Aisin Asia (Thailand) and Manoyontchai Co., Ltd. Enter into a Capital and Business Tie-up to Enhance Aftermarket Business

Mar. 26, 2019

News Release

 

Aisin Asia (Head Office: Singapore), a 100% subsidiary of Aisin Seiki, concluded a capital and business tie-up agreement between its subsidiary Aisin Asia (Thailand) Co., Ltd. (hereinafter, "AA-T") and Manoyontchai Co., Ltd. (hereinafter, "Manoyont"), a Manoyont Group company engaged in sales of aftermarket parts, with the aim of enhancing the aftermarket business in Thailand and its neighboring countries. This agreement is associated with the AA-T's acceptance of 25.5% of the capital from Manoyont on March 22.

The aftermarket parts market in this region is expected to expand and the capital tie-up with Manoyont, which has strong sales channels with local parts distributors, will strengthen the sales structure of AA-T.

The Aisin Group established an Aftermarket Product Virtual Company in August 2018 for the purpose of further expanding the Group's aftermarket business. Group-wide efforts will be promoted to enhance the business structures in each region worldwide, with the aim of further increasing sales.

 

Company Outline

1. Company name

Aisin Asia (Thailand) Co., Ltd.

Manoyontchai Co., Ltd.

2. Founded

January 2013

June 1966

3. Location

1 MD Tower, 4th Floor, Room E.F., Soi Bangna-Trad 25, Bangna-Trad Rd., Kwang Bangna, Khet Bangna Bangkok 10260, Thailand

594 Luang Road, Pomprap, Pomprapsattruphai, Bangkok 10100, Thailand

4. Representative

President & Director

Masahiro Shiiya

CEO

Manoj Leegomonchai

5. Major businesses

Procurement and sales of aftermarket parts for the Aisin Group

Sales of aftermarket parts