Aisin Seiki Co.
|Type||Public (TYO: 7259)|
|Founded||1949 as Tokai Aircraft Company|
|Headquarters||Kariya, Aichi, Japan|
|Key people||Kiichiro Toyoda: Founder Kanshiro Toyoda: Chairman Fumio Fujimori: President|
|Revenue||US$23.4 Billion 2012|
|Net income||US$789 Million 2012|
Aisin Seiki Co., Ltd. (アイシン精機株式会社 Aishin Seiki Kabushiki Kaisha ), also known as Aisin, is a Japanese corporation which develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 347 on the 2007 rankings.
Aisin Seiki was founded in 1949 and currently supplies engine, drivetrain, body and chassis, aftermarket, and other main automotive parts for various major OEM's. In addition to partaking in the automotive markets, Aisin also offers life & amenity products (e.g. furniture and sewing machines), energy systems, welfare products, and other products/services.
Aisin is 30% owned by the Toyota Group of companies.
There are various 'brands' in the holding, spawned from the companies which received recognition in their area of specialisation:
- Aisin AW (Formerly Aisin-Warner; Joint Venture with BorgWarner terminated in 1987) — automatic transmissions
- Aisin AI — manual transmissions
- Advics, Hosei — brakes
- IMRA — Femtosecond lasers
Other global locations: Headquarters for Europe : AW Europe & AW Technical Center Europe which is located in Braine l'Alleud (Belgium) for Research and Development and in Baudour (Belgium) for the re-manufacturing of automatic transmissions/transaxles and production of electronic products.
Aisin AI is an independent company under Aisin Seiki. It was spun off in July 1991, moving its headquarters to Nishio City. Aisin AI supplied only Toyota through 1996, when DaimlerChrysler and Isuzu began using their products. The company later added Mazda Motor Company, Nissan Motor Co., Ltd., Mitsubishi Motors, General Motors, Daihatsu, Hino Motors, FIAT, Volvo, Jeep, Porsche, and Luxgen.
Aisin constructed a factory in the United States of America in 1986, with production beginning in 1989. This factory, in Seymour, Indiana has since been expanded and supplies components for Honda, General Motors, Mitsubishi Motors, Nissan and Toyota. The company also operates in Marion, Illinois.
On October 5, 2005, Aisin USA opened an 878-acre (3.55 km2) testing facility near Fowlerville, Michigan. Officially named FT Techno of America (FTTA), but known as Aisin’s Fowlerville Proving Ground, the new venture is a member of the Aisin Group, a Tier One worldwide automotive components supplier with global sales of more than $15 billion in 2004. In Michigan, Aisin Group companies employ 554 associates, with annual payroll of $40 million and total investments of $102.7 million. FTTA is Aisin’s fifth group company in Michigan.
The new proving ground, Aisin’s first in North America, and third worldwide, is research and development based supporting test surfaces of various lengths and lane widths used to develop and evaluate a variety of Aisin products and applications, such as transmissions, brakes, drivetrains, and chassis and body systems and components.
Alternative propulsion products
Aisin Seiki Co products includes: