Source disclosure: February 02, 2026
GMB CORPORATION [7214.T]
TOKYO, Feb 02 (Pulse News Wire) – GMB Corporation (7214.T) announced today that its board of directors, held, resolved to establish a subsidiary in the United States alongside its existing subsidiary, GMB Korea Corp. The decision was made contingent upon approval from GMB Korea Corp.'s upcoming board meeting scheduled for February 12, 2026.
The newly established subsidiary, named GMB USA Alabama Inc., will be located in Opelika, Alabama, and will focus on manufacturing and selling automotive parts, particularly electric vehicle components. The capital investment for the new entity is set at $4 million. The subsidiary's fiscal year-end is December, and it plans to commence operations fully by the end of 2026. Lee Sangwook will serve as the representative director.
Major shareholders and their holding ratios include GMB Korea Corp. with 80% percent and GMB Corporation with 20% percent. Additionally, members of the GMB Group’s management team are expected to join the board of directors. In terms of future outlook, the company anticipates that the impact on its consolidated performance for the current fiscal year will be minor due to the planned operational launch late in the year.
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