Akebono Brake Establishes New Company in Thailand.Tokyo, Japan, Sept 28, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Akebono Brake Industry Co., Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :7238) today announced the establishment of Akebono Brake (Thailand) Co., Ltd. on August 11 in Chonburi Province Chonburi (Thai: ชลบุรี) is a province (changwat) of Thailand. Neighboring provinces are (from north clockwise) Chachoengsao, Chanthaburi and Rayong. To the west is the Gulf of Thailand. . Akebono acquired a site in Chonburi Province's Amata Nakorn, Thailand's largest industrial estate, to initially manufacture disc brakes for Japanese automobile makers with operations in Thailand. Construction of the facility is scheduled to begin soon and initial production is planned for July 2007. Akebono will make a total investment of approximately 2.0 billion yen, and is targeting sales of 5.0 million yen in 2010. The new company adds to the Akebono Group's presence in Southeast Asia. In Indonesia, PT. Tri Dharma dharma (där`mə). In Hinduism, dharma is the doctrine of the religious and moral rights and duties of each individual; it generally refers to religious duty, but may also mean social order, right conduct, or simply virtue. Wisesa (TDW TDW Total Diamond Weight TDW Telecommunications Data Warehouse TDW Tower Display Workstation (FAA) TDW Tonnage Dead Weight TDW Training Development Workload TDW Time/Data Word TDW Turbo Debugger for Windows ) manufactures disc brakes, drum brakes and friction material for drum brakes, and Akebono Corporation Asia Pte. Ltd. is a sales base in Singapore. Akebono also supplies from Japan to meet customer needs in the region. In addition to expanding Akebono's business in the Thai market, Akebono Brake Thailand Co., Ltd. will function as a base to strengthen regional business integration in Southeast Asia. The company will also drive business development in Asia, where further market growth is anticipated. About Akebono Brake Industry Co., Ltd. Akebono Brake Industry, Co., Ltd. (TSE: 7238), established in 1929, is a world leader in advanced brake and friction material development and production. Akebono's portfolio includes brake products for automobiles, motorbikes, rolling stock rolling stock Any of various readily movable transportation equipment such as automobiles, locomotives, railroad cars, and trucks. Rolling stock generally makes good collateral for loans because the equipment is standardized and easily transportable among , and industrial machinery, and sensor products for automobiles. The Akebono Group operates R&D centers in Japan, the United States and France, and has wholly owned or affiliated manufacturing facilities in Japan, the United States, France, China and Indonesia. Akebono recorded net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 142.3 billion yen in the fiscal year ended March 31, 2006, and employs over 6,000 people worldwide on a consolidated basis. For more information, please visit www.akebono-brake.co.jp Source: Akebono Brake Industry Co., Ltd. Contact: Akebono Brake Industry Co., Ltd. Matthew Nicholson Tel: +81-3-3668-5171 E-mail: matthew-nicholson@akebono-brake.co.jp Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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