ASIMCO Technologies Limited

Company Profile

■URL

https://www.asimco.com/

■Address

Room 1301, 13/F, Building A, 21st Century Building, No.40, Liangmaqiao Road, Chaoyang District, Beijing, 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. 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 six major operating companies and five product R&D centers in China. In addition, the company has branches in North America, Europe and Japan.

-It develops the following types of products:

  • NVH control components and rubber seals
  • Start-stop motors, starters and generators
  • Engine cylinder blocks, cylinder heads
  • Camshafts
  • Piston rings
  • Powder metallurgy products
  • Valve seat inserts and valve guides

-The company operates in the following four markets

  • Commercial vehicles
  • Passenger cars
  • International
  • New Energy Vehicles

-Zhengzhou Coal Mining Machinery (Group) Co., Ltd.'s automotive components business unit’s (ASIMCO’s) overall operating revenue for 2020 is CNY 382,270.24 million. Due to the strong performance of the domestic commercial vehicle market in China, the core component business of commercial vehicle engines offset the decline in the passenger car business.

Products

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

-Piston rings

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

-Camshafts
-Engine starters and generators

  • 12V starters
  • 24V starter
  • 14V & 28V Generators

-Powder Metallurgy Products

  • Collars / latches / stoppers
  • Rotors and couplings
  • Housings and base plates
  • Inner gearing
  • 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 motor, starter & generator

  • Conventional starters
  • Automatic start-stop starters
  • Generators for passenger cars

-Piston rings
-Powder metallurgy 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

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 prov.
Oct. 1995 Established ASIMCO Shuangtai Components Co., Ltd. (Sichuan) in Sichuan prov.
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 prov.
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.
March. 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.
March. 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 announced that construction of its automotive component manufacturing site project commenced in the city of Yuncheng, Shanxi Province.

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