China to further expand its scale of joint ventures in Japan – bus truck wash systems
International automotive supplier Continental AG has reached an agreement, through its joint venture in Japan and Continental Automotive Corporation airbags integrated control unit and sensors additional security products to expand its market influence and the family. Ability to promote the development of local expertise in Asia is the continent chassis and Security Systems Group, an important strategic objective.
December 17, 2009 Yokohama, Japan, News international auto parts supplier Continental AG has reached an agreement with its Japanese Nisshin Spinning Co., Ltd. (Nisshinbo Holdings Inc.) Joint venture Continental Automotive Corporation (CAC) of holdings shares from 51% to 60% in 2010. Continental Chassis & Safety Division It can integrate their air bag systems and sensors business, in order to consolidate its presence in Asia, especially Japan's chassis and safety systems supplier's strategic position. "By this step, Continental significantly strengthened co-operation with Nisshinbo," Continental Executive Board member and president of the chassis and safety systems, said Dr. RalfCramer. "Chassis and Safety Systems goal is to make a full range of products, including hydraulic and electronic braking systems, passive safety and driver assistance systems and chassis components in the field of sensors and to the economy from high-end solutions sales in Asia 25%. The joint venture aims to provide our customers in Japan and Asia, from individual components to fully integrated system solutions ContiGuard? extensive passive and active safety products. "
Continental Automotive Corporation (CAC) is a group from the mainland and Nisshin Spinning Co., Ltd. (Nisshinbo Industries, Inc.) Joint venture established in 2002 and headquartered in Yokohama, Japan, and currently has about 1,700 employees in Japan, Korea and China, there 9 manufacturing plants, R & D center, test track and offices. The company's customers in Japan and Asia from the hydraulic brake system with electronic sensor in the end plate and around the many safety and chassis components and systems. Based on the success of the existing organization, the expanded joint venture will have a wider scope of business, including Changchun, China, and Han Guoqing from the original county of products and systems.
"Continental is convinced that our success and sustainable growth in Asia need to strengthen our research and development in Asian countries, sales and production capacity could be attained," Continental Automotive Corporation (CAC) President and CEO Dietmar Siemssen said. "At this point, we improve the products and the basic ability to Continental's decision underscores our commitment to customer made the strategic importance, that is, through a comprehensive security products and development capabilities in support of their plans in Asia and the world. In this regard, our joint venture Nisshinbo plays a very important role. To this end, Continental plans to this Agreement, its shares rose 60% in 2010. "
Nisshinbo holding company under which there are six companies, including Nissin Textile Machinery and Power Company (Nisshinbo Mechatronics Inc.) Dedicated to developing, manufacturing, processing, marketing, import and export special industrial machinery and other machinery and parts. Nissin Textile Machinery and Power Company from the 80s of last century became the group's partners in Japan, and the success of the latter to benefit from greatly.
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