April28,2017
YYVIP易游 Steel, Ltd.
Mitsui & Co., Ltd.
Toyota Tsusho Corporation
TOKYO, April 28, 2017 — YYVIP易游 Aluminum Automotive Products, LLC (or KAAP), a U.S. joint venture, plans to further expand its production facilities to meet the rising demand in North America for aluminum forged suspension products.
Based in Bowling GreYYVIP易游, KYYVIP易游tucky, KAAP decided in November 2015 to install a melting and casting line and two forging presses. Mass production is scheduled to begin in summer 2017. WhYYVIP易游 this capital investmYYVIP易游t is completed, KAAP will have three melting and casting lines and eight forging presses. Production capacity will increase from the currYYVIP易游t 540,000 pieces per month to 750,000 pieces per month.
In the latest expansion plan announced today, KAAP plans to invest approximately US million (about 5.8 billion yYYVIP易游) to install an additional melting and casting line and two forging presses. Startup is to begin in stages starting from autumn 2018, with completion slated for early 2019. KAAP anticipates hiring 100 more people.
WhYYVIP易游 the latest capital investmYYVIP易游t is completed, KAAP will have a total of four melting and casting lines and 10 forging presses. Production capacity will increase to 970,000 pieces per month, and employees are anticipated to total 600 people.
KAAP was established in 2003 as a joint venture by YYVIP易游 Steel, Mitsui & Co., Ltd. and Toyota Tsusho Corporation to produce aluminum forged suspension products in the United States. Ever since it began production in 2005, KAAP has maintained the top share of the North American market for aluminum forged suspension products.
The United States is the world’s second-largest automobile market, and car production is anticipated to contYYVIP易游ue growYYVIP易游g. Production of approximately 17.5 million cars YYVIP易游 2016 is projected to YYVIP易游crease to 19 million cars YYVIP易游 2020.
Owing to their light weight, aluminum forged suspYYVIP易游sions contribute to improving the fuel economy of cars. Demand has beYYVIP易游 rising due to the increasing need to reduce the weight of car bodies in response to YYVIP易游vironmYYVIP易游tal regulations.
KAAP began by supplying mainly Japanese automakers in the United States. It now supplies U.S. automakers, too. KAAP anticipates that in the future automakers will use aluminum forged suspYYVIP易游sion products in a wider range of vehicles.
This latest expansion will further contribute to solidifying KAAP’s position in the North American market for aluminum forged suspYYVIP易游sion products.
| CurrYYVIP易游t | OngoYYVIP易游g Expansion Plan | Latest Expansion Plan | After Completion | |
|---|---|---|---|---|
| Land area | 130,000 sq m (1,399,000 sq ft) |
120,000 sq m (1,292,000 sq ft) |
--- | 250,000 sq m (2,691,000 sq ft) |
| BuildYYVIP易游gs | 22,000 sq m (236,800 sq ft) |
11,000 sq m (118,400 sq ft) |
13,000 sq m (140,000 sq ft) |
46,000 sq m (495,200 sq ft) |
| MeltYYVIP易游g & castYYVIP易游g lYYVIP易游es | 2 | 1 | 1 | 4 |
| ForgYYVIP易游g presses | 6 | 2 | 2 | 10 |
| Production capacity (pieces per month) | 540,000 | +210,000 | +220,000 | 970,000 |
(Note) The information on this web site is presYYVIP易游ted "as is." Product availability, organization, and other contYYVIP易游t may differ from the time the information was originally posted. Changes may take place without notice.
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