ASIMCO Technologies Limited

Company Profile

■URL

http://www.asimco.com

■Address

7F, Tower B, Renji Plaza, 101 Jingmi Road, Chaoyang District, Beijing 100010, China

Business Overview

-The Company established in 1994. At present, the Company has become one of the leading automotive component manufacturing groups in China as a result of its vigorous capital spending and forming technical alliances with foreign manufacturers.

-The Company primarily manufactures fuel injection systems, powertrain components, chassis compoents, rotating electrics and NVH products. 60% of the Company's products are for commercial vehicles, 40% are for passenger ones.

-As of December 2016, approximately 85% of the Company’s annual sales are made to customers in China. The remaining sales are made to customers outside China, primarily to the United States. The Company’s products are also exported to Europe and Japan.

Shareholders

(As of Jun. 2016)

Company name Shareholding ratio
Zhengzhou coal mining machinery group CO.,LTD. 100%

Products

<Powertrain products>
-Cylinder blocks
-Cylinder heads
-Piston rings
-Bearing caps
-Oil pans
-Dampers
-Flywheels
-Flywheel covers
-Intake manifolds
-Water outlets
-Valve seat inserts
-Camshafts
-Cam covers
-Oil seals
-Water pumps
-Starters
-Start-stop motors
-Alternators
-Engine blocks
-Engine mount brackets
-Transmission cases
-Machined aluminum castings
-Steering gear housing
-Booster pump casing
-Coolant Pipe
-Speed Ring
-Oil Pump Gear
-EUP Adjust Pad

<Noise vibration harshness>
-Engine mounts
-Body mounts & dampers
-Rubber metal bondings
-Engine mounts
-Bushings
-TVD
-Lifting hanger
-Isolation
-Seals
-Semi-active suspension mounts
-Plastic brackets
-Tie rod diaphragms
-Flashless tooling
-Vacuum pump components

<Diesel fuel systems>
-Diesel common rail systems
-Diesel injector pumps
-Injectors
-Injection nozzles
-Plunger parts

<Chassis products>
-Air brake compressors
-Brake drums
-Brake discs
-Brake wheel cylinder
-Boosters
-Brake master cylinders
-Automatic slack adjusters
-Hubs
-Shock absorbers components
-Steering knuckles
-Control arms
-Dust covers
-O-rings
-Seals
-Diaphragms
-Slack Adjuster cap

<Other products>
-Jacks

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, Hubei Shendian Auto 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 Hubei Super-Elec Auto Electric Motor 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. will  acquire 100% of ASIMCO International Casting Co., Ltd. (Shanxi) shares and 8.07% of ASIMCO NVH Technologies Co., Ltd. (Anhui) shares from ASIMCO (China) Limited. In addition, it will purchase 14.93% of ASIMCO NVH from ASIMCO (China); 77% of ASIMCO NVH from ASIMCO Technologies Hong Kong Limited; 63% of Yizheng Shuanghuan Piston Ring Co., Ltd., 70% of ASIMCO Foundry (Yizheng) Co., Ltd., and 63% ASIMCO Camshaft (Yizheng) Co., Ltd. all from Axle ATL Cayman Limited; and 100% of CACG I shares from ASIMCO Technologies Limited by paying in cash. 
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.

Supplemental Information 1