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Japan

Aisin Plans to Merge Two Subsidiaries to Restructure Production System

Aisin Corporation (Aisin) announced on July 1 that it plans to merge two of its consolidated subsidiaries—CVTEC (Tahara City, Aichi Prefecture, Japan) and CVTEC Hokkaido (Tomakomai City, Hokkaido, Japan)—on April 1, 2028. Both subsidiaries produce metal belts for CVT (continuously variable transmissions). The move ai....

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