News - Establishment of a Production Company in...

ADVICS North America Inc.
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Establishment of a Production Company in Thailand

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Press Release

February 9, 2012

Establishment of a Production Company in Thailand

　ADVICS Co., Ltd. (Head office: Kariya, Aichi, Japan; President: Takeshi Kawata) has established a company for producing brake parts in Chonburi Province, Thailand.
The purpose of establishing the new company is to promote local procurement and strengthen ASEAN operations as the foundation for expanding current business, pioneering new business and increasing sales in the after-market segment of the ASEAN automobile market, which continues to grow rapidly.
The new company plans to launch production in July 2013, and hire 360 people by 2016.

　ADVICS views the establishment of a production base in Thailand as an opportunity for business expansion and global growth as a brake systems supplier.

　General information on the new company is as follows.

Summary of new company

1. Company name	ADVICS Manufacturing (Thailand) Co., Ltd.
2. Establishment	December 2011
3. Address	Pinthong Industrial Estate, Chonburi, Thailand
4. Capital	740 million THB (About 2 billion JPY) (Wholly owned by ADVICS Asia Pacific Co., Ltd.)
5. President	Teruhiro Yasuda
6. Line of business	Production of brake parts
7. Product line	Disc brake calipers
8. Production launch	Scheduled for July 2013
9. Sales volume	Approx. 3.4 billion THB (About 9 billion JPY) targeted for 2016
10. Employees	About 360 targeted for 2016
11. Plant size	Site area:　Approx. 89,000 sq.m. Building area:　Approx. 18,000 sq.m.

Excerpt

ADVICS Co., Ltd. (Head office: Kariya, Aichi, Japan; President: Takeshi Kawata) has established a company for producing brake parts in Chonburi Province, Thailand.

Published Date

2/16/2012

Expires

8/14/2012

News Type

Press Release

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