Ahresty to Raise Offshore Die Casting Sales Rate to 55%

Ahresty plans to raise its die casting sales ratio to offshore market to 55% in fiscal 2014 ending in March 2015 from present 33%. The company considers 35-40 billion yen of investment for next 3 years in order to expand output capacity of existent offshore plants. Ahresty also eyes establishment of new plants in emerging countries where car market is expected to grow up.

Ahresty’s president Arata Takahashi explained the medium term management plan at a press conference in Tokyo on Monday. Ahresty targets 130 billion yen of consolidated net sales with 5% of operating profit rate, 4% of ROA (return on asset) and 8% of ROE (return on equity) in fiscal 2014.

Mr. Takahashi said the company designs out the growth strategy for the next 3-year management term starting in fiscal 2013. Ahresty plans to strengthen overseas productive network while tries to improve productivity and profitability. Mr. Takahashi also showed a strong intention to establish new factories in emerging countries.

Ahresty’s new domestic Tokai plant, which is an integrated site of previous Hamamatsu and Toyohashi plants, is scheduled to start production in March 2013. Tokai plant’s casting capacity will be 3,300 tonnes per month with 6 melting furnaces and 40 die casting machines on 32,515 square meters of floor space.