2004 The former Hitachi Cable News Release
Information (including product prices, product specifications, details of services, launch dates, inquiry information, and URLs) contained in this news release is current as of the date of the press release but is subject to change without notice. Please note that details may differ from those effective on the search date.
Establishment of Automobile Component Manufacturer in Thailand
Hitachi Cable has established a new company in Thailand for automobile hose assembly. Political and economic conditions in Thailand have stabilized in recent years, resulting in the growing presence of Japanese automobile manufacturers and expanded production, even relative to remarkable growth among other ASEAN (Association of Southeast Asian Nations). We hope to respond to lively demand by establishing a production base closer to the customers.
| 1. Company Name: | Ayutthaya HCL Co., Ltd. |
|---|---|
| 2. Location: | Hi-Tech Industrial Estate, 135 Moo 1, Tambol Banlane Amphur Bangpa-In, Pranokasriayutthaya, Thailand |
| 3. Capital: | 35.7 million baht (approx. 100 million yen) |
| 4. Investment Ratio: | Hitachi Cable : 100% |
| 5. President: | Shojiro Yamazaki (dispatched from Hitachi Cable) |
| 6. Date Founded: | December 2003 |
| 7. Start of Operations: | October 2004 |
| 8. Operations: | Assembly and sales of automobile hoses |
| 9. Sales: | 350 million baht (approx. 1 billion yen, fiscal 2005 target) |
| 10. Employees: | Approx. 60 (forecast by December 2005) |