ASIMCO Shuanghuan based in Chaoyang District, Beijing, China, and Nippon Piston Ring of Japan have announced the establishment of a new company, NPR ASIMCO Powder Metallurgical Manufacturing Co., Ltd, to be based in Yizheng, China.
The joint venture will produce a range of sintered automotive valve seats and other automotive Powder Metallurgy parts.
Earlier this year ASIMCO Shuanghuan announced a joint venture with ASM Alloy Materials (Yizheng) Co., Ltd. (ASIMCO ASM), located in Yizheng Auto Industrial Park, Jiangsu Province, China. ASM has advanced Powder Metallurgy capability primarily focused on demanding automotive component applications.
It was stated that the joint venture with ASM Alloy would help ASIMCO Shuanghuan expand its range of capabilities in the automotive valve train arena beyond that of piston rings and camshafts, allowing the ASIMCO Group to penetrate both the Chinese and global Powder Metallurgy markets.
ASIMCO Technologies Ltd was founded in 1994 and has current annual sales of over US$500 million, making it one of the largest independent components manufacturers in China.