The KYB Corporation has opened another production work for shock absorbers with an initial capacity of a million pieces per year in Spain, which is known as KYB advanced manufacturing Spain. The manufacturer of shock absorbers with European headquarters in Krefeld, Germany invested over EUR 20 million in the new factory in Los Arcos at Pamplona. 2008 the financial investment of the KAMS agreed project, in August 2009, the first production run could be done already. Just four months later in December 2009, the plant took up its full production and began supplying the OEM customers Audi and PSA group. The KAMS factory was built according to latest technical findings and State of the art requirements, future required production increases can be made quickly without further effort. This renewed investment in our global financial and economic crisis, where currently cost reductions take place, shows that KYB further sustainable expands its position as the world’s largest manufacturer of shock absorbers and also continuously in Europe is expanding”, commented the President of KYB Europe Hajime Sato. Thus, the KYB Corporation has taken its third European shock absorber plant in operation and on an annual production of well over 20 million shock absorber increases the capacity in Europe alone.
The KAMS factory has been created also for the OEM customers BMW newfound to. At the start of the strategic cooperation of KYB with BMW, the shock absorber for the new 5-series from the band run first before other BMW models to follow. This ensures the required additional production capacity for the OEM wholesale BMW. KYB makes $3.8 billion revenue a year, produces about 55 million shock absorber and has a market share of 25% in the original equipment business, as well as by nearly 20 percent in the spare parts business. With 11500 employees KYB is among the world’s leading providers of car chassis technology and supplies automotive customers such as Audi, BMW, Citroen, Ford, Nissan, Mazda, Peugeot, Renault.