December 1, 2017
Joint Development of Electric Components with TOYO AUTOMATION CO., LTD. in Taiwan
CKD Corporation (headquartered in Komaki, Aichi and headed by Kazunori Kajimoto, President) entered into an agreement on the joint development of electric components with TOYO AUTOMATION CO., LTD. in Taiwan (headquartered in Tainan City, Taiwan and headed by Mr. Lin Tsung Te, President).
The need for electric components has been exceedingly growing in Taiwan due to the accelerating introduction of plant FA and IoT in a variety of industries, including the automotive industry. We will jointly develop electric components utilizing the strengths of both companies to enhance our product lineup. This will enable us to meet a wider variety of customer needs and expand our business on the global market.
1. Joint Development
CKD and TOYO will work on the joint development of motor-integrated electric actuators. We will quickly develop competitive products by sharing market information independently held by both companies and incorporating the motor control technologies and the core technologies of pneumatic cylinders, at which CKD excels, into the electric components of TOYO. Thanks to such joint development, we will release new products in the spring of 2018.
In addition, we will release new products on a global scale by utilizing the production plants and sales channels of both companies.
2. Overview of Joint Development Partner
Name of company: TOYO AUTOMATION CO., LTD.
Location: No. 50, Yongkehuan Road, Yongkang District, Tainan city, Taiwan
Establishment: December 2008
Business domain: Development, design, manufacture, sale, and servicing of FA drive components, including slide tables used for industrial machines and electric cylinders
Capital:NT$120 million (approximately equivalent to 450 million)
Sales: NT$780 million (approximately equivalent to 290 million) *Result in 2016
Representative: Lin Tsung Te, President
Number of employees: 290
Furthermore, in order to push ahead with the joint development and further reinforce the relationship, we will invest approximately 500 million yen in TOYO and acquire 10% of its shares.