CHANGZHOU, China, Feb. 10, 2011 /PRNewswire-Asia/ -- Japan-based THK recently signed an agreement with Changzhou National Hi-Tech District (CND) to establish an automobile parts manufacturing facility in Changzhou, Jiangsu province. After an investment of US$15 million, the facility will open in February 2012. Company President Akihiro Teramachi said that THK will make the facility one of its major manufacturing bases while developing deeper cooperation with the city.
THK took the lead in developing the linear movement system. The system, an integral component of the mechanical and electrical industries, is widely used in digitally-controlled machine tools, industrial robots, semiconductors and LCD manufacturing equipment. THK has 11 facilities in Japan and 11 in overseas markets, including four in China; its customers include Nissan, Honda, Fuji, Hitachi, GM and Ford. THK's decision to set up a facility in CND will accelerate its development along with Changzhou's automobile parts industry.
CND is building a new energy vehicles-themed industrial park and research and development (R&D) and production base for electric passenger cars, low-speed micro-pure electric vehicles, power battery series and related industrial chains by 2012. Annual production capacity will be 100,000 vehicles and parts.
Changzhou is home to many manufacturers of automobile and motorcycle parts, as well as vehicles, including Magna Powertrain (Changzhou) Co., Ltd., Sino-Japanese Mitsubishi Electric Shihlin Automotive Changzhou Co., Ltd., Sino-American Visteon TYC Auto Lamps Co., Ltd., Denso, Changzhou Dongfeng Automobile Co., Ltd., Kwang Yang Motor, A123 Systems (China) Materials Co., Ltd. and Changzhou Senstar Auto Conditioner Co., Ltd. The city's industry chain, spanning the design and manufacturing of vehicle bodies, development of electronic fuel injection systems and diesel turbochargers to material molding, as well as lithium-ion batteries for electric vehicles and hybrids, lays a solid foundation for the construction of this industrial park for alternative energy vehicles. Changzhou is situated in the center of China's well-developed Yangtze River Delta region.
CND has attracted renowned Japanese enterprises such as Komatsu Ltd., Denso, SUZUKI, Kawasaki, Fujitsu, Bridgestone, Tokyo Rope Mfg. Co., Ltd., Komatsu, OKI, ISEKI, Fuji Heavy Industries Ltd, Fuji Seiki Co., Ltd. and many others to invest in the district.
SOURCE Changzhou National Hi-Tech District