News: ADVICS Establishes a New Company in Mexico

Title

ADVICS Establishes a New Company in Mexico

Body

Press Release

September 25, 2014

ADVICS Establishes a New Company in Mexico

ADVICS Co., ltd. (Head Office:  Kariya,  Aichi, Japan;  President:  Takashi Kawata) has decided to establish a new company for production and sales of the brake products in Jalisco, Mexico.

The purpose of this new company is to promote the local production and establish the foundation for the future business expansion for the automobile market in Mexico which is expected to have a large growth in the future.  ADVICS currently has 4 sites in North America and one site in South America.  This is the first establishment for ADVICS in Mexico.

ADVICS will assuredly capture the business chances in the growing market by building the global supply system and achieve the further growth as the brake system supplier.

General Information on the new company is as follows.

1.       Company Name               ADVICS Manufacturing Mexico. S. de R.L de C.V.

2.       Establishment                   October 2014

3.       Address                               Lagos de Moreno, Jalisco, Mexico

4.       Capital                                  130 Million MXN (About 1 billion JPY)

                                                         ADVICS North America, Inc, 90%, ADVICS Co., Ltd. 10%

5.       Line of Business                Production, Sales, Export and Import of Brake Products

6.       Production Item               Drum Brake

7.       Production Launch          Scheduled for March 2016

8.       Sales Volume                     Approx. 421 Million MXN (About 3.4 billion JPY) targeted for FY 2018

9.       Employees                          About 130 targeted for FY 2018

10.   Plant Size                             Approx. 7600 sq m. in the building area

 

For further information, please contact Corporate Administration Dept.
Phone : 513-696-5473

Excerpt

ADVICS Co., ltd. (Head Office:  Kariya,  Aichi, Japan;  President:  Takashi Kawata) has decided to establish a new company for production and sales of the brake products in Jalisco, Mexico.

Published Date

9/25/2014

Expires

11/24/2016

News Type

Announcement

Attachments

Created at 5/28/2015 1:21 PM by LEBDMZWEB1\swolfe
Last modified at 10/21/2015 1:22 PM by LEBDMZWEB1\swolfe
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