Japan’s UACJ launching auto material sales unit in southern China for eco-car demand
TOKYO, NNA - Japanese aluminum maker UACJ has launched a sales joint venture in southern China with a local partner to supply aluminum foil for use in automotive components to capture demand for electric vehicles and hybrid cars.
Together with Guangdong Hec Technology Holding Co., UACJ established Shaoguan UACJ Dongyangguang Aluminum Sales Corp. with a capital of 3 million yuan ($428,000) in Shaoguan City of Guangdong Province in December 2019, with the Japanese firm holding a 51 percent stake and the Chinese partner the remainder.
The joint venture sells aluminum foils used for electrolytic capacitors for electronic components. It will also offer the foil for lithium-ion batteries for eco-cars to local and Japanese auto parts makers, a spokesman at UACJ told NNA on Tuesday.
In the same city, Ruyuan Dongyangguang UACJ Fine Aluminum Foil Co., UACJ’s manufacturing unit established in 2002, currently produces aluminum foil for electrolytic capacitors. It will start manufacturing the foil for lithium-ion batteries by March, the spokesman added.
The plant has an annual capacity to produce about 10,000 tons of such aluminum foils, according to the spokesman.
The new company also is taking over sales activities at UACJ’s sales unit Shanghai UACJ Dongyangguang Aluminum Sales Corp. for aluminum foil used for electrolytic capacitors.
UACJ expects the transfer of the sales function to the new Shaoguan-based joint venture to cut costs and save time in shipping aluminum foils to Shanghai for sales across the country.
UACJ will consider maintaining or closing the Shanghai sales unit in the future, the spokesman added.