Sep 11, 2015
Two Hitachi Automotive Systems Group Mexico Subsidiaries to be Merged
Tokyo, September 11, 2015 --- Hitachi Automotive Systems, Ltd. and Hitachi Automotive Systems Americas, Inc., the regional headquarters of the Hitachi Automotive Systems Group in the Americas, today announced to merge Hitachi Automotive Systems Queretaro, S.A. de C.V. and Hitachi Automotive Systems Mexico, S.A. de C.V., both Group manufacturing bases, on October 1. The merger is aimed at expanding business scale, as well as optimizing business operations with an eye to strengthening management and governance in the Mexico region.
Against the backdrop of free trade agreements with numerous countries, Mexico is also pushing ahead in the automotive sector to expand car production, as global car makers and others move in with production hubs and export bases that are directed largely toward the United States, its neighbor and easiest export target, but also toward South America, the EU, Japan and other regions. The Hitachi Automotive Systems Group is moving to reap maximum benefits from the expected continuing growth of the Mexican automobile industry by merging the two companies to consolidate business capabilities, etc., and exploit the resulting stronger management efficiency and Mexican business foundation to offer broader and more sophisticated support to car makers which are growing their businesses in Mexico.
The company surviving the merger, Hitachi Automotive Systems Queretaro, will be the regional headquarters for Mexico and use the trade name Hitachi Automotive Systems Mexico.
<Before merger>
| Name | Hitachi Automotive Systems Queretaro, S.A. de C.V. | Hitachi Automotive Systems Mexico, S.A. de C.V. |
|---|---|---|
| Established | July 2012 | March 1979 |
| Location | Queretaro, Queretaro | Lerma, Mexico |
| Representative | Shigetoshi Nashimoto | |
| Shareholders |
|
|
| Main products | Suspensions, brakes etc. | 1st Plant: Pumps, balancers etc. 2nd Plant: Ignition coils etc. 3rd Plant: Pistons, aluminum die castings |
| Employees (as of August 31, 2015) | About 780 | About 1,570 |
<After merger>
| Name | Hitachi Automotive Systems Mexico, S.A. de C.V. |
|---|---|
| Established | October 1, 2015 |
| Location | Queretaro, Queretaro |
| Representative | Shigetoshi Nashimoto |
| Shareholders |
|
| Main products | Queretaro Plant: Suspensions, brakes etc. Lerma 1st Plant: Pumps, balancers etc. Lerma 2nd Plant: Ignition coils etc. Lerma 3rd Plant: Pistons, aluminum die castings |
| Employees (Plan as of October 1, 2015) | About 2,350 |
About Hitachi Automotive Systems Americas, Inc
Hitachi Automotive Systems Americas, Inc., a subsidiary of Hitachi America, Ltd., manufactures, remanufactures and markets a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems for all major automotive original equipment manufacturers and aftermarket customers worldwide, providing leadership within the global operations of Hitachi Automotive Systems, Ltd. as the regional headquarters in the Americas. The company is headquartered in Harrodsburg, KY. For more information, please visit www.hitachi-automotive.us.
About Hitachi Automotive Systems, Ltd.
Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems. For more information, please visit the company's website at http://www.hitachi-automotive.co.jp/en/.
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