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ADVICS CO., LTD. (Head office: Kariya, Aichi, Japan; President: Takeshi Kawata) has established a company for producing brake parts in in Yunfu City, Guangdong, China.
The purpose of establishing the new company is to enhance operational capabilities and strengthen ADVICS' production bases via order increases in the Chinese automobile market, and additionally to acquire new businesses.
ADVICS started production in China in 2004 and has since then built production bases in Tianjin, Guangzhou and Fuzhou in this order. The new company will be the fourth production base in China.
The new company plans to launch production in December 2013, and hire 350 people by 2016.
ADVICS views the enhancement of its production bases in China as an opportunity for market expansion and global growth as a brake systems supplier.
General information on the new company is as follows.
Summary of new company
| 1. Company name |
ADVICS Yunfu Automobile Parts Co., Ltd. |
| 2. Establishment |
April 2012 |
| 3. Address |
Yuncheng district, Yunfu City, Guangdong, China |
| 4. Capital |
100 million CNY (About 1.2 billion JPY)
ADVICS CO., LTD.: 80%,
LIOHO MACHINE WORKS (CHINA) HOLDING CO., LTD.: 20% |
| 5. President |
Takashi Mizuno |
| 6. Line of business |
Production of brake parts |
| 7. Product line |
Brake boosters, Disc brake calipers |
| 8. Production launch |
Scheduled for December 2013 |
| 9. Sales volume |
Approx. 400 million CNY (About 4.8 billion JPY) targeted for 2016 |
| 10. Employees |
About 350 targeted for 2016 |
| 11. Plant size |
Site area: Approx. 66,700 sq.m.
Building area: Approx. 18,400 sq.m.
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For further information, please contact Corporate Administration Dept.
Phone : +81 (0)566 63 8000
Facsimile: +81 (0)566 22 8021
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