News
Aisin Group expanding business operations in Indonesia
Apr. 22, 2014
News Release
Aisin Seiki Co., Ltd.
ADVICS CO., LTD.
Two companies in the Aisin Group, Aisin Seiki Co., Ltd. and ADVICS CO., LTD. (Headquarters: Kariya, Aichi; President: Takeshi Kawata), have each established new subsidiaries in Indonesia, and will work to strengthen their business operations in the country, enhancing auto body parts business operations while also newly launching local production of engine and brake parts.
Aisin Seiki has established its second manufacturing company in Indonesia, PT. Aisin Indonesia Automotive, in Karawang International Industrial City. This will enable us to expand local production of auto body parts, as well as introducing new die casting facilities to commence production of engine parts. Together with existing manufacturing company PT. Aisin Indonesia, established in 1996, the company aims to firm up the operating base of Aisin's business in Indonesia, a country where dramatic market growth is predicted.
ADVICS will establish PT. ADVICS MANUFACTURING INDONESIA, the Aisin Group's first brake parts manufacturing company in Indonesia. The new company will launch local production with the goal of expanding business operations in the rapidly growing Indonesian market, strengthening its existing operating base and moving to capture new market share.
The new ADVICS affiliate will occupy space on the premises of PT. Aisin Indonesia Automotive, where the two companies will share resources for efficient intra-Group operation and development of the Group's supply framework in Indonesia.
In the coming days, the Aisin Group will continue expanding business operations overseas, particularly in emerging economies, as we move toward realization of the AISIN Group Vision 2020.
*The figures below are calculated at an exchange rate of 0.00893 yen to 1 rupiah.
<Summary of new Aisin Seiki affiliate>
| Company name: | PT. Aisin Indonesia Automotive | ||
| 2. | Established: | March 2014 | |
| 3. | Location: | Karawang Regency, Indonesia | |
| 4. | Capital: | 380 billion rupiah (approx. 3.4 billion yen) Percent owned: PT. Aisin Indonesia 100% | |
| 5. | Representative: | Seiji Kagami, President | |
| 6. | Businesses: | Manufacture and sales of automotive parts | |
| 7. | Parts manufactured: | Auto body parts (power sliding doors, door handles, etc.), engine parts (engine front modules and other die-cast parts, oil pumps, etc.) | |
| 8. | Scheduled start of manufacturing: | January 2015 | |
| 9. | Approximate sales: | FY2017 forecast approx. 1.488 trillion rupiah (approx. 13.3 billion yen) | |
| 10. | Employees: | FY2017 forecast approx. 1,000 | |
| 11. | Area occupied: | 146,000m2 (premises), 39,500m2 (building(s)) | |
(Ref.) Summary of existing Aisin Seiki affiliate
| Company name: | PT. Aisin Indonesia | ||
| 2. | Established: | April 1996 | |
| 3. | Location: | Bekasi Regency, West Java Province, Indonesia | |
| 4. | Capital: | 132.2 billion rupiah (approx. 1.18 billion yen) | |
| 5. | Representative: | Masao Sugiura, President Director | |
| 6. | Businesses: | Manufacture and sales of automotive parts | |
| 7. | Parts manufactured: | Auto body parts (clutch covers, clutch discs, door latches, door frames, etc.), engine parts (intake manifolds, etc.), etc. | |
| 8. | Start of manufacturing: | July 1996 | |
| 9. | Employees: | 1,620 (as of April 1, 2014) | |
| 10. | Area occupied: | 240,043m2 (premises), 2,764m2 (offices), 49,500m2 (plant) | |
<Summary of new ADVICS affiliate>
| Company name: | PT. ADVICS MANUFACTURING INDONESIA | ||
| 2. | To be established: | April 2014 | |
| 3. | Location: | Karawang Regency, Indonesia (on premises of PT. Aisin Indonesia Automotive) | |
| 4. | Capital: | 110 billion rupiah (approx. 1 billion yen) | |
| 5. | Representative: | Satoshi Yakushiji, President (ADVICS CO., LTD. Overseas Business Promotion Dept.) | |
| 6. | Businesses: | Manufacture of brake products | |
| 7. | Parts manufactured: | Brake boosters, drum brakes, parking brakes | |
| 8. | Scheduled start of manufacturing: | December 2014 | |
| 9. | Approximate sales: | 2017 forecast approx. 400 billion rupiah (approx. 3.6 billion yen) | |
| 10. | Employees: | 2017 forecast approx. 400 | |
| 11. | Area occupied: | 12,000m2 (building(s)) | |