ASIMCO (Nanjing) Limited (Formerly ASIMCO (Beijing) Limited)

Company Profile

■URL

http://www.asimco.com.cn

■Address

No. 301 Zhongshan East Road, Xuanwu District, Nanjing City, Jiangsu Province, China

Business Overview

Established in 1994 and headquartered in Beijing, China, it is a leading supplier of automotive components in China, providing 70% of its products to global companies. The company operates in both domestic and international markets. In 2016, the Company became a subsidiary of China's leading coal mining machinery manufacturer Zhengzhou Coal Mining Machinery (Group) Co., Ltd.

-The Company has twelve major production sites and five product R&D centers in China. In addition, it has branches in North America, Europe and Japan.

-In 2023, ASIMCO's overall operating income was CNY 423,608.44 million, an increase of 22.93% over the previous year. This is mainly due to the gradual fading of the impact of the COVID pandemic in 2023, the steady recovery of the economy, the gradual recovery of road freight demand, and the recovery of the automobile market, which drove ASIMCO's overall revenue to increase.

-The Company’s products are divided into the following product lines:

NVH control components and rubber seals
Start/stop motors, starter motors, and generators
Engine cylinder blocks, cylinder heads
Camshafts
Piston rings
Powdered metal products
Valve seat inserts and valve guides

Shareholders

(As of December 31, 2023)

Shareholders	Shareholding ratio
Zhengzhou Coal Mining Machinery Group Co., Ltd.	100%

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Products

Products for commercial and off-road vehicles
-Engine cylinder blocks/cylinder heads

-Piston rings

Piston rings for diesel engines
Piston rings for natural gas engines
Piston rings for general-purpose machinery
Piston rings for air compressors
Piston rings for brake pumps

-Camshafts

-Powdered Metal Products

Collars / latches / stoppers
Rotors and couplings
Housings and base plates
Inner gear ring
Sun gears
Planetary gears

-Valve seats

Products for Passenger Cars
-Seals

Seals for hydraulic brake systems
Seals for electro-hydraulic brake systems (EHB)
Seals for electric parking brakes (EPB)
Rubber seals for fuel tanks and injection systems
Water pump bracket and inner seal
Cable and rubber seals for window motors
Ball head dust cover

-NVH products

Damping pads for ABS
Engine mounts
Transmission mounts
Front mounts
Rear torsion bar mounts
Swing arm bushings
Rear axle bushings
Stabilizer bar bushings
Subframe bushings
Connecting rod bushings
Shock absorber bushings
Shock absorber top mounts
Exhaust pipe lifting lugs

-Start-stop motors, starters, and generators

Conventional starters
Automatic start-stop starters
Generators for passenger cars

-Piston rings
-Powdered metal products

Collars / latches / stoppers
Rotors and couplings
Housings and base plates
Inner gearing
Sun gears
Planetary gears

Products for New Energy Vehicles
-Seals

Seals for electro-hydraulic brake systems (EHB)
Seals for electric parking brakes (EPB)
48V battery seals
Cable and rubber seals for window motors
Water pump brackets and inner seals
Electric power steering system seals
Ball head dust covers

-NVH Products

Motor mounts
Compressor mounts
Swing arm bushings
Rear axle bushings
Stabilizer bar bushings
Subframe bushings
Connecting rod bushings
ABS damping pads
Shock absorber bushings
Shock absorber top mount
Spring pads

-Powder metallurgy products

Collars / Latches / Stoppers
Rotors and couplings
Housings and base plates
Inner gearing

