July 10, 2007 -- Aisin Seiki Co., an auto parts maker affiliated with Toyota Motor Corp., will spend around 10 billion yen (US$81 million; €59.5 million) to put in a new engine parts production line at a subsidiary's main plant in southern Japan, Kyodo News reported Tuesday. The increased production capacity from the line in Kumamoto prefecture will go to meet growing demand from automakers in nearby areas of Kyushu Island, Kyodo said.

The new facility, due to begin commercial production in September next year, is expected to generate annual sales of 7.8 billion yen (US$63 million; €46 million) through March 2011, said Aisin Seiki, according to Kyodo. Construction on the line will begin in December.

Source: Associated Press Newswires
Source: Factiva