Nissan To Create New Global and Domestic Headquarters in Yokohama City by 2010
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Nissan To Create New Global and Domestic Headquarters in Yokohama City by 2010 - JCN Newswire
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Nissan To Create New Global and Domestic Headquarters in Yokohama City by 2010

 Nissan
Yokohama, June 24, 2004 - (JCN Newswire) - Nissan Motor Co., Ltd. (TSE: 7201), will relocate most of its head office functions and personnel to an all-new global and domestic headquarters in Yokohama City, district 66 in Minato-Mirai. The project was announced today in Yokohama City by Nissan President and CEO Carlos Ghosn and Yokohama City Mayor Hiroshi Nakada.

"Moving our global and domestic operations to Yokohama makes a lot of sense for Nissan," said Mr. Ghosn. "Our current facilities in Tokyo have served us well over the years, but the management of our global business will require a more advanced, flexible environment that will allow us to work more efficiently and cross-functionally."

Yokohama City Mayor Nakada said: "Since I assumed my current position, my belief has been that the mission of the government is to create an environment that makes Yokohama a city where people's potential can be fully demonstrated. The establishment of an ordinance to solicit businesses to Yokohama was part of the effort, and Nissan was the first to respond to this initiative.

"I understand that the company is decisive and has a will to act whenever it recognizes the benefit," he added. "Nissan's move explains why the company has been able to revive in a short period of time. I would like to express my warm welcome to one of the world-class companies to Yokohama."

Nissan will transfer at least 2,000 of the 3,000 employees based in Ginza to the new facility in Yokohama. Additionally, Nissan will relocate its purchasing, manufacturing and logistics operations currently based in Ginza to its Atsugi Technical Center.

Following yesterday's approval by Yokohama City for public invitation for district 66 of the Minato-Mirai area, Nissan will begin construction of the new facility in 2007 . The new facility is expected to be fully operational in 2010.

Locating its headquarters in Yokohama City will allow much closer collaboration with the Nissan Technical Center in Atsugi, with its Yokohama and Oppama plants as well as with key suppliers and other operational partners in the region. A combination of convenient public transportation and access to major expressways also makes the Minato-Mirai area attractive for Nissan and its employees.

"We look forward to joining this community and to contributing to the forward-thinking spirit that exists in Yokohama City and Kanagawa Prefecture," said Mr. Ghosn.

More details concerning the design and construction plan for the new facility will be made available at a later date.

About Nissan

Nissan Motor Co., Ltd. (TSE: 7201; NASDAQ: NSANY) was established in 1933 to manufacture and market the Datsun, a small passenger car, and related automotive components. The company markets a wide range of passenger cars, commercial vans, trucks and buses, parts and components in over one hundred and seventy countries. The company has also expanded its operations to include forklifts, textile machinery and other industrial machinery and equipment. Nissan's affiliation with French automaker Renault in 1999 has helped produce Nissan's best results in a decade. The company has three hundred and forty two consolidated subsidiaries worldwide. For more information, please visit www.nissan-global.com .
 


June 24, 2004
Source: Nissan

Nissan (TSE: 7201) (NASDAQ: NSANY)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Construction of Facility
View more news from these Sectors: Automotive General, Automotive General, Automotive General, Automotive General


 
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