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Former Mitsui Grinding Technology (Thailand) Joins the KINIK Group!
Strengthening Global Competitiveness in the Grinding Wheel Market Under the New MGT Structure
28/04/2025
Masahiro SakaiPresident
As of April 1, 2025, Mitsui Grinding Technology (Thailand) has changed its parent company through a stock transfer from “Mitsui Mining & Smelting Co., Ltd.” to Taiwan’s leading grinding wheel manufacturers, KINIK Company and KINIK - THAI Co., Ltd. Accordingly, the company names have been changed as follows.
■Japan
Former company name: Mitsui Grinding Wheels Co., Ltd.
New company name：MAX KINIK Precision Co., Ltd.
■Thai Entity
Former company name：Mitsui Grinding Technology (Thailand) Co., Ltd.
New company name：MAX KINIK GRINDING TECHNOLOGY COMPANY LIMITED
MGT × KINIK｜Background of the Partnership and Expanding Value
KINIK is a Taiwanese grinding wheel manufacturer with over 70 years of history. It is a global enterprise, holding the second-largest market share worldwide for grinding technology in the fields of diamond wheels and reclaimed wafers for semiconductors. With grinding wheels also at the core of our business, our company, MAX KINIK GRINDING TECHNOLOGY COMPANY LIMITED (MGT) shares a high degree of compatibility with KINIK.
The relationship between the two companies dates back to the 1960s, when they began technical collaboration. With this new partnership, synergies are expected across various areas, including product development, sales, and procurement.
KINIK leverages its in-house diamond grinding wheels and advanced grinding technologies to engage in the production of reclaimed silicon wafers, demonstrating its technological capabilities in meeting the demands of cutting-edge industries in the semiconductor field.
In addition, KINIK offers a wide range of general-purpose grinding wheels, including cut-off wheels and offset wheels, enabling it to meet diverse customer needs with an extensive product lineup.
Under this new structure, the combined strengths of both companies are expected to create a more global and competitive enterprise.
Comment from KINIK Company Chairman Mr. Bob Lin
As of today, Mitsui Grinding Technology officially becomes a member of the KINIK Group and embarks on a new journey under its new name, “MAX KINIK GRINDING TECHNOLOGY CO., LTD.” Years of effort and dedication have elevated Mitsui Grinding Technology to become one of the industry’s leading companies. The exceptional expertise cultivated in precision grinding technology and quality control is one of the most valued assets of the KINIK Group.
The new name, “MAX KINIK GRINDING TECHNOLOGY,” embodies our determination to achieve greater competitiveness and to expand into broader international markets. It reflects our commitment to honoring tradition while continuously innovating and striving for new heights in the market.
Today marks a new starting point. We will move forward with “a global perspective,” “technological leadership,” and “customer-first principles” at the core of our business. We are committed to building a stronger company than ever before and creating a bright future together. Let’s do our best together!
※Excerpt from the speech delivered at the new company name commemorative ceremony held on April 10, 2025.
※Excerpt from the speech delivered at the new company name commemorative ceremony held on April 10, 2025.
▲ KINIK Company Chairman Mr. Bob Lin
▲ Participants of the new company name commemorative ceremony
▲ Logo commemorating joining the KINIK Group
KINIK Group's management philosophy: "GOOD TOGETHER (Good for you, good for me, good for everyone)"
Under the New Structure, Global Competitiveness Enhanced through Technology Integration and Market Collaboration
The alliance under the new structure will enable mutual deployment of products and technologies, leveraging the strengths of both companies and expanding their presence in the global market. By combining expertise in areas where each company excels, the aim is to create new technologies and products.
・Strengthening Technical Cooperation
By sharing MGT’s expertise in precision grinding and KINIK’s strength in general-purpose standard products, the goal is to create new products and technologies that meet a broader range of customer needs.
・Mutual Complementation of Sales Channels
MGT has a strong sales network in Japan and Southeast Asia, while KINIK has a presence in Taiwan, China, and North America, creating a global market complementarity.
・Expansion of Customer Base
Incorporating KINIK's semiconductor expertise into MGT's automotive-focused business will drive expansion into new industries.
・Optimization of Material Procurement
A joint purchasing system will be established to leverage scale advantages, improving raw material procurement efficiency and ensuring a stable supply.
・Expansion of Product Lineup
The product lineup will be expanded to meet a wide range of needs, from general-purpose standard products to high-precision custom-made solutions.
In the Thai market, both companies already have established factory bases. By leveraging this strength, we will maintain the current sales structure for the time being, while gradually restructuring the distributor network and strengthening the collaborative framework.
Going forward, as a specialized company in precision grinding, we will continue to enhance our technology and quality, aiming to provide optimal solutions that meet the growing market demands.
