Chuo Spring : Business Expansion in Southeast Asia
June 15, 2021 at 03:02 am EDT
Share
June 15,2021
C o m p a n y N a m e:
C h u o S p r i n g C o . , L t d .
Name
of representative:
Satoshi Takae, Representative President
(Ticker symbol:5992;
1st Section of the Tokyo Stock Exchange)
I n
q u i r i e s:
Fumiki Yazawa, Officer
( T e l e p h o n e : + 8 1 - ( 0 ) 5 2 - 6 2 4 - 8 5 5 0 )
Business Expansion in Southeast Asia
Chuo Spring Co., Ltd. (Head Office: Midori-Ku, Nagoya City, President and CEO: Satoshi Takae) announced that we have received new orders for chassis spring products for Daihatsu in Thailand and plan to expand the scale of our business in Southeast Asia. In addition, demand for chassis spring products in Southeast Asia is expected to continue expanding, so we will continue to invest in and promote sales expansion activities.
１．Expansion of the production scale
Expansion of sales
(activities underway)
New orders for chassis springs (for Daihatsu)
New orders for chassis springs (for Toyota Honda)
Cable production
2020
2021
2022
2023
2024
2025
We have already started producing chassis spring products at our local bases in Thailand, CHUHATSU(THAILAND) CO., LTD. (hereinafter "CTC"), and plan to gradually expand the production scale. ( left chart)
２．To improve the supply chain
By installing the pretreatment process for coiled spring materials at CTC's plant and converting them into in-house production, we will reduce material purchasing and processing costs. In the future, we plan to supply materials preprocessed by CTC to other bases in Southeast Asia.
《CTC Plant Layout Expansion Plan》
Late,2023
Mid,2022
Now
Material pretreatment line
Chassis spring production line
800
《 CTC's future
investment》7.4
80
《CTC
Sales Trends》
(million Japanese yen)
6.4
(million Japanese yen)
5.7
600
70
Cable,etc.
chassis
4.0
Chassis spring production
line
60
400
Material pretreatment
line
50
Accumulated investment
200
amount
40
0
Mid,2022
Late,2022
Mid,2023
Late,2023
30
2020
2021
2022
2023
2024
2025
1
2
3
4
Attachments
Original document
Permalink
Disclaimer
Chuo Spring Co. Ltd. published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 07:01:03 UTC.
CHUO SPRING CO.,LTD. is a Japan-based company engaged in the manufacture and sale of auto accessories. The Company operates through four geographic segments. The Japan segment is engaged in the manufacture and sale of chassis springs, precision springs and cables, the design and development of automobile parts, design and manufacture of related equipment, processing of construction material equipments, design and development of reels, plating processing business and transportation business. The North American segment and the China segment are engaged in the manufacture and sale of precision springs and cables. The Asia segment is engaged in the development and sale of precision springs and cables, as well as design and development of automotive parts and equipment.
CHUO SPRING CO.,LTD. 
