TDK Corporation has announced that it has changed the name of its subsidiary EPCOS India Private Limited (EPCOS India) to TDK India Private Limited (TDK India) with effect from December 13, 2018.
TDK Corporation has been present in India since 2008 when it acquired EPCOS AG, and with it, EPCOS India.
The name change took place within the scope of renaming of all EPCOS entities worldwide after EPCOS AG, the parent company of the EPCOS Group, was renamed to TDK Electronics AG on October 1, 2018. This change will further strengthen the uniform market presence of the TDK Group in India.
The new company name will have no effect on the EPCOS product portfolio, the organizational and business structure of the company, or the scope of its services, a release from TDK Corporation said.
TDK Corporation has been present in India since 2008 when it acquired EPCOS AG, and with it, EPCOS India. TDK India has a network of design and manufacturing locations for film capacitors and ferrites and sales offices all over the country. In FY18 (fiscal year ending March 2018), the company employed more than 2200 people and posted sales of more than Rs.800 crore.
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more.
In fiscal 2018, TDK posted total sales of USD 12 billion and employed about 103,000 people worldwide.
Featured photograph shows an overview of the manufacturing facility of TDK India located at Nashik, Maharashtra. (Photo: TDK India)