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 that develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 329 on the 2018[update] rankings. Aisin is 30% owned by the Toyota Group of companies.
|Public (TYO: 7259)|
|Founded||1949(as Tokai Aircraft Company)|
|Headquarters||Kariya, Aichi, Japan|
|Kiichiro Toyoda: Founder Kanshiro Toyoda: Chairman Fumio Fujimori: President|
|Revenue||¥3,243.178 billion (2016)|
|¥176.435 billion (2016)|
|¥96.974 billion (2016)|
|Total assets||¥2,864.816 billion (2016)|
|Total equity||¥1,477.990 billion (2016)|
Number of employees
Aisin Seiki was founded in 1949 and supplies engine, drivetrain, body and chassis, aftermarket, and other main automotive parts for various major OEMs. In addition to partaking in the automotive markets, Aisin also offers life and amenity products (e.g. furniture and sewing machines), energy systems, welfare products, and other products/services.
There are various 'brands' in the holding, spawned from the companies that 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 America — Femtosecond lasers; battery research and application
Additionally, the two-axis Aisin AW hybrid design has been adapted to the 2016– Prius (excepting the Prius c), and has also been employed on "Gen 1" (2005-2007) and "Gen 2" (2008-2012) Ford Escape Hybrids (Aisin T-030 and T-031 eCVTs, respectively), both FWD and AWD models, with Ford providing the Atkinson Cycle engine, hybrid battery, and all software control systems, and with Ford developing the AWD functionality; and on 2017– Chrysler Pacifica Hybrid minivans (Aisin T-032 eCVT). The two-axis design eliminates the second planetary gearset ("motor speed reduction device") found in the 2010–2015 Prius and the Prius c, and which reduces the width and weight of the eCVT and improves its overall efficiency.
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 began supplying products to other companies worldwide.
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 US$15 billion in 2004. In Michigan, Aisin Group companies employ 554 associates, with annual payroll of US$40 million and total investments of US$102.7 million. FTTA is Aisin's fifth group company in Michigan. In 2009, the North American based division and companies were all placed under a newly created entity named Aisin World Corp. of America. Aisin World Corp. of America was structured so that Toyota Motors Corporation, Mitsui, and Hino Motors USA have majority ownership of the Aisin entities in North America. Aisin Automotive Castings, LLC. and other North American based Aisin companies operate as subsidiaries to Aisin World Corp. of America.
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 productsEdit
Aisin Seiki Co products includes:
The company sponsors the Aisin SeaHorses Mikawa, 5-time champion of Japan's top professional basketball league.
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