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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:
1. | Twin Disc International, S.P.R.L. (a Belgian corporation) |
2. | Twin Disc Srl (an Italian corporation) |
3. | Rolla Sp Propellers SA (a Swiss corporation) |
4. | Twin Disc (Pacific) Pty. Ltd. (an Australian corporation) |
5. | Twin Disc (Far East) Ltd. (a Delaware corporation operating in Singapore and Hong Kong) |
6. | Twin Disc (Far East) Pte. Ltd. (a Singapore corporation) |
7. | Mill-Log Equipment Co., Inc. (an Oregon corporation) |
8. | Mill-Log Wilson Equipment Ltd. (a Canadian corporation) |
9. | Twin Disc Japan (a Japanese corporation) |
10. | Twin Disc Power Transmission Private, Ltd. (an Indian limited liability corporation) |
11. | Twin Disc Power Transmission (Shanghai) Co. Ltd. (a Chinese corporation) |
12. | Twin Disc Netherlands Holdings, BV (a Netherlands 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.