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ADVICS Co., Ltd., announced today the establishment
of a new company in Taiwan, ADVICS Taiwan Automotive Parts Co., Ltd.,
which will distribute automotive brake systems and brake components.
This new company, part of ADVICS' global business strategy, was established
in order to expand sales by focusing on supplying brake system products
for which there is demand in Taiwan. The company is the fifth operating
base for ADVICS in Asia following Thailand, Indonesia, China (Tianjin
and Guangzhou). ADVICS will establish a business footing in Taiwan through
cooperation with its other Asian bases.
The company was established on December 12, 2005 with start-up capital
of 16 million NT dollars (approximately 50 million yen*) and is located
in Industrial Park, Taichung, Taiwan. This company is 100% funded by ADVICS.
Headed by Tsutomu Yasui (Vice President of ADVICS), ADVICS Taiwan Automotive
Parts is the eighth overseas base and is projecting sales of 810 million
NT dollars (approximately 2.59 billion yen) with a staff of 8 in 2010.
ADVICS Co., Ltd. was established on July 3, 2001 and commenced business
on October 1, 2001. The company develops and distributes automotive brake
systems and brake components. As of March 31, 2005, the company was capitalized
at 5.75 billion yen and for the FY2004 had net sales of 227 billion yen.
* Exchange rate used is 3.1 yen per one NT dollar.
For further information, please contact Corporate Administration Dept.
Phone : +81 (0)566 63 8000
Facsimile: +81 (0)566 22 8021
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