ASIMCO Technologies
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ASIMCO Technologies is a large independent automotive components manufacturer headquartered in
Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...
, China. With sales in excess of
US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
500 million, the company is one of the largest producers of automotive components in China, with 10 manufacturing operations, 52 sales offices and roughly 900 service stations across the People's Republic of China. It is the first international components manufacturer based in China, with over 15% of its annual sales made to customers in the United States, Europe and Japan. ASIMCO specializes in the production and development of
fuel injection Fuel injection is the introduction of fuel in an internal combustion engine, most commonly automotive engines, by the means of a fuel injector. This article focuses on fuel injection in reciprocating piston and Wankel rotary engines. All c ...
systems,
powertrain In a motor vehicle, the powertrain comprises the main components that generate engine power, power and deliver that power to the road surface, water, or air. This includes the internal combustion engine, engine, transmission (mechanics), trans ...
s,
chassis A chassis (, ; plural ''chassis'' from French châssis ) is the load-bearing framework of a manufactured object, which structurally supports the object in its construction and function. An example of a chassis is a vehicle frame, the underpart ...
components, rotating electrics and NVH products. In July 2010
Bain Capital Bain Capital, LP is an American Investment company, private investment firm based in Boston, Massachusetts, Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, p ...
became the controlling shareholder in ASIMCO for US$150 million.


Founding

ASIMCO Technologies was founded in 1994 by Jack Perkowski with a
business model A business model describes how a Company, business organization creates, delivers, and captures value creation, value,''Business Model Generation'', Alexander Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self-pub ...
based on accessing and transferring
capital Capital and its variations may refer to: Common uses * Capital city, a municipality of primary status ** Capital region, a metropolitan region containing the capital ** List of national capitals * Capital letter, an upper-case letter Econom ...
,
technology Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...
and managerial techniques from the
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
and
Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
to upgrade existing Chinese manufacturing operations that fall under the ASIMCO umbrella. The company's first ventures into China saw them lose some US$400 million before they managed to establish themselves in the late 1990s/early 2000s.


References

{{Authority control Manufacturing companies based in Beijing Auto parts suppliers of China Manufacturing companies established in 1994 Automotive companies established in 1994 Chinese companies established in 1994 Bain Capital companies