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| Aiming to work closely and build cooperative relationships with European precious metal industry groups and related companies |
TOKYO, Dec 20, 2012 - (ACN Newswire) - On Monday, January 7, 2013, Tanaka Kikinzoku Kogyo K.K. will begin full operation of the Tanaka Kikinzoku Kogyo London Office for the purpose of building closer ties and strengthening cooperative relationships with European precious metal industry groups and related companies in London, which is one of the world's main precious metal markets.
The Tanaka Kikinzoku Kogyo London Office is Tanaka Kikinzoku Kogyo's first directly operated office in Europe, and its main operations will include serving as a European contact, conducting market research, collecting information and communicating information in London, which is one of the central precious metals markets. Personnel will also be periodically sent from Japan to the Tanaka Kikinzoku Kogyo London Office to strengthen training of global personnel at the center of precious metal trading.
By establishing this office, Tanaka Kikinzoku Kogyo K.K. will work to strengthen ties and cooperative relationships with various stakeholders such as European precious metal industry groups including LBMA*1 and LPPM*2, precious metal-related companies and market personnel. Furthermore, the Company will play a more active role in the activities of the LBMA, of which it became a full member in November, fulfilling its role as a full member in addition to endeavoring to heighten the influence of Asian markets in precious metal markets, and heighten the influence of Japan in Europe.
Through the activities conducted by the office, Tanaka Kikinzoku Kogyo K.K. will be able to provide deeper information on the latest trends and market movements in the precious metals industry, and a greater sense of security and reliable products to ordinary customers trading precious metals to build wealth and corporate customers trading industrial products.
The London Office
Date established: December 1, 2012
Address: No5, 3rd Floor, 35 Piccadilly London W1J 0DW
Telephone: +44-207-439-4067
Employees: 1
Business details: Contact point, market research, information collection and communication of information in London
*1 LBMA
Acronym for the London Bullion Market Association. The LBMA is an international industry organization representing gold and silver bullion wholesalers, which establishes and manages the standards for gold and silver circulating on the London Gold Market and the London Silver Market, in addition to certifying companies and minting authorities that pass stringent reviews to be registered on the lists of authorized refiners. At present, it has 137 member companies (three companies in Japan, with the Company as a full member (listed on November 12, 2012) and two other companies as associate members).
*2 LPPM
Acronym for the London Platinum & Palladium Market. It was established with the objective of properly trading platinum and palladium, and is the world's only authoritative body providing accreditation to authorized refiners and Good Delivery Referees. Of the five Good Delivery Referees worldwide, the Company is the only one in Japan.
Tanaka Kikinzoku Kogyo K.K.
Head office: 22F TOKYO BUILDING, 2-7-3 Marunouchi, Chiyoda-ku
Representative: Hideya Okamoto, President & CEO
Established: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 1,663 (as of FY2011)
Sales: 1,036,216 million yen (FY2011)
Main businesses: Manufacture, sale, import and export of precious metal bullion (platinum, gold, silver, etc.) and industrial precious metal products, in addition to the recovery and refining of precious metals
Tanaka Kikinzoku Group's website: http://www.tanaka.co.jp/
Topic: Establishment of New Branch
Source: Tanaka Holdings Co., Ltd.
Sectors: Metals & Mining
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From the Asia Corporate News Network
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