History of Igarashi Electric Works Ltd.
1940s
| 1946 | Eiji Igarashi opens a toy and model motor manufacturing and sales company in Konya-machi, Kawasaki City |
1950s
| 1952 | In response to increased sales, the company is reorganized as a limited company and renamed “Igarashi Electric Works Ltd.” |
| 1956 | Company first starts exports to the United States |
1960s
| 1961 | Head office plant built in Tode Hon-cho, Kawasaki City |
| 1961 | Company develops motors and controllers for use in model racing cars |
| 1967 | Agreement signed with US-based International Components Corporation to act as the sales agent for all Igarashi Electric products (The agreement was terminated in l997) Company begins development of industrial motors |
1970s
| 1971 | Company develops lawn mower motors |
| 1972 | Kashiwazaki plant built in Niigata Prefecture ICC Elektrobauelemente GmbH established |
| 1973 | Igarashi Electric Works (H.K.) Ltd. established in Hong Kong Company develops motors for use in automobiles |
| 1975 | Company develops motors for use in power tools |
| 1976 | Kazuharu Igarashi appointed president Company develops motors for use in instant cameras |
| 1977 | Company develops motors for use in office equipment |
| 1978 | Korea IG Motor Co., Ltd established as joint venture in Republic of Korea (joint venture terminated in 1988) |
1980s
| 1984 | Igarashi Electric Works (Heng Gang) Factory established in the People’s Republic of China |
| 1987 | Company develops high-voltage motors |
1990s
| 1990 | Established a capital relationship with “ICC Elektrobauelemente GmbH Europe” and the company name changed to “ICC Igarashi Motoren GmbH” |
| 1993 | “CG Igarashi Motors Ltd.,” established in Madras, India as joint venture with Crompton Greaves Ltd. |
| 1997 | IGARASHI ELECTRIC WORKS (H.K.) LTD. And IGARASHI ELECTRIC WORKS (HENG GANG) FACTORY has obtained the ISO9002 “Igarashi Motor Sales USA, LLC” established in Chicago, USA |
| 1998 | “Igarashi Electric Works Shanghai” established in Shanghais, People Republic of China as a sales office “CG Igarashi Motors Ltd.,” in India has obtained the ISO9002 and QS9000 Company name of “ICC Igarashi Motoren GmbH” changed to “Igarashi Motoren GmbH” in Germany |
2000
| 2000 | Igarashi Motoren GmbH (in Germany) specializes in sales of in-house motors Motor case factory established in the Heng Gang China Factory |
| 2001 | Technical Center constructed in head office (October) |
| 2002 | Igarashi Electric Works Ltd. celebrates 50th anniversary Igarashi Electric Works (H.K.) Ltd. and Heng Gang China Factory receive ISO9001 certification |
| 2003 | Head office, Kashiwazaki Plant, Igarashi Electric Works (H.K.) Ltd. and Heng Gang China Factory receive ISO14001 certification Igarashi Electric Works (H.K.) Ltd. and Heng Gang China Factory receive QS9000 certification |
| 2004 | Igarashi Electric India Private Limited and Igarashi Technologies Private Limited established in India |
| 2005 | Igarashi Electric Works (H.K.) Ltd. and Heng Gang China Factory receive TS16949 certification Head office and Kashiwazaki Plant receive ISO9001 certification |
| 2006 | Kashiwazaki, China, and India plants expanded |
| 2008 | Igarashi Electric Works and Bosch GmbH establish joint venture to develop and manufacture autmotive motors in India |
2010s
| 2010 | Zhuhai factory begins production |
| 2011 | Kashiwazaki Plant production of PSD/PTG motors reaches 1 million mark |
| 2012 | Capital partnership with South Korea’s Baesung Mechatronics Co., Ltd. (Asan City, Chungnam; President Dong-Keun Park) Joint venture company established Formulated medium-term management plan (2013-2015) |
| 2013 | Independent funding of Yat Yue Industrial (Long Gang ) Factory Changed name to Yat Yue Electric (Shenzhen) Co., Ltd. |
| 2014 | Keiichi Igarashi appointed president |
| 2015 | Agile Electric Sub Assembly Private Limited (an Indian company) was acquired and made into an affiliate Kashiwazaki plant expanded |
| 2016 | Formulated 2nd medium-term management plan IGARASHI ELECTRIC WORKS MEXICO, S. DE R.L. DE C.V established |
| 2018 | Independent funding of Igarashi Electric Works(Heng Gang ) Factory Changed name to Igarashi Electric Works (Shenzhen) Ltd. |
| 2019 | Construction of New Head Office Building |
2020s
| 2021 | Formulated Revised 3rd medium-term management plan (2021-2023) |
| 2022 | Igarashi Electric Works Ltd. celebrates 70th anniversary |
| 2024 | Transition to a company with an audit and supervisory committee Raised funds from Mitsubishi UFJ Strategic Investment |