Pine (became Singer)
Factory in Japan
Pine Sewing Machines
Singer's Take Over of Pine
Courtesy of Chrys Gunther
From the March 1957 and November 1956 editions of The Sewing Machine News, which is the official publication of the national association for independent sewing machine dealers.
From "The First Conglomerate": In 1959 Kircher succeeded in purchasing the Japanese-based Pine Sewing Machine Company. This acquisition required five years of legal maneuvering. In response to the public uproar, a national media event in Japan, the Japanese government cooked up laws to prevent The Singer Company from exporting any of its Japanese profits. In America, there was no uproar. There were only newspaper reports of how the U.S. courts would handle the problem of steadfastly supporting its foreign ally. How could Japan defend itself from encroachment by nearby communism if it were not economically sound? Politicians subscribed to the domino theory of rapid communism expansion. They reasoned that a strong Japan, which America could hardly expect to defend at so great a distance, would act as an island buffer against the Communist tide.
This is from May 1959 from the annual Singer share holders meeting.
"Our business in Japan again increased, with all of the family machine product coming from the factory of the Pine Company which is jointly owned by our Company and The Japan Steel Works. For several years now we have reported that the Japanese Government has failed to validate our investment in the Pine Company, with the result that our earnings are not guaranteed as convertible into dollars. This situation unfortunately still continues."