Joint venture of remanufacturing automotive air-conditioning compressors starts operations
2002-03-18
ACTIS Manufacturing, Ltd. LLC (ACTIS), a remanufacturer of automotive air-conditioning compressors established as a joint venture in North America by Toyota Industries Corporation, DENSO Corporation, and Toyota Tsusho Corporation, will start operations at their Grapevine, Texas plant on March 18, 2002.
ACTIS was established in July, 2001 as a joint venture by the three companies named above. The company was created to reinforce competitiveness in the North American aftermarket, where demand for remanufactured compressors is growing in the context of the social need to respond to environmental issues by seeking effective utilization of automotive part resources.
ACTIS COMPANY PROFILE
1.Company name: ACTIS Manufacturing, Ltd. LLC
2.Date of establishment: July, 2001
3.Location: 4051 Freeport Parkway, Suite 400 Grapevine, Texas 76051
4.Capital: US$2 million
5.Shareholders: Toyota Industries North America, Inc. 60%, DENSO International America, Inc. 20%, Toyota Tsusho America, Inc. 20%
6.President: Yukio Ando(from Toyota Tsusho)
7.Product line: Aftermarket remanufactured compressors
8.Production scale: About 30,000 units per year (2002)
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