Mitsubishi’s U-MACHINE opens local subsidiary in China
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited has announced that its consolidated subsidiary U-MACHINE Inc. has established U-MACHINE (CHINA) CO., LTD., a local subsidiary in Shanghai. U-MACHINE is a general trading firm of used machinery. In China, as a consequence of recent matters including increase in labor costs, environmental regulation, and U.S.-China trade friction…