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EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
Twin Disc, Incorporated, the registrant (a Wisconsin Corporation) owns directly or indirectly 100% of the following subsidiaries:
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1. |
Twin Disc International, S.R.L. (a Belgian corporation) |
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2. |
Twin Disc Srl (an Italian corporation) |
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3. |
Rolla Sp Propellers SAGL (a Swiss corporation) |
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4. |
Twin Disc (Pacific) Pty. Ltd. (an Australian corporation) |
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5. |
Twin Disc (Far East) Ltd. (a Delaware corporation operating in Singapore and Hong Kong) |
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6. |
Twin Disc (Far East) Pte. Ltd. (a Singapore corporation) |
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7. |
Twin Disc Japan (a Japanese corporation) |
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8. |
Twin Disc Power Transmission Private, Ltd. (an Indian limited liability corporation) |
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9. |
Twin Disc Power Transmission (Shanghai) Co. Ltd. (a Chinese corporation) |
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10. |
Twin Disc Netherlands Holdings B.V. (a Netherlands corporation) |
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11. |
Twin Disc NL Holding B.V. (a Netherlands corporation) |
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12. |
Veth Propulsion Holding B.V. (a Netherlands corporation) |
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13. |
Veth Propulsion B.V. (a Netherlands corporation) |
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14. |
Twin Disc European Distribution S.R.L (a Belgian corporation) |
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15. |
Katsa Oy (a Finnish corporation) |
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16. |
TD Finland Holding Oy (a Finnish corporation) |
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17. |
Twin Disc New Zealand Limited (a New Zealand corporation) |
Twin Disc, Incorporated also owns 66% of Twin Disc Nico Co. LTD. (a Japanese corporation).
The registrant has neither a parent nor any other subsidiaries. All of the above subsidiaries are included in the consolidated financial statements.