Aisin Seiki takes control of Toyota AutoParts Philippines

Aisin Seiki paid PHP1.2 billion (US$23 million) to increase its stake in Toyota AutoParts Philippines from 34% to 61%, renaming it Toyota Aisin Philippines. The plant in Laguna produces manual gearboxes and constant velocity joints.

“Aisin Seiki paid Toyota Motor PHP1.2bn (US$23m) to increase its stake in the joint venture from 34% to 61% and will rename the company Toyota Aisin Philippines.”just-auto.com

• 1 source
• just-auto.comAisin Seiki takes control of Philippine gearbox unit - Just AutoadminJun 6, 2018

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