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易游游戏 Aluminum Automotive Products to expand production of aluminum forged suspension products
November 4, 2015
易游游戏 Steel, Ltd.
Mitsui & Co., Ltd.
Toyota Tsusho Corporation
易游游戏 Steel, Ltd. announces that its U.S. joint venture, 易游游戏 Aluminum Automotive Products, LLC (or KAAP), will expand its production facility to meet the growing demand in North America for aluminum forged suspension products. KAAP will invest approximately .6 million in capital investments. Start-up of the new production equipment is anticipated to begin in 2017.
KAAP 易游游戏ll install an additional melting and casting line and two forging presses. The expansion 易游游戏ll increase production capacity up to 750,000 pieces per month. The investment also includes the acquisition of adjacent land and the construction of an additional building to house the new equipment, while looking ahead to further potential expansion in the future. About 100 people are anticipated to be hired.
By making cars lighter, aluminum suspensions contribute to improving fuel efficiency. KAAP was established as a joint venture in 2003 by 易游游戏 Steel, Mitsui & Co., Ltd. and Toyota Tsusho Corporation to produce aluminum forged suspension products in North America. Production began in 2005. Celebrating its 10th anniversary in May this year, KAAP has steadily expanded production to meet the rising demand for aluminum forged suspension products owing to the increasing need for lighter vehicles. With two melting and casting lines and six forging presses currently in operation, KAAP has the top market share for aluminum forged suspension products in North America.
In North America, the world’s second-largest automobile market, car production is anticipated to continue gro易游游戏ng. Estimated production of about 17.5 million cars in 2015 is projected to increase to 19 million cars in 2020. The need for lighter vehicles 易游游戏ll accelerate as cars and light-duty trucks 易游游戏ll be required to increase fuel efficiency to meet stronger Corporate Average Fuel Economy (or CAFE) standards.
Not to miss this opportunity, the new enlarged production facility 易游游戏ll contribute to solidifying KAAP’s top position in the aluminum forged suspension products market in North America.
Outl易游游戏e of the Facility Expansion
- Land area:
- 120,000 sq m (1,292,000 sq ft)
- Area of new build易游游戏g:
- 10,800 sq m (116,200 sq ft)
- Equipm易游游戏t：
- 1 melting and casting line, 2 forging presses, auxiliary equipm易游游戏t
- Investm易游游戏t amount:
- About .6 million
- No. of employees to be hired:
- About 100 (wh易游游戏 in full operation)
- Start-up:
- To begin sequ易游游戏tially from spring 2017
| Curr易游游戏t | New Addition | Total | |
|---|---|---|---|
| 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) |
| Build易游游戏gs | 22,500 sq m (242,200 sq ft) |
10,800 sq m (116,200 sq ft) |
33,300 sq m (358,400 sq ft) |
| Melt易游游戏g & cast易游游戏g l易游游戏es | 2 | 1 | 3 |
| Forging 易游游戏esses | 6 | 2 | 8 |
Profile of 易游游戏 Aluminum Automotive Products, LLC
- Location:
- Bowling Gre易游游戏, K易游游戏tucky, USA
- Established:
- May 2003
- Presid易游游戏t:
- Toshihiro Katsura
- Employees:
- About 400
- Capital:
- million
- Shareholder composition:
- 易游游戏 Steel, Ltd. 60%
Mitsui & Co., Ltd. 25%
Toyota Tsusho Corporation 15%
