Aisin Takaoka Co., Ltd. Business Report up until FY ended Mar. 2008
Business Highlights
Recent Years
-In Nov. 2007, the Company decided to establish AT Kyushu Co., Ltd. in Kumamoto Pref. to make cast iron products. The new facility has a seamless production structure, which includes casting through machining operations, to make disc rotors and other automotive parts. AT Kyushu will start machining operations in May 2008 and casting operations in December 2008. The subsidiary is capitalized at 490 million yen, fully funded by the Company. The Company, which has been expanding its capacity to make cast iron products outside Japan as well, aims to ensure global capacity reaches 1 million tons by 2010. (From a press release on Nov. 20, 2007)
-In Apr. 2005, the Company established Takaoka Lioho (Guangzhou) Industries Co., Ltd. in Guangzhou, China to manufacture and sell around 700,000 disc rotors and other vehicles parts per year. (From a press release on May 18, 2005)
<Thailand>
-In Jan. 2005, the Company established Aisin Takaoka (Thailand) Co., Ltd. to oversee and enhance the efficiency of the Group's local operations. The new subsidiary will control the Group's five production companies in Thailand, plan business strategies, and carry out marketing locally. (From a press release on Feb. 6, 2003)
Recent Developments in Japan
<Japan>-In Nov. 2007, the Company decided to establish AT Kyushu Co., Ltd. in Kumamoto Pref. to make cast iron products. The new facility has a seamless production structure, which includes casting through machining operations, to make disc rotors and other automotive parts. AT Kyushu will start machining operations in May 2008 and casting operations in December 2008. The subsidiary is capitalized at 490 million yen, fully funded by the Company. The Company, which has been expanding its capacity to make cast iron products outside Japan as well, aims to ensure global capacity reaches 1 million tons by 2010. (From a press release on Nov. 20, 2007)
Recent Developments Outside Japan
<China>-In Apr. 2005, the Company established Takaoka Lioho (Guangzhou) Industries Co., Ltd. in Guangzhou, China to manufacture and sell around 700,000 disc rotors and other vehicles parts per year. (From a press release on May 18, 2005)
<Thailand>
-In Jan. 2005, the Company established Aisin Takaoka (Thailand) Co., Ltd. to oversee and enhance the efficiency of the Group's local operations. The new subsidiary will control the Group's five production companies in Thailand, plan business strategies, and carry out marketing locally. (From a press release on Feb. 6, 2003)
R&D
R&D Structure
-The Company conducts R&D, production engineering, and designing activities at the Takaoka Advanced Center (TA Center) located within the headquarters facility.Investment Activities
Capital Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2008 | |
| Overall | 29,605 |
Investment Outside Japan
-In FY2007, the Group expanded its casting capacity by setting up additional casting lines at both the Nawaloha Industry Co., Ltd. (Thailand) and Takaoka Lioho (Tianjin) Industries Co., Ltd. (China).-In April 2005, the Company established Takaoka Lioho (Guangzhou) Industries Co., Ltd. in Guangzhou, China to manufacture and sell automotive cast iron products. The new subsidiary will make 700,000 disc rotors and other products per year. Production is scheduled to begin in November 2005, and sales are expected to reach 2 billion yen by 2008. The new facility will initially focus on machining cast iron products to support Toyota Motor's engine plant and car assembly plant in Guangzhou. In the future, it aims to expand operations by establishing a seamless production structure, which will include casting operations. The expansion is expected to win demand from other automakers as well. The new subsidiary is capitalized at 6 million US dollars, of which 51 percent was invested by Aisin Takaoka, 46 percent by Liufeng Machinery Industry Co., Ltd., and 3 percent by Toyota Tsusho. (From a press release on May 18, 2005)