with very little foreign direct investment in any country. These conditions may change as Japanese firms attempt to dominate world production, and technological change within the machine tool industry continues at a rapid rate. A new pattern may emerge within the industry of larger multinational firms and foreign investment.
Publication Name: Multinational Business
Subject: Business, international
ISSN: 0300-3922
Year: 1987
User Contributions:
Comment about this article or add new information about this topic:
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