MHI and Shinwa Industry Establish Joint Venture in Matsusaka City to Perform Surface Treatment and Painting of Commercial Aircraft Parts

Shinwa Industry, which is headquartered in Toyota City, Aichi Prefecture, is a group company of Kojima Industries Corporation, a business partner of Toyota Motor Corporation that produces interior and exterior automotive parts. Shinwa Industry handles the development, design, manufacture and logistics management of metallic and resin auto parts.

Matsusaka APM has been capitalized in the amount of 100 million yen, with Shinwa Industry and MHI holding equity stakes of 51% and 49%, respectively. The company's head office and factory are located within the premises of the Matsusaka cluster. Takashi Kojima of Shinwa Industries has been selected to serve as inaugural president.

Plans call for the Matsusaka cluster to become Japan's first base dedicated to the production of small and medium-size aircraft parts. The cluster is to encompass a collection of manufacturers capable of fully integrated production from machining through surface treatment. Matsusaka APM will cooperate with the other cluster members to create a parts production system offering unprecedented efficiency and short flow time.

With establishment of their new joint venture, Shinwa Industry and MHI will devote their full and collective energies toward the success of the MRJ project and the development of a home aircraft industry capable of capturing a winning position in the global market.