2002 IR Press Releases-03

Tokyo, Japan - October 11, 2002

Yokogawa Establishes Chinese Business Headquarters in Suzhou, China

Yokogawa Electric Corporation announced the establishment of Yokogawa Electric China Co., Ltd. (Yokogawa China) as a wholly-owned regional headquarters, to supply the fast growing Chinese market. Yokogawa has been contributing to the industrial modernization of China since the 1950's through technology transfer, the establishment of several joint ventures and a fully-owned company producing or marketing measuring instruments and industrial automation.

With the establishment of Yokogawa China, Yokogawa hopes to capture the majority of the Chinese industrial automation and measuring instruments market.

Quick Facts about Yokogwa China

Name:	Yokogawa Electric China Co., Ltd.

Address:	Suzhou Industrial Park, jointly established by the governments of China and Singapore, Suzhou, Jiang Su Province, China

Date of establishment:	October 1, 2002

Capital:	4,000 million yen

Business activities:	Yokogawa's regional headquarters in China Recruitment and training of employees Legal matters, such as intellectual property rights Public relations Marketing Product development Production Sales, engineering, and after-sales service, in cooperation with five existing joint ventures and a fully-owned measuring instruments sales company

Business Plan:	September 2003:	Construction of Plant No. 1 (10,000 square meters)
	October 2003:	Start production of field instruments with 250 employees (Initially, the products will be for export outside China)
	2005:	Sales of 25 billion yen with 1,000 employees
	2010:	Sales of 120 billion yen, 30% market share

Officers:	Chairman:	Kazuhiko Kimura, Director, Senior VP of Sourcing & Manufacturing
	Vice Chairman:	Nobuyuki Ueyama, General Manager, Promotion Dept., Industrial Solution Business Division II
	President:	Masaharu Yamazaki, Manager, Business Planning Dept., Sourcing & Manufacturing Business Division

About Yokogawa
Yokogawa's global network of 19 manufacturing facilities and 89 companies spans 32 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,500 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa.
For more information about Yokogawa, please visit our web site at www.yokogawa.com.