Thai Production Company's Capacity Stepped Up (September 10, 2003)

Siam Aisin Co., Ltd. (President: Mr. Shinichi Mizukoshi), an overseas affiliated production company of Aisin Seiki Co., Ltd. (President: Mr. Kanshiro Toyoda; Headquarters: Kariya-city, Aichi, Japan), started operation of new plant and step up its production capacity on September 1 to meet the growing demand in the ASEAN region with Thailand at its center.

Siam Aisin engages in machining and assembly brake and engine-related parts, assembly body-related parts, and delivers them to Thailand-based affiliates of Toyota, Hino, Isuzu, and Mitsubishi.
This new plant operation will respond to production expansion from the rollout of Toyota's world car "IMV" into the ASEAN region. Siam Aisin built a 14,000 square meters, which is the same size as its existing plant, on the newly purchased 40,000 square meters plot. Along with the construction of the new plant, Siam Aisin restructured its manufacturing facilities; the new plant deals with engine and body parts, while the existing plant focuses on brake parts. Siam Aisin aims to expand sales as well as increase and strengthen production capacity.

In the ASEAN region, there are ten overseas affiliated companies of Aisin Group including Siam Aisin. The Aisin Group integrally manufactures automotive parts related to brake, engine, body and drivetrain by mutually utilizing the production bases of the group companies. One such example is that an affiliated company of Aisin Takaoka Co., Ltd. produces iron and aluminum casting, which are the materials of parts, and supplies them to Siam Aisin.

In the years ahead, we intend to strengthen the production bases of Aisin Group in Indonesia and India and to establish a mutual-complementary structure that makes use of features of each affiliate. Aisin Seiki continues to promote the establishment of a global production structure to become a global supplier.

[Company profile]

1.Company name:	Siam Aisin Co., Ltd.
2.Location:	Prachinburi, Thailand
3.Foundation:	December 1996
4.Capital investment:	880 million baht
5.Employees:	640 (as of August 2003) including 10 Japanese staffs 950 (projected for 2005)
6.Sales:	1.7 billion baht (achieved in the fiscal year 2002 ended December 2002) 2.7 billion baht (projected for 2003); 5.5 billion baht (projected for 2005)
7.Main products:	brake master cylinder; disc brake; drum brake; water pump; oil pump; fan coupling; door frame, etc.
8.Clients:	Toyota Motor Thailand Co., Ltd. Siam Toyota Manufacturing Co., Ltd. Hino Motors Thailand Co., Ltd. Isuzu Motors Co., (Thailand) Ltd. MMC Sittipol Co., Ltd.
9.Investment:	800 million baht including land, plant and facilities (only for this expansion)

Siam Aisin Co., Ltd.