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Aluminum
Engine Components Company Established in North America
(February 13, 2004) |
| Aisin
Seiki Co., Ltd. (President: Mr. Kanshiro Toyoda; headquarters: Kariya-city, Aichi,
Japan) established a new company to produce aluminum engine components, including
pumps and pistons, in Clinton, Tennessee in the United States. The new company,
Aisin Automotive Casting Tennessee, Inc. (AACT) will start operations in August
2005.
Aisin Automotive Casting, LLC, or AAC (President: Mr. Kenji Tsujimura; headquarters:
London, Kentucky, U.S.A.), manufactures aluminum parts for the North American
market. In order to respond to expanding local production of Toyota and other
customers, the new production base was established in a location about a 90-minutes
south from AAC. AACT and AAC will work together to expand their business.
With the establishment of AACT, the production system will be restructured
to reinforce production capability and improve efficiency. AAC will specialize
in aluminum casting, including manufacturing large casting parts and molds, while
AACT will operate a full-process die-casting facility that includes casting, machining
and assembly to produce aluminum engine components, such as pumps and pistons.
To achieve the overall goal of becoming a global supplier, Aisin Seiki, along
with the other AISIN Group companies, strives to move ahead with the establishment
of overseas production bases best suited to the characteristics of each major
region and the construction of an efficient production structure.
[Company profile]
| 1.Company
name: |
Aisin Automotive
Casting Tennessee, Inc. (AACT) |
| 2.Foundation: |
January 23,
2004 |
| 3.Location: |
Clinton, Tennessee,
U.S.A. (120 kilometers south of AAC) |
| 4.Capital investment: |
US $30.9 million |
| 5.Controlling
Sharest: |
100% by Aisin
Holdings of America, Inc. |
| 6.President: |
Kenji Tsujimura
(also serves as President of Aisin Automotive Casting, LLC) |
| 7.Area: |
Land-170,000
square meters
Buildings-21,100 square meters |
| 8.Business: |
Casting, machining,
and assembly of aluminum engine components such as pumps and pistons |
| 9.Start of
production: |
August 2005 |
| 10.Sales volume: |
US $8 million
(projected for 2005)
US $140 million (projected for 2008) |
| 11.Employees: |
90 (projected
for 2005), 400 (projected for 2008)
|
| 12.Investment: |
US $67.6 million
including land, buildings, and facilities (initial investment)
|
| 13.Others: |
16th manufacturing
company of the AISIN Group in North America
|
[FYR]Outline of AAC
| 1.Company
name: |
Aisin Automotive
Casting, LLC |
| 2.Location: |
London, Kentucky,
U.S.A. |
| 3. Foundation: |
November 1,
1996 |
| 4.Capital investmen: |
US $72.1 million |
| 5.Employees: |
555 (as of
December 2003) |
| 6.Sales volume: |
Sales in FY
2003-US $150 million
Projected sales for 2005-US $200 million
Projected sales for 2008-US $220 million |
| 7.Major products: |
Engine parts:
water pumps, oil pumps, and pistons
Automatic transmission parts: transmission cases, housings, and valve bodies,
etc. |
| 8.Major customers: |
North American
plant of Toyota, Honda, Nissan, and others |
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