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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
    Denso, Honda, 4 others join forces to establish BlueRebirth Council to accelerate car-to-car recycling
    Denso Corp., Toray Industries Inc., Nomura Research Institute Ltd., Honda Motor Co. Ltd., MATEC Inc. and Rever Corp. joined forces to establish the BlueRebirth Council, an integrated value chain for manufacturing and recycling, focusing on  car-to-car recycling, according to a June 30 news release. The initiative began with automated precision dismantling, a method that efficiently disassembles end-of-life vehicles (ELVs) for material recovery and recycling. The move aligns with the auto...
    Topy Industries FY 2023–24 net profit rises 26% year over year to $31 million
    Topy Industries has reported a 26% year-over-year increase in net profit to ¥4.7 billion (about $31 million) in the financial year ended March 31, 2024, the company said in a press release. Operating profit increased 45.5% year over year to ¥10.4 billion, resulting in an operating profit margin of 3.1%, compared with 2.1% in the previous financial year. Topy Industries recorded strong growth in profit despite net sales declining marginally to ¥334 billion. Net sales in the Automotive and I...
    Topy Industries’ Q1 net profit down 59.2% y/y to USD7 million
    Topy Industries has recorded a 59.2% year-on-year (y/y) decline in net income to JPY762 million (USD7 million) for the first quarter ended 30 June 2019, according to a company press release earlier this month. Net sales for the period increased 7.7% y/y to JPY69.6 billion. The company’s operating income, however, declined 56.1% y/y to JPY1.1 billion. Topy Industries operates its business through segments such as Automotive & Industrial Machinery Components Business (A&IMC), Steel Bu...
    Topy Industries’ FY 2018/19 net profit up 29.3% y/y to USD64.1 million
    Topy Industries has recorded a 29.3% year-on-year (y/y) increase in net income to JPY7.1 billion (USD64.1 million) for the fiscal year ended 31 March 2019, according to a company press release on 10 May. Net sales for the period increased 24.2% y/y to JPY286.2 billion. The company’s operating income, however, declined 6.2% y/y to JPY7.5 billion. Topy Industries operates its business through segments such as Automotive & Industrial Machinery Components Business (A&IMC), Steel Busines...
    Topy Industries’ April-December 2017 net income up 47.1% y/y to USD41.7 million
    Topy Industries has recorded a 47.1% year-on-year (y/y) increase in net income to JPY4.7 billion (USD41.7 million as on 31 December 2017) for the nine months ended 31 December 2017, according to a company press release on 2 February. Net sales for the period increased 12.7% y/y to JPY169.17 billion. The company’s operating income grew 21.3% y/y to JPY6.48 billion. Topy Industries operates its business through segments such as Automotive & Industrial Machinery Components Business (A&...
    Topy Industries to acquire Ring Techs
    Topy Industries has signed a share transfer agreement with Nippon Steel & Sumitomo Metal Corporation (NSSMC) to acquire the latter’s wholly owned subsidiary Ring Techs Co., Ltd., the two companies announced in separate press releases. Subsequent to the transaction, Ring Techs will become a subsidiary of Topy Industries. The acquisition is expected to be completed in February this year. Significance: Topy Industries operates a wide range of businesses, including a wheel and automotive bu...
    Topy Industries’ H1 net income rises twofold y/y to USD24.5 million
    Topy Industries has recorded a more than twofold year-on-year (y/y) increase in net income to JPY2.76 billion (USD24.5 million as on 30 September 2017) for the six months ended 30 September 2017, according to a company press release. Net sales for the period increased 10.3% y/y to JPY107.2 billion. The company’s operating income grew 86.8% y/y to JPY3.6 billion. Topy Industries operates its business through the following segments: Automotive & Industrial Machinery Components Business (A...
    Topy Industries to invest USD36 million in US steel wheel plant
    Topy Industries plans to invest JPY4 billion (USD36 million) in its plant in Kentucky, the United States, according to a company press release last month. The Kentucky plant is operated by Topy’s US subsidiary Topy America, Inc. The investment is aimed at increasing the plant’s capacity by introducing advanced equipment to the assembly lines of rims and paint lines. In 2020, the company plans to increase production at the plant by 40% for a total annual capacity of 620,000 units, reports Jap...
    Topy Industries’ Q1 net income rises more than twofold y/y to USD15.6 million
    Topy Industries has recorded a more than twofold year-on-year (y/y) increase in net income to JPY1.7 billion (USD15.6 million as on 30 June 2017) for the first quarter ended 30 June 2017, according to a company press release. Net sales for the quarter increased 6.5% y/y to JPY52.49 billion. The company’s operating income grew more than fourfold y/y to JPY2 billion. Topy Industries operates its business through the following segments: Automotive & Industrial Machinery Components Business...
    Topy Industries to acquire 26% stake in Wheels India subsidiary
    Under a strategic partnership agreement, Japanese auto parts supplier Topy Industries will acquire a minority stake of 26% in Wheels India Cars Wheels Ltd (WCWL), a wholly owned subsidiary of wheels manufacturer Wheels India, for an undisclosed amount,  Wheels India said in a regulatory filing on 16 June. The deal is subject to regulatory approvals and is expected to close in a few months.   As per the agreement, Wheels India will transfer its entire passenger car steel wheel busine...
