Toy­ota brake sup­plier Ad­vics re­ports Ja­pan plant ex­plo­sion

The Pak Banker - - COMPANIES/BOSS -

Ad­vics Co., a sup­plier of brak­ing com­po­nents to Toy­ota Mo­tor Corp., re­ported an ex­plo­sion at one of its fac­to­ries in cen­tral Ja­pan's Aichi pre­fec­ture, a fire de­part­ment of­fi­cial said.

Four peo­ple were sent to the hospi­tal and one per­son was se­ri­ously in­jured, said the of­fi­cial, who asked not be named cit­ing de­part­ment pol­icy. The ex­plo­sion oc­curred at 12:05 p.m. on Mon­day near the paint­ing line for brakes at Ad­vics's Kariya plant and the ex­tent of dam­age is be­ing checked, the com­pany said in a state­ment. Toy­ota has been forced to halt do­mes­tic as­sem­bly plants twice this year. An ex­plo­sion and fire at a fac­tory run by af­fil­i­ate Aichi Steel Corp. dis­rupted en­gine, trans­mis­sion and chas­sis com­po­nent sup­ply in Fe­bru­ary. The au­tomaker has also es­ti­mated los­ing out­put of about 80,000 ve­hi­cles due to the earth­quakes that struck the south­ern is­land of Kyushu in April. The quakes were Ja­pan's worst since March 2011. Ad­vics is ma­jor­ity owned by Toy­ota group sup­plier Aisin Seiki Co. and counts Denso Corp., Su­mit­omo Elec­tric In­dus­tries Ltd. and Toy­ota as mi­nor­ity share­hold­ers. Aisin Seiki fell 0.1 per­cent at the close of Tokyo trad­ing Mon­day, eras­ing an ear­lier gain af­ter re­port of the ex­plo­sion.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.