News: AISIN Group to transfer partial brake business to ADVICS group

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AISIN Group to transfer partial brake business to ADVICS group

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​SEYMOUR, IND., October 9, 2009 – Aisin Holdings of America (AHA), a subsidiary of the Aisin Group, a global, Tier One automotive supplier and components manufacturer, today announced that Aisin Group will transfer part of its automobile brake production business to the ADVICS Group.

 
ADVICS was established in July, 2001, when Aisin, Denso Corporation, Sumitomo Electric Industries, and Toyota Motor Corporation joined together to create a company to  develop and sell automotive brake systems. Aisin has since produced and supplied components for ADVICS’ brake system development.

 

With the penetration of clean energy vehicles, Hybrids and ITS technology in the global automotive industry, the demand for product innovation has increased significantly, especially in the automotive supply sector. Additionally, global demand for small and low-cost cars is further intensifying competition between low-cost components producers according to Kenji Tsujimura, president & CEO, AHA.
 

 

“It is under these circumstances that both Aisin and ADVICS recognized that the foundations of the brake business could be strengthened by enhancing product and cost competitiveness, and streamlining business operations with further collaboration in development and production,” said Tsujimura.
 

 

Details of the Agreement include:
  • Partial transfer of Aisin production facilities in Kariya City, Aichi, Japan, including its subsidiary, AS Brake Systems, Inc., stock and property to ADVICS by April 1, 2010.
  • In North America, AHA, Seymour, Ind., will transfer stock of Aisin Brake & Chassis, Inc., Terre Haute, Ind., to ADVICS North America, Plymouth, Mich.

About Aisin
Aisin Group is headed by Aisin Seiki Co., Ltd., with corporate offices in Kariya City, Aichi, Japan. Aisin Group is a Tier One, worldwide supplier of automotive components such as brakes, transmissions, drive train, chassis, body and information-related systems and components, and engine-related parts. In North America, the Aisin Group has 28 manufacturing, R & D and sales centers, and approximately 8,000 associates. With consolidated sales of more than $22 billion, the company employs more than 73,000 people world wide.

About ADVICS
ADVICS is one of the world’s leading Tier One suppliers of electronic brake systems and foundation brakes. The company, which has worldwide operations in six countries, and consolidated sales of nearly $4 billion, employs nearly 3,000 people.

Excerpt

Aisin Holdings of America (AHA), a subsidiary of the Aisin Group, a global, Tier One automotive supplier and components manufacturer, today announced that Aisin Group will transfer part of its automobile brake production business to the ADVICS Group...

Published Date

10/9/2009

Expires

1/1/2020

News Type

Press Release

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Created at 7/5/2011 1:59 PM by Cardinal
Last modified at 2/16/2012 4:35 PM by LEBDMZWEB1\swolfe
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