Auto parts maker Aisin Seiki Co. said Monday it is setting up its first South American production base in Brazil.
The new plant will produce door latches, door frames and other auto body parts starting in January, Aisin said. It will be operated by the company’s wholly owned subsidiary Aisin do Brasil Com.E, in Sao Paulo.
Aisin said it will set up the plant because the South American auto market is expected to expand significantly.
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