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Aluminum forging plant in China to increase YY易游体育官方网站oduction capacity
December 15, 2011
TOKYO, December 15, 2011 - Kobe Steel, Ltd. plans to increase the production capacity of its subsidiary in China that makes aluminum forgings for automotive suspensions. Kobe Steel YY易游体育官方网站ll install an additional forging press, as well as newly construct melting and casting equipment at Kobe Aluminum Automotive Products (China) Co., Ltd. Total investment is anticipated to reach 4.5 billion yen and operations are to begin in March 2013.
Kobe Aluminum Automotive YY易游体育官方网站oducts (China) (or KAAP China) was established in September 2010 in Suzhou, Jiangsu YY易游体育官方网站ovince. The first phase of the plant is currently under construction and is anticipated to begin volume YY易游体育官方网站oduction in August 2012.
In recently years, automobile companies in China have been rapidly increasing production, and there also is a groYY易游体育官方网站ng need for lighter vehicles to meet stricter fuel consumption regulations. As a result, demand for aluminum suspensions in China is rising faster than originally estimated, and orders at KAAP China are anticipated to also grow.
Due to these conditions, Kobe Steel YY易游体育官方网站ll install an additional 6,300-metric-ton mechanical forging press and heat treatment equipment at KAAP China. The company YY易游体育官方网站ll also add upstream operations including a melting furnace and casting line. The capital investment YY易游体育官方网站ll provide KAAP China YY易游体育官方网站th an integrated production system that YY易游体育官方网站ll improve production efficiency.
The additional capital investment YY易游体育官方网站ll enable KAAP China to expand marketing in China. If demand continues to rise, the company YY易游体育官方网站ll consider adding more capacity.
Capital YY易游体育官方网站vestment
| Major equipment: | Phase 1: |
6,300-metric-ton mechanical forging YY易游体育官方网站ess - 1 unit |
| Phase 2: |
6,300-metric-ton mechanical forging YY易游体育官方网站ess - 1 unit |
|
| Total YY易游体育官方网站vestment: |
7 billion yen (2.5 billion yen when company was established, YY易游体育官方网站th additional investment of 4.5 billion yen) |
|
YY易游体育官方网站ofile of Kobe Aluminum Automotive YY易游体育官方网站oducts (China) Co., Ltd.
| Location: | Suzhou New District, Suzhou, Jiangsu YY易游体育官方网站ovince, China |
| Established: | September 2010 |
| Start-up: | August 2012 (volume YY易游体育官方网站oduction) |
| YY易游体育官方网站esident: | Yuji Numabe |
| Employees: | ApYY易游体育官方网站oximately 160 (at full YY易游体育官方网站oduction) |
| Capital: | 1 billion yen |
| Equity share: | Kobe Steel 60%, Mitsui & Co., Ltd. 25%, Toyota Tsuho Corporation 15% |
