PRESS KOGYO surges to highest level since March 1990 after winning frame order for new Pajero
PRESS KOGYO CO., LTD. <7246> surged, reaching its highest level since March 1990 - a span of about 36 years and six months. The rally came after PRESS KOGYO announced after market close on the 2nd that it received an order to supply frames for the new Pajero model unveiled by MITSUBISHI MOTORS CORPORATION <7211> on the same day.
According to MITSUBISHI MOTORS, the new Pajero is set to launch first in Thailand, where it is produced, followed by Japan and Australia, with plans to roll out sequentially to about 100 countries worldwide - including ASEAN nations, Latin America, and the Middle East - from the next fiscal year onward. Frames for the model will be manufactured at PRESS KOGYO's Thailand facility. The company noted supply already began in August.
*Translated by generative AI. Click here for the original article.
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