Hubei News, May 30 (Zhang Min) On the 30th, Yachiyo Industrial (Wuhan) Co., Ltd. officially put into production, marking the rapid development of the Japanese-funded automobile industry cluster in the Wuhan Development Zone.
Yachiyo Industrial (Wuhan) Co., Ltd. is a wholly-owned company established by Japan Yachiyo Industry Co., Ltd. on July 29, 2005. The registered capital of the company is 8 million US dollars and the total investment is 20 million US dollars. It mainly produces high-performance composite materials and their products (automobile resin fuel tanks). The company started construction on March 3 last year and began trial production in March this year for Dongfeng Honda Automobile Co., Ltd. After the company is put into production, the production capacity will reach 200,000 units and the output value will reach 30 million yuan.
Japan Yachiyo Industry Co., Ltd. was established in August 1953 and headquartered in Saitama, Japan. Its business scope includes automotive assembly, development and manufacture of auto parts, and manufacture of auto parts. The main products include light vehicles and auto fuel tanks (including Resin and steel), skylights and other auto parts. Yachiyo Industry Co., Ltd. has 11 subsidiaries in Japan, 10 factories worldwide, and 4 technical assistance centers. In April 2002, the company invested in the establishment of Yachiyo Industrial (Zhongshan) Co., Ltd. in Guangdong Province, China, which mainly produces automotive resin fuel tanks and sunroofs. Yachiyo Industrial (Wuhan) Co., Ltd. is the second company the company has invested and established in China.
With Dongfeng Motor Co., Ltd. headquarters and commercial vehicle R&D center settled in Wuhan Development Zone, and Dongfeng Honda's production capacity is continuously improving, a number of well-known Japanese auto parts companies such as Riken and Showa are accelerating their entry into the Wuhan Development Zone. The Japanese auto industry cluster led by Dongfeng Honda Automobile Co., Ltd. has become another automotive industry cluster in the Wuhan Development Zone following the "Dragon Dragon Cluster." At present, there are 33 Japanese-funded enterprises in the development zone. The total amount of direct investment by Japanese-funded enterprises in the development zone has reached nearly 1 billion U.S. dollars, making it the second largest foreign investment in the zone after legal investment.
It is reported that with the scale of Dongfeng Honda up to 120,000 and its output rising, in order to further reduce the supporting costs, there will be more Honda parts and components companies supporting Wuhan, and the Japanese-owned automobile industry cluster in Wuhan will be speeding up.
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