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Acquisition of transformer manufacturer Romarsh Ltd.
Tamura-Europe Limited are pleased to announce the completion of the acquisition of Calne based transformer manufacturer Romarsh Ltd.
Tamura-Europe Ltd is one of the main operating divisions of the Tamura Corporation, a company based and listed in Japan. Tamura Corporation is a world-class manufacturer of high quality electronic components for the global industrial, telecom and consumer markets. Tamura Corporation has global sales of Yen77.5b (USD790m) and employs 6,800 people. Tamura serves 3 primary market segments:- Electronic Components (including transformers), Electronic Chemicals and Soldering Systems, and Information Equipment.
The acquisition marks a major step in Tamura-Europe Ltd’s continuing expansion in the manufacture of medium to large size transformers and reactors for traction, safe and renewable energy markets. Tamura-Europe Ltd has geographical responsibility for Europe, Middle East and India, with offices in the Czech Republic, France, India and Italy.
Tamura Corporation has a long standing capability to design and manufacture smaller transformers. The Group have made the strategic decision to move into the design and manufacture of larger wound components and the acquisition of Romarsh will provide them with both design and manufacturing capability to help achieve this goal.
Romarsh Ltd will retain its name and continue to operate from the Calne site as a separate subsidiary company of Tamura-Europe Limited retaining the existing staff and management.
Tamura Europe Ltd (formerly known as Tamura Hinchley Ltd) have a very long association with Wiltshire and had major manufacturing facilities in the Devizes area from 1949 until 2002 when the rapid decline in their market for small transformers forced them to cease manufacturing in Devizes. The Company maintained its Registered office, headquarters, administration, sales and design facilities in offices in Hopton Industrial Estate whilst expanding its operations in Europe.
On 4th September 2008, Tamura Corporation announced its involvement in the
United Nations Global Compact.
The principles are:
Human Rights
| Principle 1: | The support and respect of the protection of international human rights; | |
| Principle 2: | The refusal to participate or condone human rights abuses. |
Labour
| Principle 3: | The support of freedom of association and the recognition of the right to collective bargaining; | |
| Principle 4: | The abolition of compulsory labour; | |
| Principle 5: | The abolition of child labour; | |
| Principle 6: | The abolition of discrimination in employment and occupation. |
Environment
| Principle 7: | The implementation of a precautionary and effective program to environmental issues; | |
| Principle 8: | Initiatives that demonstrate environmental responsibility; |
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| Principle 9: | The promotion of the diffusion of envirnmentaly friendly technologies. |
Anti-Corruption
| Principle 10: | The promotion and adoption of initiatives to counter all forms of corruption, including extortion and bribery. |
In a letter to U.N. Secretary Mr. Ban Ki-Moon, our President Mr. Naoki Tamura has expressed the Corporation's support of these Principles and given
a commitment to undertake them and to make a clear statement of this to employees, partners, clients and to the public.