News: Establishment of a Production Company in Thailand

Title

Establishment of a Production Company in Thailand

Body

 

Press Release
 
 
 
February 9, 2012
 
 
 
Establishment of a Production Company in Thailand
 
 
 
 ADVICS Co., Ltd. (Head office: Kariya, Aichi, Japan; President: Takeshi Kawata) has established a company for producing brake parts in Chonburi Province, Thailand.
The purpose of establishing the new company is to promote local procurement and strengthen ASEAN operations as the foundation for expanding current business, pioneering new business and increasing sales in the after-market segment of the ASEAN automobile market, which continues to grow rapidly.
The new company plans to launch production in July 2013, and hire 360 people by 2016.

 ADVICS views the establishment of a production base in Thailand as an opportunity for business expansion and global growth as a brake systems supplier.

 General information on the new company is as follows.


Summary of new company
1. Company name
ADVICS Manufacturing (Thailand) Co., Ltd.
2. Establishment
December 2011
3. Address
Pinthong Industrial Estate, Chonburi, Thailand
4. Capital
740 million THB (About 2 billion JPY)
(Wholly owned by ADVICS Asia Pacific Co., Ltd.)
5. President
Teruhiro Yasuda
6. Line of business
Production of brake parts
7. Product line
Disc brake calipers
8. Production launch
Scheduled for July 2013
9. Sales volume
Approx. 3.4 billion THB (About 9 billion JPY) targeted for 2016
10. Employees
About 360 targeted for 2016
11. Plant size
Site area: Approx. 89,000 sq.m.
Building area:
 Approx. 18,000 sq.m.
 
 

 

Excerpt

ADVICS Co., Ltd. (Head office: Kariya, Aichi, Japan; President: Takeshi Kawata) has established a company for producing brake parts in Chonburi Province, Thailand.

Published Date

2/16/2012

Expires

8/14/2012

News Type

Press Release

Attachments

Created at 2/16/2012 3:16 PM by LEBDMZWEB1\swolfe
Last modified at 5/4/2012 10:24 AM by LEBDMZWEB1\swolfe
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