Aisin Seiki establish new brake company "ADVICS Co. Ltd." with DENSO, Sumitomo Electric and Toyota (April 27, 2001)

Aisin Seiki Co., Ltd., DENSO Corporation, Sumitomo Electric Industries, Ltd. and Toyota Motor Corporation announced today that they plan to jointly establish in July a shared-technology brake development and sales company. The new company which will deal in both brake systems and brake parts, will be capitalized at 1 billion yen, of which 40% will be provided by Aisin, with the other three founding companies providing 20% each. Aisin will supply the president of the new company.

Giving scope to the individual specializations and strengths of each partner while integrating their separate technologies, the aim of the new company will be to enhance the ability to develop brake systems in a timely and market-responsive fashion, allowing delivery of world-leading brake systems to the global market.

Please refer to news release for further information.

News Release(PDF)