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Heir to US$2b Japanese knitting empire moving into car parts

Shima Seiki's boss is in talks to develop lighter, non-steel components, and plans to sign a deal next fiscal year

Mr Shima says that the company plans to use its knitting technology for car parts, as carmakers seek lighter components to increase energy efficiency.


BUILDING a machine to construct high-end Prada sweaters was just the start.

Now Mitsuhiro Shima, who took over his dad's knitting-machine firm three months ago, is setting his sights on - of all places - the car industry. The 56-year-old president of Shima Seiki Manufacturing...

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