New Cosmos Electric Co., Ltd. Overview
Company Headquarters: Japan
Founded: 1969
Workforce: ~800
Company Working: New Cosmos Electric Co., Ltd. is engaged in the research, development, manufacture, sale, and maintenance of gas sensors, alarms, and detectors. Its products include residential gas and fire alarms, industrial use gas detection systems, portable gas detectors, odor sensors, and air measuring instruments. Regionally, the company operates in Japan and countries in the Americas and the rest of Asia. In July 2016, it acquired Figaro Engineering Inc., which is a company that deals with the manufacture and sale of gas sensors and gas detection equipment.
Strategy
New Cosmos Electric Co., Ltd. primarily follows an inorganic approach for its growth. It has entered into several partnerships and acquisitions with local and regional companies to expand its market reach. Moreover, as a part of its market development strategy, the company has invested a significant share of its revenue in research & development to ensure the launch of innovative products, which helps it build a strong product line-up.



