MHI and Shinwa Industry establish JV for surface treatment and painting of commercial aircraft parts

Shinwa Industry and Mitsubishi Heavy Industries jointly established Matsusaka Aircraft Parts Manufacturing Corporation (Matsusaka APM) in Matsusaka City, Mie Prefecture, to perform surface treatment and painting of commercial aircraft parts. The new entity is to become a member of the Aircraft Parts Manufacturing Cooperative, an industrial cluster based in Matsusaka. Plans call for Matsusaka APM to launch production in the fiscal year ending March 2018, to respond to mass production of the Mitsubishi Regional Jet (MRJ), the next-generation regional jet under development by the MHI Group, and to increased production of commercial aircraft parts for The Boeing Company. 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.