Toyota Boshoku, Autoneum, and Nihon Tokushu Toryo Agree to Establish Joint Venture

05-Oct-2017 Intellasia | BusinessWire | 12:00 PM Print This Post

Strengthening the capability to provide customers with more
comfortable automobile interior spaces

KARIYA, Japan–(BUSINESS WIRE)–With an aim to further strengthen the ongoing cooperative relationship
in automobile interior business, Toyota Boshoku Corporation
(TOKYO:3116), Autoneum (CH0127480363) and Nihon Tokushu Toryo Co., Ltd.
(TOKYO:4619) have signed a joint venture agreement to undertake noise
and vibration (NV) evaluation and analysis of automobile interior
systems.


Toyota Boshoku is a leading company that develops and manufactures
complete automobile interior systems, while Autoneum and Nihon Tokushu
Toryo have the world’s highest level of acoustic technologies in the
field of soundproof automotive components. In 2012, the three parties
agreed to establish a cooperative relationship in automobile interior
business. Since then, the parties have deepened business collaboration
to address various challenges by leveraging their specific expertise.

The parties have agreed to establish a joint venture in the beginning of
2018 in order to further deepen their ongoing cooperative business
relationship. Using the buildings and equipment of Toyota Boshoku’s
Oguchi Plant, the new company will be engaged in NV evaluation and
analysis of automobile interior and exterior systems for Toyota Motor
Corporation and other automotive related companies, along with advanced
development of the systems. The new company will merge the parties’ high
level of technological development capabilities so that it will be
entrusted with NV evaluation and analysis based on manufacturers’ trust.

As an organization that continually proposes and provides superior
automobile interior systems to our customers throughout the world,
Toyota Boshoku will make every effort to provide our customers with
excellent interior spaces under the concept of “QUALITY OF TIME AND
SPACE” in all aspects of human mobility. In particular, we will
strengthen our automobile interior system development capability by
strengthening the technical cooperative relationship between the three
parties in NV evaluation and analysis.

Overview of new company

1.   Company name   ATN Auto Acoustics Inc.
2. Location Aichi-prefecture, Japan (Toyota Boshoku’s Oguchi plant)
3. Establishment In the beginning of 2018
4. Capital 100million JPY
5. Investment ratio Toyota Boshoku 49%, Nihon Tokushu Toryo 26%, Autoneum 25%
6. Executives Toyota Boshoku 2, Nihon Tokushu Toryo 1, Autoneum 1
7. Employees Start with about 10 members, and strengthen according to business
scale
8. Content of business NV evaluation and analysis of automobile interior and exterior
systems, along with advanced development of the systems.
 

About Toyota Boshoku group
Toyota
Boshoku group
, one of the world’s premier interior system suppliers
and filter manufacturers, develops and produces interior components,
filtration and powertrain components at over 100 sites in 27 countries
around the world. During the fiscal period ending in March 2017, Toyota
Boshoku had consolidated net sales of 1,358 billion yen (approx. $12
billion) and operating income of 72 billion yen (approx. $640 million).

Contacts

TOYOTA BOSHOKU CORPORATION
Mariko Suzuki, +81-566-26-0301
External
Affairs & Public Relations div.
mariko.suzuki@toyota-boshoku.com

 


Category: BusinessWire, PRAsia

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