Asahi Tec establishes new joint venture in China with Wheelhorse aluminum casting.Asahi Asahi (朝日 or 旭) means "morning sun" in Japanese. It is a name of several places in Japan:
 `ôkä), city (1990 pop. 472,196), capital of Shizuoka prefecture, E central Honshu, Japan, on Suruga Bay. , Japan, announced its second aluminum
wheel manufacturing joint venture with Wheelhorse Aluminum Casting Co.
Ltd., Zengcheng City, Guanzhou, China, which will double its production
capacity in China.
The announcement comes on the heels of the company's release of a restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). plan. The plan is to include a plant closing, the replacement of as many as 25 executives and global reorganization. The company's Greenville, N.C., chassis Pronounced "chah-see," it is a physical structure that holds everything or that everything is attached to. A computer's cabinet is often called the chassis. facility, which employs 69, was closed. The joint venture in China, named Wheelhorse Asahi Aluminum Co. Ltd. (WAA (Wide Area Adapter) Any of a variety of ports or adapters that connect to a wide area network (WAN), including RS-232, RS-422 and V.35. ) and located in Guandzou City, China, will produce one million wheels per year by the end of 2007. In addition, the company's existing joint venture, Dicastal Asahi Aluminum, currently builds approximately one million wheels, raising the company's production capacity to two million wheels in China. Including the production capacity of 1.6 million pieces per year from its subsidiary in Thailand, Asahi Tec now can provide 3.6 million pieces annually to its current customers in Japan, Thailand and China. WAA uses two of Asahi Tec's proprietary casting methods, including center-gate low pressure diecasting. The company currently delivers its products to Japanese OEMs. Metaldyne, Asahi Tec's recent Plymouth, Mich., based casting acquisition, announced a new $70 million contract with an unnamed automotive 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 roughly a month and a half prior to the company's move in China. |
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