May. 22, 2012
ADVICS Co., Ltd
ADVICS Co., Ltd. (Head Office: Kariya, Aichi, Japan; President: Takeshi Kawata) has established a comapny for producing brake parts in Yunfu City, Guangdong, China.
The purpose of establishing the new companies is to enhance operational capabilities and strengthen ADVICS' production bases via order increases in the Chinese automobile market, and additionally to acquire new businesses.
ADVICS started production in China in 2004 and has since then built production bases in Tianjin, Guangzhou and Fuzhou in this order. The new company will be the fourth production base in China.
The new company plants to launch production in December 2013, and hire 350 people by 2016.
ADVICS views the enhancement of its production bases in China as an opportunity for market expansion and global growth as a brake systems supplier.
General information on the new companies is as follows.
|<Summary of new company >
ADVICS Yunfu Automobile Parts Co., Ltd.
||Yuncheng district, Yunfu City, Guangdong, China
100 million CNY (About 1.2 million JPY)
ADVICS Co., Ltd.: 80%
LIOHO MACHINE WORKS (CHINA) HOLDING CO., LTD.: 20%
||Line of business:
||Production of brake parts
Brake boosters, Disc brake calipers
Scheduled for December 2013
|| Sales volume:
Approx 400 million CNY (About 4.8 billion JPY) targeted for FY2016
||About 350 targeted for 2016
||Site area: Approx. 66,700 sq.m.
Building area: Approx. 18,400 sq.m.