AISIN - News Releases - Business Strategies

Automotive Seat Parts Manufacturing Company Established in Tianjin, China
(November 7, 2005)

Toyota Boshoku Corporation
Aisin Seiki Co., Ltd.

Toyota Boshoku Corporation (President: Masanao Motonami; Headquarters: Kariya, Aichi) and Aisin Seiki Co., Ltd. (President: Yasuhito Yamauchi; Headquarters: Kariya, Aichi) have established a company that will manufacture seat frames and functional parts in Tianjin, China.

Based in Tianjin city, the new company, TIANJIN FENG AI AUTOMOTIVE SEAT PARTS CO., LTD., will undertake integrated manufacturing of automotive seat frames and functional parts for seats.

To the present, Toyota Boshoku and AISIN have maintained a cooperative relationship in the joint development and production of frame functional parts. The new company becomes the second joint venture established by the two companies in China following the establishment of a joint venture in Guangzhou. Toyota Boshoku and AISIN will combine their capabilities in their respective fields of strength to manufacture high-quality, low-cost seat frames and related functional parts.

The parts manufactured by the new company will be delivered to Toyota Boshoku subsidiaries Tianjin Intex Auto Parts Co., Ltd. and Tianjin Kahou Automobile Decoration Co., Ltd., both of which are engaged in the manufacture of interior parts. After assembly, the seats will be delivered to Tianjin Toyota Motor Co., Ltd.

[Company profile]

1. Company name:	TIANJIN FENG AI AUTOMOTIVE SEAT PARTS CO., LTD.
2. Location:	Tianjin Tianjin Economy and Technology Development Zone
3. Date of establishment:	November 1, 2005
4. Capital:	US$16.5 million (approximately 1.9 billion yen)
5. Land area:	51,000 square meters
6. Building site area:	18,000 square meters
7. Equity stake:	Toyota Boshoku Corporation: 51%; Aisin Seiki Co., Ltd.: 49%
8. Manufactured products:	Various types of automotive seat frames, seat adjusters, rails and related parts
9. Capital investment:	Approximately 3.7 billion yen (1.0 billion yen for land and building site and 2.7 billion yen for facilities and related costs)