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Okuma America company history timeline

1898

Public Company Incorporated: 1898 as Okuma Noodle Machine Co.

Okuma was founded in 1898 by 28-year-old Eiichi Okuma in Nagoya, Japan.

1918

Machine tools became the company's specialty by the end of World War I. In 1918, Okuma changed its name to reflect its new focus, becoming Okuma Machinery Works Ltd.

1963

In 1963, the company introduced its own NC-controller featuring absolute position encoding capability.

1964

By then, the company had launched production of double machining centers, debuting its first in 1964.

1966

By 1966, the company had combined the two, producing its first NC lathe.

1970

Okuma's growth led it to begin development of a new manufacturing facility and headquarters, in Oguchi, which saw its first phase of construction completed in 1970.

1973

1973 Developed CNC in-house

Manufacture of ACE CENTER MB-V series vertical machining centers starts Okuma Australia Pty is established (liaison since 1973) Okuma Machinery (Shanghai) Co.

1976

The two companies by then had built up a relationship over more than 20 years, beginning with the transfer of Okuma high-speed precision lather technology in 1976.

1979

By 1979, the company had completed the second phase of the Oguchi plant, at which time it began relocating its headquarters to the new facility.

1980

In 1980, for example, the company acquired a stake in another major Japanese machine tool company, Howa Industry, which became known as Okuma & Howa Machinery.

1981

In 1981, for example, the company produced its first vertical machining centers.

1984

1984 Cell phone available commercially

In the same year, affiliate Okuma & Howa also set up a plant in the United States. It first entered the United States with a sales subsidiary in New York in 1984.

1985

1985 Designed and produced first integral motor/spindle

1988

Back at home, Okuma set up its second production plant in 1988, in Kani, completing the first phase of its construction in that year.

1990

In addition, Okuma began expanding into the Asian market as well, establishing a branch in Singapore in 1990.

1992

1992 Okuma CARE launched

1995

1995 First autonomous car long distance drive (Pittsburgh to San Diego)

1997

In 1997, Okuma moved into Taiwan, establishing the Tatung Okuma Co. joint venture for that market.

2000

Atlas CNC's purchase by Okuma came after the joint takeover of Email by Smorgon and Onesteel in 2000.

Okuma next turned to the Australia and New Zealand markets, acquiring Atlas CNC Machines Ltd. in 2000.

2002

2002 Manufacturing started in Bejing (JC-Okuma)

2003

The Asian market remained a target of the company's expansion efforts, and in 2003 Okuma entered the fastest-growing country in the region.

2005

That company launched operations at the beginning of 2005.

2006

Machining centers represent 50 percent of the group's sales, which are expected to top ¥136 billion ($1.3 billion) by the end of the enlarged company's 2006 fiscal year.

2018

Okuma Corporation celebrates the 120th anniversary of the company’s establishment, which officially took place in January, 2018.

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Founded
1898
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Headquarters
Charlotte, NC
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Okuma America competitors

Company nameFounded dateRevenueEmployee sizeJob openings
C&A Tool Engineering1969$220.0M750-
Hurco Companies1968$186.6M7063
Haas Automation1983$1.0B1,50015
TAS Energy1999$55.0M50-
Production Control Units-$15.0M100-
Jervis B. Webb1919$280.0M1,000-
Vulcan Engineering Co.1970$30.0M5-
Kuka Systems Gmbh1985$530.0M3,000-
Parkinson Technologies1872$30.0M249-
FLSmidth Inc1928$1.2M638

Okuma America history FAQs

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