The Japanese Piolax will continue to manufacture ARaymond's automotive parts in its financial year 2020-2021 (ended March). ARaymond, headquartered in France, is looking to have its Brazil plant manufacture Piolax's parts and supply them to Japanese automakers. They intend to utilize their bases to increase productivity and production efficiency. They expect this synergy to bring JPY 2 billion in revenues and their future target is a revenue of JPY 10 billion and JPY 1 billion in operating profit.
ARaymond and Piolax both manufacture industrial fasteners. Their collaboration was intended to mutually manufacture parts for their respective target market. The aforementioned Indonesia plant and Brazil plant is a collaboration on the production aspect. In terms of sales, Piolax has been supplying ARaymond's parts to automakers in Vietnam starting October 2019, which can create millions of Japanese yen in revenue. In the future, Piolax will accelerate collaboration with Russia and France.