Joint Venture for Automotive Aluminum Extruded Components in China
First written in FY2020-Q1. 3 of 4 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2022-Q3.
No other company in this theme has enough history to compare yet.
- FY2022-Q3AdvancedAnnual report
「As part of the structural reform of the Company's group, this transfer will make 日鋁全綜（天津）精密鋁業有限公司 a joint venture with the transferee and establish it as a base for supplying extruded materials for automotive parts. This will enable an integrated production structure in China, extending from aluminum extruded materials to automotive parts, and allow further business development in the automotive parts field.」
Regarding the transfer of the equity interest in the Tianjin precision aluminum company decided in the previous quarter, the transfer was completed on 31 December 2021, moving forward with its conversion into a joint venture with the transferee and its establishment as a supply base for extruded materials for automotive parts. - FY2022-Q1AdvancedAnnual report
「The Company decided on 10 May 2021 to transfer 60% of the shares in its consolidated subsidiary 日鋁全綜（天津）精密鋁業有限公司 to 中信渤海アルミ控股有限公司 and 中信ダイカスタル股份有限公司.」
For the China business, the Company decided to transfer 60% of the shares in the Tianjin precision aluminum company to 中信渤海アルミ控股有限公司 and 中信ダイカスタル股份有限公司, moving forward with specific changes to the business structure. - FY2021-Q1AdvancedAnnual report
「戴卡優艾杰渤鋁汽車零部件有限公司 was newly established and has therefore been included in the scope of equity-method accounting from the first quarter of the current fiscal year.」
For the joint venture for automotive aluminum extruded parts in China, a new joint venture was established and added to the scope of equity-method accounting from the first quarter. - FY2020-Q1First statedAnnual report
「Joint venture agreement concerning the manufacture and sale of automotive aluminum extruded components in China」
A joint venture agreement with 中信渤海アルミ控股有限公司 and 中信ダイカスタル股份有限公司 was signed on 15 April 2019. The agreement runs for 50 years from the date of establishment of the joint venture and may be extended by agreement.