ASIMCO Technologies Limited Business Report FY ended Dec. 2013
New Companies-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., established on August 8, 2013, started operations in December 2013. The new company produces powder metallurgical valve seats. It plans to employ 300 people by 2016 to manufacture 90 million valve seats and generate CNY 300 million in sales per year. (From a press release on December 24, 2013)
Contracts-The Company announced that it was awarded a first contract from Navistar on November 22, 2013. Under the agreement ASIMCO will provide two types of aluminum die-casting products to the U.S. company. (From a press release on November 30, 2013)
-ASIMCO (Tianjin) Automotive Parts Co., Ltd. announced that the L-type engine brackets, which it will supply to Paccar for the first time, have passed the Production Part Approval Process (PPAP). Production of the engine brackets has already begun on a small-lot production line. (From a press release on November 20, 2013)
-ASIMCO NVH announced that it has been awarded a new contract to supply diaphragms to Tokico Automotive (Suzhou) Co., Ltd., which supplies its products to Dongfeng Nissan. Mass production of the diaphragms will begin in November. (From a press release, October 11, 2013)
-ASIMCO Meilian Braking Systems (Langfang) Co., Ltd. announced that the company has won a compressor program from Mercedes Benz in Germany for the first time in May 2013. This is another contract with Daimler, following the orders from Beijing Foton Daimler Automotive Co., Ltd. in June 2012, and ASIMCO Meilian will start the high-volume production in 2016. (From a press release, May 2, 2013)
-ASIMCO Casting Co., Ltd. has announced that it has been awarded a new program to supply L-bracket moldings to PACCAR. The program is expected to be worth 200,000 dollars in sales. L-bracket molding is a small assembly product consisting of an aluminum die casted part, a rubber pad and a locknut. (From a press release, April 4, 2013）
Awards and Supply-ASIMCO NVH Technologies Co. Ltd (Anhui), the Company’s subsidiary, announced that it was honored again as Bosch's Preferred Supplier 2013 in March 2013. ASIMCO Anhui has been awarded the same awards from Bosch’s headquarters for the consecutive four years. The business between ASIMCO Anhui and Bosch started in 1999, and ASIMCO Anhui’s sales and cumulative sales to Bosch amounted to RMB 39.84 million and over RMB 400 million respectively. ASIMCO Anhui has started production of various parts which the company developed for the recent few years, and the sales for each part are expected to increase. For example, the sales of the gear covers for Bosch Changsha, ABS pads for Bosch Suzhou, and shock absorber units for electronics division of Bosch Suzhou, are expected to increase by RMB 8-10 million, RMB 3 million, and RMB 1.5 million respectively. (From a press release on May 30, 2013)
-On March 13, 2013, ASIMCO NVH Technologies Anhui announced that it has been awarded the Excellent Supplier Award from Great Wall Motor Chassis Module. (From a press release, March 26, 2013)
-Yizheng Shuanghuan Piston Ring Co., Ltd., a subsidiary of ASIMCO Technologies Limited, was awarded the Excellent Supplier Award for 2012 from Shanghai Diesel Engine. The company has won the prize for nine straight years Yizheng Shuanghuan Piston Ring also received the 2012 Excellent Supplier Award from Yuchai Machinery in December, 2012. (From a press release, February 28, 2013)
-ASIMCO NVH Technologies Anhui, a subsidiary of ASIMCO, received the Excellent Quality Award for 2012 from SAIC-GM-Wuling at the automaker’s 2013 supplier meeting held in Chongqing. Of the 621 global suppliers that participated in the meeting, the Excellent Quality Award was given to only four companies, including ASIMCO NVH. ASIMCO NVH has been supplying products to SAIC-GM-Wuling since 2008, when it started providing parts for the Chevrolet N300 and the Spark. By 2012, the company had increased its share of products used in the N300 to 80 percent while winning an exclusive supply contract for the N108. As a result, sales during the year reached nearly 100 million yuan. During 2012, the company was chosen as a developer and supplier of the following items: engine mounts for the CN100B15, 16 chassis sleeve products for the N400, engine mounts for the N310B12MCE, and diesel engine mounts for the N111 and the N111D09. (From a press release, January 21, 2013)
-ASIMCO Meilian Braking Systems (Langfang) Co., Ltd. attended Weichai Power’s supplier meeting and received the company’s Excellent Supplier Award for 2012. Other ASIMCO group companies that participated in the meeting were Yizheng Shuanghuan Piston Ring Co., Ltd., ASIMCO Tianwei Fuel Injection Equipment (Beijing) Co., Ltd., and ASIMCO International Casting Co., Ltd. (Shanxi). During the meeting, Weichai Power announced that it produced approximately 513,000 engines in 2012, a decrease of 24 percent from the previous year’s 673,000 engines. Sales stood at 33 billion yuan, dropping 34 percent from the previous year’s 50 billion yuan. Weichai Power’s future production and sales targets remain unchanged. The company expects to produce 1.2 million engines in 2015, and 2 million engines in 2020. In 2020, Weichai Power expects to generate sales of 300 billion yuan. (From a press release, January 17, 2013)
Pass the Test
<Yizheng Shuanghuan Piston>
-In November 2013, Yizheng Shuanghuan Piston Ring Co., Ltd., a subsidiary of the Company, has passed a testing for Initial Sample Inspection Report (ISIR) conducted by Jiangling Motors Co., Ltd.
