Akebono Brake to Establish New Casting Foundry.Tokyo, Japan, Dec 5, 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) announced it will establish a new casting foundry in Tatebayashi City, Gunma Prefecture “Gunma” redirects here. For other uses, see Gunma (disambiguation). Gunma Prefecture (群馬県 , to partially insource material procurement. The new casting foundry will be constructed to ensure a stable material supply, lower costs and enhance Akebono's disc brake manufacturing technical know-how. The decision results from an internal project launched to meet greater demand from auto manufacturers due to increased production. Utilizing the site of the former Akebono Brake Tatebayashi Manufacturing Co., Ltd., the new casting foundry will be designed to be a clean and comfortable place to work that is environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] . A total investment of approximately 5.0 billion yen is planned over a three year period from fiscal 2007 to fiscal 2009. Operations are expected to start with approximately 40 employees in April 2008, and by September 2009 this number will be increased to approximately 90 to achieve a production capacity of 2,200 tons per month, thereby meeting 50% of demand for Akebono's operations in Japan. Cast iron is an essential material for disc brakes. Processed cast iron forms major components (caliper caliper Instrument that consists of two adjustable legs or jaws for measuring the dimensions of material parts. Spring calipers have an adjusting screw and nut; firm-joint calipers use friction at the joint to hold the legs unmoving. bodies and support brackets) for disc brakes. Support brackets, which are difficult to procure, will be produced initially. The Akebono Group is working to achieve a global market share of 30% for friction material OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and disc brake pads, as stated in its mid-term management plan "Global 30". Akebono's decision to establish a new casting foundry to insource material was made with a view to assist the achievement of Global 30 and subsequent targets. 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. Corporate Communications Office Matthew Nicholson Tel: +81-3-3668-5183 Fax: +81-3-5695-7391 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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