EX-21 2 ex_156036.htm EXHIBIT 21

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. | Twin Disc Japan (a Japanese corporation)

| 8. | Twin Disc Power Transmission Private, Ltd. (an Indian limited liability corporation)

| 9. | Twin Disc Power Transmission (Shanghai) Co. Ltd. (a Chinese corporation)

| 10. | Twin Disc Netherlands Holdings B.V. (a Netherlands corporation)

| 11. | Twin Disc NL Holding B.V. (a Netherlands corporation)

| 12. | Veth Propulsion Holding B.V. (a Netherlands corporation)

| 13. | Veth Propulsion B.V. (a Netherlands corporation)

| 14. | Twin Disc European Distribution S.P.R.L (a Belgian 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.