Achilles to End China Vehicle-Materials Production After Three Loss-Making Years
Achilles Corporation's board has resolved to end production at its wholly owned vehicle-materials plant in Foshan, China, by the end of September, after three years of losses that included a ¥3.26bn impairment, citing the retreat of Japanese automakers from China among its reasons, though it expects only a minor effect on its earnings outlook for the year to March 2027.