Akebono Brake to Establish New Casting Foundry
<http://www.japancorp.net/?page_num=1> JapanCorp: Akebono Brake to Establish New Casting Foundry Tokyo, Japan, Dec. 05, 2006 - (JCN Newswire) - Akebono Brake Industry Co., Ltd. announced it will establish a new casting foundry in Tatebayashi City, Gunma Prefecture, to partially insource material procurement. The new casting foundry will be constructed to ensure a stable material supply, lower costs and enhance Akebono's disc brake manufacturing technical know-how. The decision results from an internal project launched to meet greater demand from auto manufacturers due to increased production. Utilizing the site of the former Akebono Brake Tatebayashi Manufacturing Co., Ltd., the new casting foundry will be designed to be a clean and comfortable place to work that is environmentally friendly. A total investment of approximately 5.0 billion yen is planned over a three year period from fiscal 2007 to fiscal 2009. Operations are expected to start with approximately 40 employees in April 2008, and by September 2009 this number will be increased to approximately 90 to achieve a production capacity of 2,200 tons per month, thereby meeting 50% of demand for Akebono's operations in Japan. Cast iron is an essential material for disc brakes. Processed cast iron forms major components (caliper bodies and support brackets) for disc brakes. Support brackets, which are difficult to procure, will be produced initially. The Akebono Group is working to achieve a global market share of 30% for friction material OEM disc brake pads, as stated in its mid-term management plan "Global 30". Akebono's decision to establish a new casting foundry to insource material was made with a view to assist the achievement of Global 30 and subsequent targets. About Akebono Brake Industry Co., Ltd. Akebono Brake Industry, Co., Ltd. , established in 1929, is a world leader in advanced brake and friction material development and production. Akebono's portfolio includes brake products for automobiles, motorbikes, rolling stock, and industrial machinery, and sensor products for automobiles. The Akebono Group operates R&D centers in Japan, the United States and France, and has wholly owned or affiliated manufacturing facilities in Japan, the United States, France, China and Indonesia. Akebono recorded net sales of 142.3 billion yen in the fiscal year ended March 31, 2006, and employs over 6,000 people worldwide on a consolidated basis. For more information, please visit www.akebono-brake.co.jp For further information, please visit the Akebono Brake Industry Co., Ltd. home page at: www.akebono-brake.co.jp <http://www.akebono-brake.co.jp> Contact Akebono Brake Industry Co., Ltd. Corporate Communications Office Matthew Nicholson Tel: +81-3-3668-5183 Fax: +81-3-5695-7391 _____ Dec. 05, 2006, 15:43 (JST) Source: Akebono Brake Industry Co., Ltd. Akebono Brake Industry Co., Ltd. (U.S.: AKBIF) www.akebono-brake.co.jp <http://www.akebono-brake.co.jp> From the Japan Corporate News Network View <http://www.japancorp.net/company_show.asp?compid=61> Akebono Brake Industry Co., Ltd. 's Company Profile On JCN Network www.japancorp.net <http://www.japancorp.net> Topic: Press release summary Sectors: Auto Parts & Equipment Copyright © 2006 JCN Network <http://www.japancorp.net> . A division of Japan Corporate News Network KK. All rights reserved. If you believe you have received this news in error or would like to be removed from our mailing list please respond here <https://www.japancorp.net/unsubscribe.asp> (https://www.japancorp.net/unsubscribe.asp) and you will be removed from our mailing list. If you have difficulty viewing our News Alerts in HTML format you can change your settings here <https://www.japancorp.net/changeregister.asp> (https://www.japancorp.net/changeregister.asp).