News: Enhancement of China Operations

Title

Enhancement of China Operations

Body

 ADVICS CO., LTD. (Head Quarters: Kariya City, Aichi Prefecture, President: Takeshi Kawata) will establish an engineering and sales company, and a manufacturing company to produce control brake parts in China in 2011.
 The new companies are being established to strengthen the company's China operations with the aim of discovering new customers and promoting sales in the aftermarket of China's automotive market, which continues to grow rapidly.

 The engineering and sales company will develop and propose competitive brake systems that better reflect local needs in a timely manner by building a system that enables swift response to local customers. The new company will give ADVICS its second overseas engineering base, another being in the U.S.A.
 The new manufacturing company will be ADVICS' third in China after Tianjin and Guangzhou. By starting up local production of control brake parts, ADVICS will be able to supply all fields of actuation, foundation and control brake parts within China. These new companies will be an integral part of seizing business opportunities to expand market share and grow globally as a system supplier.

 By establishing the new companies in China, ADVICS will further strengthen its global network and, by watching market needs around the world and providing the very best brake systems, ADVICS aims for greater business in its efforts to deliver "safety" and "reliability" to customers around the world.

1Summary of Engineering and sales company

 

1. Company name
ADVICS China Co., Ltd.
2. Date to be established
May 2011 (Planned)
3. Address
Changzhou, Jiangsu Province
4. Capital
US$ 2 million (Approx. JPY 170 million)
5. Representatives
Chairman: Shoichi Masaki
 (Senior Managing Director, ADVICS CO., LTD.)
President: Yakata Tsujii
6. Line of business
Support services related to engineering and sales of automotive parts

2Summary of Manufacturing company
1. Company name
ADVICS Fuzhou Automobile Parts Co., Ltd.
2. Date to be established
February 2011 (Planned)
3. Address
Five Jushan District, Qing Kou Town, Fuzhou, Fujian Province
4. Capital
US$ 31 million (Approx. JPY 2.6 billion)
5. Representatives
Chairman: Shuzo Matsumoto
 (Senior Managing Director, ADVICS CO., LTD.)
President: Motoshi Ito
6. Line of business
Production and sales of control brake parts
7. Sales volume
US$ 175 million (Approx. JPY 15 billion) estimated for FY2017
8. Production start
April 2013 (Planned)
9. Employees
220 estimated for FY2014
10. Plant size
Site area; Approx. 66,700, Floor space; Approx. 9,600
 

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 Quarters: Kariya City, Aichi Prefecture, President: Takeshi Kawata) will establish an engineering and sales company, and a manufacturing company to produce control brake parts in China in 2011...

Published Date

12/1/2010

Expires

1/1/2020

News Type

Press Release

Attachments

Created at 7/5/2011 2:02 PM by Cardinal
Last modified at 2/16/2012 4:36 PM by LEBDMZWEB1\swolfe
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