Precision Tools Service, Incorporated, a leader in the automotive and machine tools industries, celebrated its 10th anniversary in 1998. PTS was formed as a union between Toyo Corporation, Marubeni Corporation, and Marubeni America Corporation in 1988. Today, PTS is a top distribution company that specializes in the supply of precision metric tools such as milling tools, measuring equipment, power tools, and other smaller tools.

The recent trend of many Japanese metal-processing industries going abroad has generated an increasing need for small parts and metric tools. Those companies have invested substantial time, effort, and money for machinery and processing equipment. As they invest more in international operations, they start experiencing problem in purchasing various small precision metric tools. PTS has recognized this need and is designed to assist in the supply of the small tools. PTS utilizes Just-in-Time concept, which is based on Toyo’s know-how, in order to meet customers’ requirements. Also, in recent years, the company has been expanding itself by opening new offices in Thailand and UK in addition to eight US offices so that it can provide better service.

Toyo Corporation is a Japan-based distribution company that specialized in machine tools and precision measuring tools. For the last 45 years, Toyo has been supplying precision and small tools primarily for Japanese automotive industry. Toyo is now enjoying the annual business volume of $415 million (2002) with its motto of “customer service oriented.”

Established in 1889, Marubeni Corporation is one of the largest trading companies in Japan called Sogo-Shosha. Along with 34 domestic offices in Japan, Marubeni now has over 158 overseas offices. Marubeni also has over 300 subsidiary companies worldwide. In 1999 Marubeni had annual revenue of $90 billion.

The other party in this joint venture is Marubeni America Corporation, which was founded in 1951 as the US-based subsidiary of Marubeni Corporation. With its main office located in New York City, New York, Marubeni America has branch offices throughout the US. Marubeni America continues to strive for improvement and achievement of greater business growth for its customers. Marubeni America accumulated annual sales in 1999 of $7.5 billion, making itself the largest exporter of its kind in the United States.

PTS prides itself on its service; therefore, world-wide presence and around the clock accessibility are priorities that will not change. Since, PTS focuses on the customer we have adopted a very flexible approach to our customers. We realize that each one of our customers has different needs and requirements and we are willing to adapt to any situation such as consignment, single billing, and weekly on-site inventories.

PTS welcomes and appreciates your interest in our organization. We look forward to assisting your present business as well as to recognizing and developing your new business opportunities whenever and wherever they may occur.