ASIMCO Technologies

About ASIMCO Technologies

ASIMCO Technologies, founded in 1994 by Jack Perkowski, stands as a significant independent automotive components manufacturer with its origins in Beijing, China. Perkowski, a Harvard Business School alumnus with a background on Wall Street, identified the latent potential within China's automotive industry after an extensive investigation of the Asian market. He established the company with a model focused on integrating Western capital, technology, and management practices with existing Chinese manufacturing capabilities. The initial years presented considerable challenges, but the company established a firm footing in the late 1990s and early 2000s. A major milestone in its corporate history includes Bain Capital becoming the controlling shareholder in July 2010. In 2016, ASIMCO Group was merged into Zhengzhou Coal Mining Machinery Group Co., Ltd.

The company's core business revolves around the manufacturing and supply of a diverse array of automotive components. Its operations are segmented into three primary markets: commercial vehicles, passenger cars, and new energy vehicles (NEV). ASIMCO serves major engine makers and vehicle original equipment manufacturers (OEMs), primarily in China, but has a substantial and growing international presence with over 15% of its sales directed to the United States, Europe, and Japan. The business generates revenue through the sale of its extensive product portfolio. This portfolio includes crucial components such as fuel injection systems, powertrains, and chassis components. The company specializes in products like NVH (Noise, Vibration, and Harshness) control components, rubber seals, piston rings, camshafts, engine cylinder blocks and heads, and powdered metal parts. Additionally, they produce electrical starters and generators, including stop-start systems designed for improved fuel efficiency in passenger cars.

ASIMCO is strategically expanding its focus toward the new energy vehicle sector, investing in the research and development of parts and systems for electric and intelligent vehicles. New product lines include electronic controlled air suspension systems and battery cooling plates. The company operates 13 manufacturing facilities and five independent R&D centers, underscoring its commitment to product development. This infrastructure supports its global expansion, with branches in America, Europe, and Japan providing technical support, sales, and logistics services to an international clientele.