CITIZEN AND MIYANO FORM EQUITY AND BUSINESS ALLIANCE TO FURTHER ‘ONE-HIT’ MACHINING TECHNOLOGY

Citizen Machinery Co., a division of Citizen Watch Co., has formed an equity and business alliance with Miyano Machinery following the acquisition by Citizen of 29.9 per cent of the stock of Miyano.

Citizen is the clear world leader in CNC sliding head machine tool technology for material up to 32 mm bar size and Miyano, a clear leader in high productivity fixed head mill/turning in capacities between 35 mm and 65 mm bar size. Both companies are complementary in their respective sectors geared to being high productivity solution providers in unmanned, multi-operational single cycle machining techniques.

By combining and sharing expertise in developing machine tools to improve productivity, the alliance will also increase economies of scale in machine tool build and enable expansion of both businesses and product lines in a global market place that has seized upon the advantages offered by single cycle machining strategies.

As a result of the alliance, both machine tool brands will maintain their independence and identities while plans will be laid to strengthen their marketing, sales and after service. Both product ranges will be represented in the UK by existing companies; Citizen through NC Engineering of Watford and Miyano by Macro CNC Machine Tools of Brierley Hill, West Midlands.