Japanese suppliers invest in European operations to expand sales
Target sales to European, US, and Korean OEMs while expanding capacity in Russia and Eastern Europe
2013/10/11
- Summary
- Germany: Sanoh Industrial and Tokai Rubber acquire local suppliers
- Eastern Europe: TS Tech and Denso build new plants for automakers
- Suppliers' highlights in the U.K., Belgium, France, Netherlands & Switzerland
- Spain & Italy: TACHI-S concludes business alliance with Spanish supplier
- Russia: New plants built by various suppliers to expand operations
- Turkey: Toyota Boshoku operates new plant
Summary
New passenger-car registrations in 29 European countries from January to August 2013 fell by 5.2% year-over-year (y/y) to 8.14 million units. The sales volume in Russia also fell by 6.8% y/y to 1.8 million units for the period of January through August 2013. Under such circumstances, Japanese auto parts suppliers in Europe mostly aim to expand sales channels to non-Japanese automakers and automotive parts suppliers in Europe, the United States and Korea. New plants are constructed particularly in Russia and East European countries including Turkey. The production capacity expansion is mostly intended to meet the increase in demand for energy saving parts and to increase the number of local business partners. Corporate acquisition and joint venture set ups are also active in these countries.
Japanese suppliers Related Reports:
India (Sep. 2013)
Northern/Northeastern/Southwestern China (Aug. 2013)
Southern and Central China (Aug. 2013)
Eastern China (Jul. 2013)
the US (Jul. 2013)
Mexico and Brazil (Jun. 2013)
Thailand (Apr. 2013)
South East Asia (Mar. 2013)
Russia and Eastern Europe (Jan. 2013)
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