Aichi Steel Corp. said Friday its wholly owned subsidiary in the United States will begin producing sintered automobile parts in October. The special steel maker is affiliated with Toyota Motor Corp.
Louisville Forge and Gear Works LLC, established in 1997 in Kentucky, will provide Toyota's U.S. plants and other automobile firms in the country with car parts sintered with high precision, Aichi Steel said.
LFG has a production capacity of 170,000 units a month, Aichi Steel said, adding it expects to increase production to full capacity sometime within 2003.
LFG, which has been producing crank shafts for engines as well as hot forging parts, had sales of $53.5 million in fiscal 2001, Aichi Steel said.