News: ADVICS Establishes Two New Companies in India

Title

ADVICS Establishes Two New Companies in India

Body

Press Release

April 5, 2012
Establishment of New Companies in India
 ADVICS Co., Ltd. (Head Office: Kariya, Aichi, Japan; President: Takeshi Kawata) has decided to establish production and sales companies, including evaluation function, in Haryana State, North India, and Karnataka State, South India.

The purpose of establishing the new companies is to expand ADVICS brake business by starting the local production to make a full-scale entry into the Indian automobile market, which is rapidly growing.

This is the first establishment of the ADVICS base in India.

ADVICS Manufacturing Haryana Private Ltd. and ADVICS Manufacturing Karnataka Private Ltd. will produce brake parts that meet the market need and promote local procurement.

ADVICS views the establishment of the new companies in India as an opportunity for market expansion and global growth as a brake systems supplier.

General information on the new companies is as follows.


1. Summary of a new company established in North India
1. Company name ADVICS Manufacturing Haryana Private Ltd.
2. Establishment Scheduled for July 2012
3. Address Rohtak Industrial Estate, Haryana, India
4. Capital 490 million INR (About 800 million JPY)
5. President Toshitaka Suga
6. Line of business Production and sales of brake products
7. Production launch Scheduled for June 2013
8. Sales volume Approx. 1.1 billion INR (About 1.8 billion JPY) targeted for FY2016

2. Summary of a new company established in South India
1. Company name ADVICS Manufacturing Karnataka Private Ltd.
2. Establishment Scheduled for January 2013
3. Address Narasapura Industrial Estate, Karnataka, India
4. Capital 240 million INR (About 400 million JPY)
5. President Toshitaka Suga
6. Line of business Production and sales of brake products
7. Production launch Schedule for December 2013
8. Sales volume Approx. 2.5 billion INR (About 4.2 billion JPY) targeted for FY2016


For further information, please contact Corporate Administration Dept.

Phone : +81 (0)566 63 8000
Facsimile: +81 (0)566 22 8021

Excerpt

ADVICS Co., Ltd. (Head Office: Kariya, Aichi, Japan; President: Takeshi Kawata) has decided to establish production and sales companies, including evaluation function, in Haryana State, North India, and Karnataka State, South India.

Published Date

5/4/2012

Expires

1/31/2020

News Type

Announcement

Attachments

Created at 5/4/2012 10:47 AM by LEBDMZWEB1\swolfe
Last modified at 5/4/2012 10:47 AM by LEBDMZWEB1\swolfe
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