News
AW establishes AT Manufacturing Company AW TIANJIN AUTOMOTIVE PARTS CO.,LTD. in Tianjin, China
Mar. 23, 2012
News Release
Aisin AW Co., Ltd.
AISIN AW CO., LTD.(AW) has finalized a decision to establish AW TIANJIN AUTOMOTIVE PARTS CO.,LTD. as a wholly owned AT manufacturing company in Tianjin, China, in order to meet growing demand in the Chinese market.
The new subsidiary will be AISIN AW's third AT manufacturing company in China, following Tianjin-headquartered TIANJIN AW AUTOMATIC TRANSMISSION CO., LTD., which was established in Tianjin in 2004, and AW SUZHOU CO., LTD., which was established in Suzhou last April.
An overview of the new company follows.
| <Overview of the new company > | |||
| Company Name: | AW TIANJIN AUTOMOTIVE PARTS CO.,LTD. | ||
| 2. | Address: | Tianjin Economic-Technological Development Area, Tianjin, PRC | |
| 3. | Date of Establishment: | April 2012 (tentative) | |
| 4. | Capitalization: | US$100 million | |
| 5. | Investment ratio: | AISIN AW CO., LTD.: 100% | |
| 6. | Representative: | Izumi Mizutani, President (Plant Manager, Plant Ⅱ) | |
| 7. | Area: | Site area of approx. 46,000 ㎡ Building floor space of approx. 24,000㎡ | |
| 8. | Businesses: | Production, sale, and afterservice of automotive parts | |
| 9. | Products: | Automatic transmission | |
| 10. | Production capacity: | Approx. 400,000 units/year | |
| 11. | Start of production: | Late 2014 (tentative) | |
| 12. | Employees: | About 750 | |