US Sales Subsidiary Moves to Texas, Starts Full-scale Operation — Sales function strengthened with eye to further N. American business expansion
April 10, 2017
Kubota Corporation (headquarters: Naniwa-ku, Osaka; president and representative director: Masatoshi Kimata) subsidiaries Kubota Tractor Corporation (KTC), a US retail sales company, and Kubota Credit Corporation U.S.A. (KCC), a US retail finance company, have moved their headquarters from California to Texas and begun operating there. On April 7, a grand opening ceremony was held with attendees that included the governor of Texas, the mayor of Grapevine, and the Japanese consul-general of Houston. Kubota President Masatoshi Kimata greeted the attendees, stating, “The Kubota Group has expanded its US business with the growth of KTC. Going forward, we will push aggressively to become a global major brand that will continue to be truly needed by customers and stakeholders.”
Going forward, the company will stay close to customers in the North American market and contribute to economic and social development.
1. Background of the headquarters move
- The company has enjoyed a high share in the market for small and medium tractors targeting affluent customers, and has established its brand in the North American market.
- Last year, the company entered the market for upland agricultural machinery with the introduction of a 170-horse power tractor. Moreover, to promote the expansion of its business in the North American market for small construction equipment, the company strengthened its product lineup, which includes six-ton and smaller compact excavators with the world’s top share in the field of construction equipment, adding products that include compact track loaders and skid steer loaders designed specifically for the North American market.
- Moving the headquarters function from California to Texas affords easy access to the Midwest region—the center of the upland agricultural market—and the rest of the United States; will facilitate strengthened collaboration with inland bases of operation, including agricultural implement manufacturer Great Plains Manufacturing, Inc., which the company acquired last year; and will enable KTC and KCC to strongly support further expansion of the company’s North American business.
|Name||Kubota Tractor Corporation|
|Established||September 28, 1972|
|Location||Headquarters: Grapevine, Texas, USA (Dallas suburbs, approx. 10 kilometers north of Dallas/Fort Worth International Airport)|
|Employees||Approx. 300 people|
|Representative||Masato Yoshikawa, President|
|Capital||USD 37 million|
|Business||US sales of tractors, general-purpose equipment, compact construction equipment, implements and parts|
|Name||Kubota Credit Corporation U.S.A|
|Established||July 30, 1982|
|Location||Headquarters: Grapevine, Texas, USA|
|Representative||David Sutton, President|
|Capital||USD 8 million|
|Business||US retail finance for KTC products|