-Micro Motors

Electric water pump
Oil pump motors

-Shafts

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History

Mar.-Dec. 1993	John F. (Jack) Perkowski (the incumbent president and CEO of the Company) visited over 100 factories in 40 cities in China to conduct a preparatory study for investing in China.
Feb. 1994	Established Asian Strategic Investments Corporation (ASIMCO) in Beijing, China.
Aug. 1994	Acquired ASIMCO Components Co., Ltd. (Anhui) in Ningguo city, Anhui province. This subsidiary is currently called ASIMCO NVH Technologies Co., Ltd. (Anhui).
Oct. 1994	Established ASIMCO Nanyue (Hengyang) Co., Ltd. in Hengyang, Hunan Province.
Oct. 1994	Established a joint venture, Liangfang Meilian Brake Device Co., Ltd., in Hebei Province. This subsidiary is now called ASIMCO Meilian Braking Systems (Langnfang) Co., Ltd.
Dec. 1994	Established ASIMCO Tianwei Fuel Injection Equipment (Beijing) Co., Ltd. jointly with Beijing Automotive Industry Holding.
April 1995	Established a joint venture, ASIMCO Hubei Super Electric Motor Co., Ltd., in Jingzhou City, Hubei Province.
Aug. 1995	Establish Yizheng Shuanghuan Piston Ring Co., Ltd. in Yizheng city, Jiangsu province.
Oct. 1995	Established ASIMCO Shuangtai Components Co., Ltd. (Sichuan) in Sichuan province.
Nov. 1995	Established ASIMCO Braking Systems (Guangzhou) Co., Ltd. in Guangzhou , Guangdong Province.
Dec. 1995	ASIMCO Hubei Super Electric Motor Co., Ltd. acquired 49 percent stake in Hubei Delphi Automotive Generator Co., Ltd. in Jingzhou City, Hubei, and established Remy Electricals Hubei Co., Ltd.
1995	Acquired Zhuhai Huamei Automotive Brake Industry Co., Ltd. (Zhuhai, Guangdong Province) and established ASIMCO Braking Systems (Zhuhai) Co., Ltd.
Nov. 1997	Established ASIMCO International Casting Co., Ltd. (Shanxi) in Shanxi province.
July 1998	Established ASIMCO Casting (Beijing) Co., Ltd. in Beijing.
2000	Established ASIMCO International Inc. to conduct sales, engineering, product development, and support services in Cleveland Ohio, U.S.A.
Apr. 2003	Took over the camshaft division (consisted of three plants) of Federal-Mogul (U.S.) and established ASIMCO Camshaft Specialties, Inc. in the U.S.A.
Oct. 2003	Established ASIMCO Components (Wuhu) Co., Ltd. in Wuhu, Anhui Province. This subsidiary is now called ASIMCO NVH Technologies Co., Ltd. (Wuhu).
2004	Established Liangfang Meilian Brake Device Co., Ltd. Gu'an Casting Branch (Now ASIMCO (Gu'an) Auto Components Co., Ltd.) in Langfang, Hubei Province.
Feb. 2004	Key Principal Partners invested in acquiring the majority share in the Company. The Company thereby adopted the current name, ASIMCO Technologies Limited.
Mar.2004	Established ASIMCO Foundry (Yizheng) Co., Ltd. in Yizheng, Jiangsu Province.
May 2004	Invested in acquiring a 100% share of Jiangsu Yizheng Camshaft Factory and established ASIMCO Camshaft (Yizheng) Co., Ltd. in Yizheng, Jiangsu Province.
July 2004	Sold off ASIMCO Braking Systems (Zhuhai) Co., Ltd.
May 2005	Established ASIMCO Brake Technology (Langfang) Co., Ltd. in Langfang City, Hebei Province to produce air brake compressors.
Aug. 2005	The Company acquired NVH Concepts L.LC. in Michigan, U.S.A., and established ASIMCO NVH Technologies Inc. to manufacture NVH products such as engine mounts.
Oct. 2005	ASIMCO Nanyue (Hengyang) Aluminum Products Co., Ltd. established in Hengyang city, Hunan Province.
2006	The Company sold off ASIMCO Braking Systems (Guangzhou) Co., Ltd.
July 2006	The Company and Phillips & Temro Industries (PTI), a U.S.-based manufacturer of cold start emission control systems, jointly established ASIMCO PTI Air Intake System (Yizheng) Co., Ltd. to produce intake air heaters in Yizheng City, Jiangsu Province.
Sep. 2010	Bain Capital, LLC. acquired The Company.
Nov. 2010	The Company sold ASIMCO Nanyue (Hengyang) Co., Ltd. and ASIMCO Nanyue (Hengyang) Aluminum Products Co., Ltd.
Dec. 2013	Yizheng NPR ASIMCO Powder Metallurgical Manufacturing Co., Ltd., a joint venture between the ASIMCO Group's Yizheng Shuanghuan Piston Ring Co., Ltd. and Nippon Piston Ring Co., Ltd., started operations.
Mar. 2015	ASIMCO announced that the company and Frits Winter of Germany have signed an agreement to establish a joint venture in Langfang, Hebei Province, China.
Mar. 2016	Zhengzhou Coal Mining Machinery Group Co., Ltd. (Zhengzhou Coal) acquired 100% of ASIMCO International Casting Co., Ltd. (Shanxi) shares from ASIMCO (China) Limited. Zhengzhou Coal acquired 100% of the shares of ASIMCO NVH Technologies Co., Ltd. (Anhui) (ASIMCO NVH) through the purchase (by stock issue and cash) of 23% of the shares from ASIMCO (China) and 77% from ASIMCO Technologies Hong Kong Limited. Zhengzhou Coal acquired 63% of Yizheng Shuanghuan Piston Ring Co., Ltd., 70% of ASIMCO Foundry (Yizheng) Co., Ltd., and 63% of ASIMCO Camshaft (Yizheng) Co., Ltd., all from Axle ATL Cayman Limited. Finally, Zhengzhou Coal acquired 100% of CACGI shares from ASIMCO Technologies Limited.
May. 2016	Brembo S.p.A. announced that it has completed the acquisition of a 66% stake in the share capital of ASIMCO Meilian Braking Systems (Langfang) Co., Ltd.
Dec. 2016	ASIMCO Tianwei Fuel System (Tianjin) Co., Ltd. held a cornerstone laying ceremony for a high-pressure common rail fuel injection system plant in Wuqing, Tianjin.
Apr. 2021	ASIMCO Industrial Technology (Yuncheng) Auto Parts Manufacturing Base Project held groundbreaking ceremony in Shanxi.
Feb. 2022	Started construction of ASIMCO Shuanghuan auto parts manufacturing site.