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New Engine Components Company Established in China
(May 20, 2004) |
| Aisin Seiki Co., Ltd., (president: Mr. Kanshiro Toyoda; headquarters: Kariya-city, Aichi, Japan) established a new company to produce engine components such as crankcases and in Foshan, Guangdong, China, in response to expanding local production of Toyota and other customers. The new company, Aisin Seiki Foshan Automotive Parts Co., Ltd., (Aisin Seiki Foshan) will start production in August 2005.
Aisin-Hongda Zhejiang Automobile Parts Co., Ltd., (headquarters: Taizhou, Zhejiang Province) has been manufacturing engine parts in China. With the additional base for manufacturing engine parts in southern China, Aisin will be able to reinforce production capability and improve efficiency.
Aisin intends to expand its engine related components business in China and projects that sales for the new company will reach 116 million yuan in 2007.
To achieve the overall goal of becoming a global supplier, Aisin Seiki, along with the Aisin Group, strives to move ahead with the establishment of overseas production bases best suited to each major region and the construction of an efficient production structure.
[Company profile]
| 1.Company
name: |
Aisin Seiki Foshan Automotive Parts Co., Ltd. |
| 2.Foundation: |
April 7, 2004 |
| 3.Location: |
Shunde District, Foshan City, Guangdong Province, China |
| 4.Capital investment: |
133 million yuan |
| 5.Shares: |
100% from Aisin Seiki Co., Ltd. |
| 6.Representatives: |
Chairman: Minoru Hayashi (Executive vice president of Aisin Seiki Co., Ltd.)
President: Hideyuki Kobayashi (Project General Manager in the Global Strategic Production Planning Dept.) |
| 7.Area: |
Land 100,000
square meters
Building Ï 21,600 square meters |
| 8.Business: |
Engine parts
Casting, machining, and assembly of aluminum die casting products (crankcases, timing chain covers, etc.)Molding and assembly of resin products (intake manifolds) |
| 9.Start of
production: |
August 2005 |
| 10.Sales volume: |
116 million yuan (projected for 2007) |
| 11.Employees: |
200 (projected for 2007)
|
| 12.Investment: |
211 million yuan including land, buildings, and equipments |
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