Nifco Inc.

• Public
• JP

Dow Jones Description

Nifco was founded in 1967, at a time when Japan was undergoing a period of rapid industrialization led by the automotive and home electronics industries. It was a competitive age of mass production when emphasis was placed on increasing manufacturing efficiency - especially that of the multifarious automobile and home electronic appliance production lines. Nifco turned its attention early on to devising ways to reduce labor and manpower in the manufacturing process and became the first company to introduce plastic as an alternative to metal for use as fasteners. Nifco fasteners make full use of the superior characteristics of plastic; lightweight, rustproof and highly moldable. Although small in size, Nifco fasteners have made a major contribution to the automobile and home electronic production processes and brought about a "Fastening Revolution" in Japan. Nifco was listed on the Second Section of the Tokyo Stock Exchange only twelve years after its founding, and on the First Section less than five years later. What are fasteners? Almost everything manufactured in the world today is made up of many discrete parts. Some, like automobiles, are assembled using a massive number of parts. However, the parts alone do not make a finished product. They must be joined together, and fasteners such as string, nails, nuts and bolts are what complete the product. Nifco was the first company in Japan to adapt a never-before-used material - plastic - for use as fasteners...

President

Number of Employees 4,976

Contact Information

Peer Companies

• Mattel Inc.
• Hasbro Inc.
• Nintendo Co. Ltd.
• Smith & Nephew Plc.
• Bandai Co.
• All Companies