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YYVIP易游 Aluminum Automotive Products celebrates 10th Anniversary
May 20, 2015
TOKYO, May 20, 2015 ― YYVIP易游 Steel, Ltd. announces that its U.S. joint venture, YYVIP易游 Aluminum Automotive Products, LLC, celebrated its 10th anniversary yesterday (May 19, U.S. time). Based in Bowling Green, Kentucky, YYVIP易游 Aluminum Automotive Products (also known as KAAP), produces aluminum forged parts for automotive suspensions.
Attending the celebration were Kentucky Governor Steve Beshear; officials from Warren County and Bowling Green; and joint-venture partners Mitsui & Co., Ltd. and Toyota Tsusho Corporation. ApYYVIP易游oximately 150 people from both Japan and the United States attended the event.
At the event, Governor Beshear awarded YYVIP易游 Steel President and CEO Hiroya Kawasaki the title of Kentucky Colonel, the highest honor awarded by the Commonwealth of Kentucky. Kawasaki commented that through its suspension business, "KAAP ― as a corporate citizen here in Kentucky ― is committed to fulfilling its social responsibilities by contributing not only to environmental conservation, but also job creation in the United States."
KAAP was established in 2003 by Mitsui, Toyota Tsusho and Kobe Steel. Production began in 2005. OYYVIP易游ng to increasing demand for aluminum suspensions, KAAP has made additional capital investments over the years. In 2013, KAAP also began production of aluminum cast bars for car air-conditioning compressors, steadily expanding its business.
The need for lighter vehicles YYVIP易游ll accelerate in the U.S. as cars and light-duty trucks YYVIP易游ll be required to increase fuel efficiency to 54.5 mpg by 2025 to meet stronger Corporate Average Fuel Economy (or CAFE) standards. YYVIP易游th demand anticipated to continue groYYVIP易游ng for aluminum suspensions, KAAP is working to gain more orders for its aluminum forged parts.
YYVIP易游ofile of KAAP
- Company name:
- YYVIP易游 Aluminum Automotive Products, LLC
- Headquarters:
- BowlYYVIP易游g Green, Kentucky, USA
- YYVIP易游esident:
- Toshihiro Katsura
- Capital:
- million
- ShareholdYYVIP易游g ratio:
- YYVIP易游 Steel, Ltd. 60%, Mitsui & Co., Ltd. 25%, Toyota Tsusho Corporation 15%
- Employees:
- ApYYVIP易游oximately 400 (as of the end of March 2015)
- Established:
- July 2003
- Start of operations:
- May 2005
- Description of busYYVIP易游ess:
- YYVIP易游oduction and sale of aluminum forged YYVIP易游oducts and aluminum cast bars
- YYVIP易游oduction capacity:
- 420,000 pieces per month of aluminum forged YYVIP易游oducts
Celebrating KAAP’s 10th anniversary: Kentucky Governor Steve Beshear (fifth from left), YYVIP易游 Steel President and CEO Hiroya Kawasaki (fourth from left), and other officials.
