Centralized production through the consolidation of Chinese frame-parts companies
First written in FY2020. 1 of 2 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q2.
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- FY2023-Q2AdvancedAnnual report
「This merger is intended to integrate the Group's production of frame components for automotive seats, enhance competitiveness through synergies, strengthen production capacity through a centralized production system, win new orders, and produce next-generation automotive seat components.」
A specific organizational restructuring progressed through the absorption merger of 3 Chinese companies, aimed at integrating production of automotive seat frame components and establishing a centralized production system. The merger date was 11 October 2022. - FY2020First statedAnnual report
「In China, we established a new company by combining Zhejiang Taijiais Automobile Parts Co., Ltd. and Zhejiang Fuchangtai Automotive Parts Co., Ltd. Going forward, we aim to further strengthen production capacity through a centralized production system, win new orders, and produce next-generation automotive seat components.」
The disclosure identifies the centralized production of Chinese frame components by a new company formed by combining 2 companies, strengthened production capacity, the acquisition of new orders, and the production of next-generation automotive seat components as new activities.