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Business Strategies Aisin establishes a sunroof production company in China’s Huadong District
(November 28, 2011)
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Aisin Seiki Co., Ltd. announces that it has jointly established a sunroof production company, “Aisin Wuxi Body Parts Co., Ltd.,” in Wuxi City of Jiangsu Province, China, with Hsin Chong Machinery Works Co., Ltd. (hereinafter, Hsin Chong Machinery) and Elite Sewing Machine Mfg. Co., Ltd.


The Aisin Group started manufacturing sunroofs in North China (Tianjin) in 2005 and South China (Foshan) in 2006. By establishing a production base for sunroofs in East China (Huadong), too, the Group will strengthen its local production system in China’s rapidly growing automotive market.


The new joint company with Hsin Chong Machinery will take over the Sunroof Production Division of Wuxi Mingfang, a subsidiary of Hsin Chong Machinery in Wuxi City, and start manufacturing sunroofs for local automotive makers around March 2012.


<Overview of New Company>
1. Company name:

AISIN WUXI BODY PARTS CO., LTD.

2. Establishment: September 2011
3. Address: No.4, Mingfang Road, Huazhuang Street, Binhu District, Wuxi City, Jiangsu Province, China
4. Capital:

5 million USD (approximately 390 million JPY)

5. Ownership: Aisin Seiki Co., Ltd.: 51%
Hsin Chong Machinery Works Co., Ltd.: 40%
Elite Sewing Machine Mfg. Co., Ltd.: 9%
6. Representative: President Tamotsu Hamada (former President of Aisin Seiki Foshan Body Parts Co., Ltd.)
7. Number of employees:

132 (Planned for 2012)

8. Area: Building: 9,600 m2 plant on lease
9. Products: Sunroof
10. Start of production: Around March 2012
11. Sales: Approximately 2.5 billion yen (Planned for 2015)
12. Investment: Approximately 300 million yen for facilities, etc.
*Foreign exchange rate: 1 USD = 78 JPY

Products: Sunroof
Products: Sunroof
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