Toyota Boshoku, Autoneum, and Nihon Tokushu Toryo Agree to Establish Joint Venture
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.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171004005065/en/
From the left: Toyota Boshoku President Ishii, Autoneum CEO Hirzel, Nihon Tokushu Toryo President Sakai (Photo: Business Wire)
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|
|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).
TOYOTA BOSHOKU CORPORATION
Mariko Suzuki, +81-566-26-0301
External Affairs & Public Relations div.
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Rockwell Automation Opens Registration for 2018 Automation Fair18.9.2018 14:54 | Pressemelding
Registration is now open for the 2018 Automation Fair, hosted by Rockwell Automation and members of its global PartnerNetwork program. The 27th annual Automation Fair will be held Nov. 12-15 at the Pennsylvania Convention Center. The event brings together approximately 10,000 manufacturers and producers from across the globe to learn about the newest innovations in automation and take part in training, industry forums and networking events. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180918005725/en/ Automation Fair will feature more than 150 exhibits showcasing the latest product innovations for industrial manufacturing and production. Hosted by Rockwell Automation and members of its PartnerNetwork, the event offers more than 400 hours of educational opportunities through forums, hands-on labs and technical sessions. (Photo: Business Wire) “The next industrial transformation is here – and meeting its demands requires a m
Seoul Semiconductor Supplies Optimal LEDs ‘SunLike’ to Large Scale Applications of Lumitronix in Germany18.9.2018 13:33 | Pressemelding
Seoul Semiconductor Co., Ltd. (KOSDAQ 046890), a market leader in LED (light emitting diode) design and manufacturing, supplied the innovative LEDs “SunLike” to Lumitronix, the LED specialist located in Baden-Württemberg, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180918005626/en/ The Modules with SunLike LEDs. (Photo: Business Wire) In cooperation with Seoul Semiconductor, Lumitronix has also developed three optimal SunLike modules to provide customers with a standardized solution and expand its adoption in the lighting market. Two of the LED modules comply with the standard of Zhaga, a global association of lighting companies, for Book 7 L56W2 and Book 7 L28W2 and enable easy replacement in various industrial applications. The modules named LinearZ are available in one feet and two feet length. The model LinearZ 280-26 measures 280 mm and is equipped with 26 SunLike LEDs and has a light output of up to 700 lm.
Andersen Global Continues South American Expansion With BKM Berkemeyer18.9.2018 13:30 | Pressemelding
Andersen Global announces further growth in South America with the signing of a Collaboration Agreement with BKM Berkemeyer, one of the oldest and largest law firms in Paraguay. With two locations in the capital city of Asunción, the firm has a headcount of nearly 150 professionals, including ten Partners and over 60 lawyers. Established in 1951, BKM Berkemeyer is led by Managing Partner Hugo Berkemeyer and provides legal solutions to both domestic and international clients. The firm delivers advice in all areas of law, including business and corporate, taxation, litigation, environment, employment and intellectual property, with a notable expertise in international transactions and business matters. BKM Berkemeyer also specializes in M&A’s, joint ventures, foreign investment, infrastructure, project finance and financial transactions, advising also on issues regarding telecommunications, water and energy projects. Hugo commented, “Our focus at BKM Berkemeyer has been to provide flexib
175 Million Europeans Have Sleep Apnoea, Highlighting Scale of Global Health Crisis18.9.2018 13:05 | Pressemelding
Roughly 175 million Europeans have obstructive sleep apnoea, according to a late-breaking abstract presented by ResMed today at the European Respiratory Society’s annual ERS Congress in Paris. Leading researchers estimate 90 million Europeans have moderate to severe sleep apnoea, meaning they experience at least 15 breathing events an hour during sleep. These statistics are based on the latest scoring rules for determining one’s apnoea–hypopnoea index (AASM 2012) and are connected with a 16-country study announced in May 2018 that revealed an estimated 936 million people worldwide have sleep apnoea, a chronic sleep-disordered breathing condition associated with increased risk of mortality and reduced quality of life. The new global prevalence is nearly tenfold higher than the previous one – 100 million – estimated by the World Health Organization in 2007. European countries with the highest prevalence are: Russia, 40 million Germany, 26 million France, 24 million Ukraine, 13 million Sp
Loomis Sayles Announces Senior Loan Portfolio Manager Retirement18.9.2018 13:00 | Pressemelding
Loomis, Sayles & Company, an affiliate of Natixis Investment Managers, announced today that Kevin Perry, portfolio manager on the senior loan team, will retire in March 2019 after 17 years with the company and 37 years in the industry. All senior loan portfolios will continue to be co-managed by portfolio managers John Bell and Michael Klawitter, who have been members of the team for 17 and 16 years, respectively. The team oversees approximately $10.7 billion1 in institutional and retail assets for global clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180918005187/en/ “Kevin has embodied Loomis Sayles’ values of collaboration, humility and prudent risk-taking every day since he and John joined us in 2001,” said Kevin Charleston, chief executive officer. “Kevin and John are considered pioneers in the bank loan market and their efforts have led to clients entrusting us with the management of more than $10 billion in b
SIA Has Provided the New Real-Time Gross Settlement System in Denmark18.9.2018 13:00 | Pressemelding
SIA, European hi-tech company, leader in payment infrastructures and services, has further strengthened its positioning in the Nordic countries, by providing Danmarks Nationalbank with the new real-time gross settlement system (RTGS) that connects banks, mortgage banks and settlement systems. This RTGS platform is already in operation by the central banks of Norway and Sweden and it will soon go live in Iceland too. The up-to-date technology infrastructure developed by SIA has replaced the previous in-house system that has been in use by the Central Bank of Denmark since 2001. The new RTGS system, that secures safe and real-time transfer of Danish kroner, ensures continued efficiency, operational reliability, functional sophistication and simpler maintenance of the system. In this initiative, SIA has used its wholly-owned subsidiary Perago, based in Pretoria (South Africa) and specialized in central bank solutions. Later this year, Denmark will be the first non-euro country to particip