Aisin Seiki group to churn out autoparts in Brazil, Indonesia
NAGOYA -- Aisin Seiki, a leading autoparts maker affiliated with Toyota, has announced plans to manufacture engine components and other parts in Brazil and Indonesia together with two subsidiaries.
By sharing offices and equipment as a group, the companies can slash investment costs by 30% compared with each going it alone. They expect capital investment to total 11.6 billion yen ($112 million), excluding costs for land and buildings.
In Brazil, engine parts will be manufactured starting in February 2016 at a new facility slated for construction on the grounds of an existing Aisin Seiki factory. This facility will also make parts for brakes and manual transmissions.
In Indonesia, group subsidiary Advics will produce brake parts starting this December. Aisin Seiki also plans to set up what will be its second Indonesian manufacturing subsidiary, to make auto body components, starting in January 2015.