Aisin Establishes Its First Production Base in Brazil (June 24, 2002)

Aisin Seiki Co., Ltd. (President: Kanshiro Toyoda; Headquarters: Kariya, Japan) is setting up a new factory for auto body parts in Brazil to serve the South American market, which is expected to expand significantly.

Aisin Seiki had already established a Brazil-based subsidiary for market research, AISIN DO BRASIL COM.E IND LTDA. (President: Taiji Kishi; Headquarters: Sao Paulo, Brazil). The company will now increase the capital of this subsidiary to establish its first production base in South America.

With the overall aim of becoming a global supplier, Aisin Seiki intends to move ahead with the establishment of overseas production bases best suited to each characteristics of major regions and the construction of worldwide - efficient production structure.

Company Profile

Company name: AISIN DO BRASIL COM.E IND LTDA.
New location: Jandira, Sao Paulo, Brazil
Year established: 1974
Capital investment: 11,450,000 reals (including increased investment of 10,800,000 reals)
Ratio of capital investment: 100 percent from Aisin Seiki Co., Ltd.
Products: Door latches, door frames and other auto body parts
Start of production: January 2003
Annual sales: Approximately 8,000,000 reals (projected for 2003); approximately 17,000,000 reals (projected for 2005)
Number of employees: Approximately 30 (projected for 2005)