Connect with us

Global Aftermarket

AISIN Group Establishes Aftermarket Company In Panama

Aisin World Corp. of America (AWA) of Northville, Michigan, USA, a consolidated subsidiary of Aisin Seiki Co. Ltd, has entered into a joint venture with Leon Import, S.A. (Leon), an aftermarket import and sales company located in Panama’s Colon Free Trade Zone, to establish Aisin Sales Latin America S.A. (ASLA).

Advertisement
Aisin Sales Latin America S.A. was launched at a ceremony on June 25, 2019, in Panama. Scott Turpin, center, is president of the new company, a joint venture between Aisin World Corp. of America and Leon Import, S.A.

Aisin World Corp. of America (AWA) of Northville, Michigan, USA, a consolidated subsidiary of Aisin Seiki Co. Ltd, has entered into a joint venture with Leon Import, S.A. (Leon), an aftermarket import and sales company located in Panama’s Colon Free Trade Zone, to establish Aisin Sales Latin America S.A. (ASLA). The new company was officially established on June 25, 2019, and will serve customers in the Central and South American and Caribbean markets.

Advertisement

In August 2018, Aisin Group launched its Aftermarket Virtual Company to expand its business. By 2022, the group plans to double its aftermarket sales of 80 Billion JPY (approximately $742 million US) in fiscal year 2018. The company says it will grow sales by expanding and strengthening its global aftermarket structure. ASLA is part of that plan and follows a capital and business connection agreement in Thailand in March 2019, and establishment of an aftermarket sales company in Shanghai in April 2019.

AWA and Leon will consolidate their sales activities in the new company to build an effective framework to provide products and service to existing customers and plan to expand the business in new markets. In addition, as a result of its location near the Central, South American and Caribbean markets, the new company plans to fulfill local product needs through timely collaboration between AWA and the aftermarket division of Aisin Seiki. ASLA will launch a new distribution center and several “Aisin Shops” in countries where additional opportunities exist, as a means to shorten the delivery lead time and to improve service.

Advertisement

ASLA will be led by Scott Turpin, who is also president and CEO of AWA. Turpin said the joint venture between Aisin and Leon has been in the planning stages since August 2018, shortly after the AISIN Group Aftermarket VC was created.

“AWA has more than 25 years of experience with Javier Chiang and Leon Import, S.A., which is one of our original Latin American customers,” said Turpin. “Having a warehouse in Panama allows us to serve customers much faster than shipping from California and will also allow us to expand our customer base. AWA and Leon Import are proven, strategic partners, and we look forward to continued growth and success together.”

Advertisement

Turpin added that ASLA is the latest addition in the company’s growing aftermarket strategy in the Americas. Last November, AWA opened a new 54,000-square-foot aftermarket warehouse facility near Nashville, Tennessee, which provides service to Midwest and East Coast customers, previously managed from AWA’s warehouse in Los Angeles, California.

Advertisement

POPULAR POSTS

Sponsored Content

Warn Your Customers About Water Pump Failure During the Summer

Connect
aftermarketNews