-In November 2013, Yizheng Shuanghuan Piston Ring Co., Ltd., a subsidiary of the Company, passed the Production Part Approval Process (PPAP) testing by Anhui Jianghuai Navistar Diesel Engine Co., Ltd. (Navistar). Navistar granted Yizheng Shuanghuan Piston Ring the rights to develop piston rings for two engine models in 2011.
-In September 2013, Yizheng Shuanghuan Piston Ring Co., Ltd., a subsidiary of ASIMCO, passed the OTS testing conducted by Haima. The OTS testing evaluates the company's capabilities in the following areas: production process plans; systems control; product development; inspection capability; manufacturing process control; and production management. Having passed the OTS screening, the company has acquired the certification to mass-produce components for Haima.
-In September 2013, Yizheng Shuanghuan Piston Ring Co., Ltd., a subsidiary of ASMICO, passed a testing by Dongfeng Motor Pump Co., Ltd. (From a press release October 21, 2013)
-In July 2013, Yizheng Shuanghuan Piston Ring Co., Ltd., a subsidiary of the Company, passed a supplier screening by Germany-based piston supplier KS. (From a press release, August 9, 2013)
<ASIMCO Camshaft (Yizheng)>
-In October 2013, ASIMCO Camshaft (Yizheng) Co., Ltd., which is a subsidiary of the Company, announced that the company passed a testing conducted by the procurement division of Cummins. (From a press release on October 29, 2013)
<ASIMCO NVH Technologies>
-In September 2013, ASIMCO NVH Technologies Co., Ltd. passed the VDA6.3 audit conducted by Continental. With this achievement, the company became suuplier for Continental and will develop and produce products for the Germany-based company. (From a press release, October 1, 2013)
<ASIMCO Meilian Braking Systems>
- In July 2013, ASIMCO Meilian Braking Systems (Langfang) Co., Ltd., a subsidiary of the Company, announced that its water-cooled cylinder liner compressor has passed a testing conducted by Weichai Power. (From a press release, August 9, 2013)
R&D facilities-The Company has 6 R&D centers in China.
-The Company conducts research and development on NVH and other technologies related to engines and chassis at its R&D center in Wuhu, Anhui Province.
-The R&D Center for NVH Technology at ASIMCO Technologies Limited was named as "China National Accreditation Service for Conformity Assessment (CNAS)".
|Facility||Area of Cooperation||Nature of Relationship|
|Asimco Braking Technologies (Langfang) Co., Ltd.||Compressors for air brakes||License Production|
|Asimco International Casting Co., Ltd. (Shanxi)||Large iron castings (i.e. Engine blocks, Cylinder heads)||Joint Venture|
-ASIMCO Camshaft (Yizheng) Co., Ltd., which is a subsidiary of the Company, announced that the company and Shanghai Jiao Tong University have signed an agreement to collaborate on the research and development of manufacturing robots. The robots are expected to be used on cam shaft production lines. The contract is worth CNY 1 million. (From news releases issued by multiple sources on May 19, 2013)
-ASIMCO International Casting Co., Ltd. (Shanxi), which is a subsidiary of the Company, held an inauguration ceremony for its second casting factory on May 8, 2013. The company is China's major supplier of engine cylinder blocks and cylinder heads. The expansion will allow the company to further increase its production capacity. (From a press release on May 8, 2013)