Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Auto parts supplier Aisin Advics reports explosion at Japan plant

Published 05/30/2016, 05:29 AM
Updated 05/30/2016, 05:40 AM
Auto parts supplier Aisin Advics reports explosion at Japan plant

TOKYO (Reuters) - Japanese auto parts supplier Aisin Advics Co said on Monday there had been an explosion at one of its plants in central Japan, and that it was establishing the extent of damage which may impact the supply chains of its customers.

The company specializes in braking systems and is a major supplier to Toyota Motor Corp.

It said that the gas explosion at its plant in Kariya, Aichi Prefecture, the nation's automaking heartland, occurred near one of its paint lines, injuring four people.

Aisin Advics is majority owned by Aisin Seiki Co, a Toyota group supplier, and operates two production plants in central Japan, and manufactures globally.

Toyota has suffered production delays this year due to supply chain disruptions caused by damage to a plant operated by an Aisin Seiki subsidiary following earthquakes in southern Japan, and a fire at a steel plant owned by Aichi Steel Corp, another major supplier.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.