Anvis strengthens its competitive position in the American market
Anvis strengthens competitive position in the Americas / Joint Venture with strong strategic partner / Milestone in the global footprint strategy
Steinau, November 13th, 2012. Anvis Group has agreed with Tokai Rubber Industries of Japan to form two joint ventures at its site in Queretaro, Mexico. The two joint ventures will bolster the firm’s competitive position in the Americas. Under the new structure, Anvis’ existing Mexican plant becomes a joint venture with Anvis holding a 51% stake. At the same time, a new production plant will be established as part of a second joint venture, where Tokai will hold a 51% stake. Production at the new plant will start in fall 2013. Both companies committed to invest several million Euros into the further development of the site, where more than 200 new jobs will be created.
A further step to strengthen the global footprint
In light of the continuing growth of the American automobile market, European, Japanese and American OEMs continue to expand their production capacities in North and South America. This development entails new opportunities for the automotive supplier industry. In line with the company’s medium term strategy of fostering its position in growing markets, the formation of these joint ventures marks a significant milestone.
Conditions for continued profitable growth
Anvis Mexico was founded in 1993. In 2011, the site generated sales of €21 million with its two key customers VW and Nissan. The joint venture structure ensures profitable revenue growth for both Anvis and Tokai. Synergies can be realized through the common utilization of the regional supplier structure and economies of scale resulting from the more efficient usage of resources at the site.
Anvis is a globally active automotive supplier of innovative solutions for driving dynamics, comfort and road safety. The Group offers a broad product range, including chassis components, aggregate storage, exhaust system hangers as well as decoupling elements and mass dampers. Furthermore, Anvis generates approximately 10% of its turnover with industrial customers. Anvis has 13 sites worldwide and has reached sales of about € 300 million. Customers in the automotive segment include leading OEMs such as Volkswagen, BMW, Mercedes, Nissan, Audi, Porsche, MAN and many more. The industrial sector caters to customers in the railway and aerospace industries, as well as to a broad range of companies from other industrial sectors.
ANVIS Group Deutschland
36396 Steinau an der Straße
phone: +49 6663 9128-121
fax: +49 6663 9128-4121