Aisin Establishes Two New Companies in North America (November 13, 2001)

October 1, 2001 - Aisin Seiki Co., Ltd. (President: Kanshiro Toyoda, Headquarters: Kariya, Aichi Prefecture) has established two new manufacturing companies in North America. With these additions, the Aisin Group now has 11 manufacturing companies in North America.
Aiming to be a global supplier, Aisin Seiki will continue to expand its overseas production sites and establish efficient production systems, while adapting to local business climates.

Details:
1. Outline of Aisin Brake & Chassis

The company exclusively manufactures brake and chassis related products, such as hydraulic brake boosters.

Name: AISIN BRAKE & CHASSIS, INC. (ABI)
Establishment: October 1, 2001
Location: Terre Haute, Indiana, U.S.A.
Capital: $19 million
Ownership: Aisin Holdings of America, Inc. (AHA)*1 100%
President: Isamu Sasaki
Area:
Land - approx. 200,000m²
Building - approx. 12,960m²
(Construction of the factory will be completed by the end of June 2002.)
Production items: Hydraulic brake boosters, etc.
Start of operations: January 2003 (The production is scheduled to launch.)
Sales target: $100 million in fiscal year 2005
Number of employees: 200 in fiscal year 2005

2. Outline of Aisin Mfg. Illinois

The company exclusively manufactures automotive body related products, such as sunroofs and slide door modules.

Name: AISIN MFG. ILLINOIS, LLC (AMI)
Establishment: October 1, 2001
Location: Marion, Illinois, U.S.A.
Capital: $5 million
Ownership: Aisin U.S.A. Mfg., Inc. (AUM)*2 100%
President: Seiichi Takahashi
Area:
Land - approx. 174,000m²
Building - approx. 15,000m²
(Construction of the factory will be completed by the end of May 2002.)
Production items: Sunroofs and slide door modules, etc.
Start of operation: July 2002 (The production is scheduled to launch.)
Sales target: $150 million in fiscal year 2005
Number of employees: 250 in fiscal year 2005

Note:
*1: Aisin Holdings of America, Inc. - Aisin Group's administration company in North America
*2: Aisin U.S.A. Mfg., Inc. - Manufacturing Company of automotive body parts located in Indiana. The company has 1,600 employees and sales of $446 million.