This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Acuerdo de colaboración entre Ficosa e Ichikoh a nivel mundial
Agreement of collaboration between Ficosa and Ichikoh worldwide
29/06/2010
June 29, 2010
The multinational systems and components for vehicles ficosa international, S.A. and ichikoh industries, Ltd., one of the major Japanese automotive suppliers, will sign a collaboration agreement in order to address joint operations in the development and production of rear-view mirrors for vehicles at the global level and improve the service to its customersthus responding to the current needs and expectations of automakers around the world. Ficosa – Ichikoh Alliance will become the largest provider of mirrors around the world, with a very significant presence in naphtha (United States, Mexico and Canada), South America, South Africa and especially in Asia, the largest emerging market on a global scale. It is expected that Asia concentrate 50% of world production of cars in 2014.
Ficosa and Ichikoh have created teams of joint work in the commercial area, purchasing, r & d, production engineering and project management in order to maximize its cost structure and its operational efficiency, as well as facilitate the exchange of information between the two. In the framework of this global partnership, one of the first steps will be the acquisition by Ficosa of industrial assets and business of Ichikoh at United States. Ficosa them be integrated into the plants in the region, which will allow to maximize the efficiency of their fixed costs current as well as grow very significantly in Japanese manufacturers operating in the Nafta area.
