Grupo/Kasai auto parts jv goes to India and China

Spanish car component maker Grupo Antolin is considering establishing a string of joint venture production operations with Japanese parts supplier Kasai Kogyo. This year, the two firms have already agreed to form a 50:50 business in Chennai, India.

With a capital of EUR10 million, Antolin Kasai-Tek Chennai is forecast to achieve annual sales of EUR9.3 million by 2014. Burgos-based Antolin already operates three plants in India, one of them in Pune, another in Chennai and the third, a joint venture with Krishna Maruti near Delhi. It also runs a design centre in Pune.

Meanwhile, the two companies are discussing forming more partnerships with other manufacturing units turning out plastics parts for leading automotive OEMs in Mexico, Brazil, China and Russia. In Mexico, Kasai Kogyo subsidiary Kasai Mexicana already runs a components plant in Leon. The firms are looking at launching a 50:50 joint business in Leon aimed at supplying parts for Nissan later in 2013. Nissan is set to raise its production capacity in Mexico to 1.3 million units per year - more than it has in Japan - when it brings on stream a new plant in Aguascalientes in the second half of 2013. With investment of between EUR20 million and 30 million, the project under study would see Kasai Mexicana’s existing interior parts plant output boosted by 50%, Japan’s Nikkei business daily reported recently.

Antolin has four existing automotive component plants in Mexico. These include two vehicle door units in Hermosillo and other parts plants in Silao and Saltillo. Other joint ventures being studied are likely to be based on the Spanish group’s existing operations in China, Russia and Brazil. Last year, Antolin launched the first stage of a new interior parts plant in St Petersburg, Russia. In its latest annual report Antolin group referred to the exceptional growth performance of the automotive industry in the BRIC nations (Brazil, Russia, India and China) estimated at 10% against the global figure of 6%.

(IMA)

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