    Topy Industries’ net income up more than fourfold y/y to USD64.6 million in FY 2016/17
    Topy Industries has recorded a more than fourfold year-on-year (y/y) increase in net income to JPY7.2 billion (USD64.6 million as on 31 March 2017) for the financial year ended 31 March 2017, according to a company press release. However, net sales for the year were down 3.5% y/y to JPY208.2 billion, also affecting the operating income, which declined 28.2% y/y to JPY7.1 billion. Topy Industries operates its business through the following segments: Automotive & Industrial Machinery Compon...
    Topy Industries considers acquiring Ring Techs
    Topy Industries has started discussions with Nippon Steel & Sumitomo Metal Corporation (NSSMC) to acquire the latter’s subsidiary Ring Techs, according to a company press release yesterday (8 March). Topy Industries is considering making Ring Techs its wholly owned subsidiary. Topy Industries and NSSMC plan to complete the acquisition by October 2017 after receiving approval from the Japanese competition authority. The companies intend to sign a definitive agreement on the deal in Septembe...
    Topy Industries revises full year forecast
    Topy Industries has revised its earnings guidance for the fiscal year ending 31 March 2017, according to a company press release. The company now expects net sales of JPY207 billion, down from previous forecast of JPY215 billion. Operating income is seen at JPY5.7 billion, compared with earlier projection of JPY7.5 billion; and net income is expected to total JPY5.9 billion, up from the previous forecast of JPY4.5 billion. Significance: Operating income is expected to fall short of the previo...
    Topy Industries reports USD27.3 million net income for April-December 2016 period
    Topy Industries has reported a net income of JPY3.2 billion (USD27.3 million as on 31 December 2016) for the nine months ended 31 December 2016, compared with net loss of JPY881 million in the same period a year ago, according to a company press release. Net sales were down 8.2% y/y to JPY150.1 billion, and operating income was down 22.2% y/y to JPY5.3 billion. Topy Industries operates its business through the following segments: Automotive and Industrial Machinery Components (A&IMC), Ste...
    Topy Industries reports H1 net income of USD11.6 million
    Topy Industries has reported a net income of JPY1.2 billion (USD11.6 million as on 30 September 2016) for the first six months ended 30 September 2016, compared with net loss of JPY3.3 billion in the same period a year ago, according to a company press release. Net sales were down 10.4% y/y to JPY97.2 billion, while operating income was down 41% y/y to JPY1.9 billion. Topy Industries operates its business through the following segments: Automotive and Industrial Machinery Components (A&IM...
    Topy Industries’ Q1 net income up 40.2% y/y to USD7.8 million
    Topy Industries has reported a 40.2% year-on-year (y/y) growth in net income to JPY799 million (USD7.8 million as on 30 June 2016) for the first quarter ended 30 June 2016, according to a company press release. Net sales were down 7.6% y/y to JPY49.3 billion (USD480.5 million), while operating income was down 58.8% y/y to JPY510 million (USD4.9 million). Topy Industries operates its business through the following segments: Automotive and Industrial Machinery Components (A&IMC), Steel Busi...
    Topy Industries announces new medium-term management plan
    Topy Industries has announced a medium-term consolidated management plan “Growth & Change 2018” (G&C 2018), covering the period from fiscal year 2016/17 to fiscal year 2018/19, says a company release. Under the plan, the company targets net sales of JPY250 billion in FY 2018/19, up from JPY215.8 billion (USD1.9 billion) in FY 2015/16. Topy Industries expects overseas sales ratio of 31%, operating income of JPY14 billion, up from JPY10 billion (USD88.9 million) in FY 2015/16 and net i...
    Topy Industries’ net income drops 27.9% y/y to USD15 million in FY 2015/16
    Topy Industries has reported a 27.9% year-on-year (y/y) decline in net income to JPY1.7 billion (USD15.1 million, 31 March 2016) for the financial year ended 31 March 2016, according to a company press release. Net sales were down 9.2% y/y to JPY215.8 billion (USD1.9 billion), while operating income was up 55.7% y/y to JPY10 billion (USD88.9 million). Topy Industries operates its business through the following segments: automobile and industrial machinery components (A&IMC), steel, power...
    Stanley Electric, Tokai Rika report y/y decline in net income in nine months of FY 2015/16; Topy Industries marks net loss of USD7.3 million
    Japanese automotive suppliers Stanley Electric and Tokai Rika have reported a decline in net income in the first nine months of FY 2015/16 ended 31 December 2015, while Topy Industries has posted net loss, according to their filings with the Tokyo Stock Exchange (TSE). Stanley Electric posted net income of JPY17.2 billion (USD142.6 million, 30 December 2015), down 6.9% year-on-year (y/y) and its operating income declined 5.3% y/y to JPY26.5 billion (USD219.7 million). However, net sales tota...
    Topy Industries reports USD27.5-million net loss in first half
    Topy Industries has reported a net loss of JPY3.3 billion (USD27.5 million, 30 September 2015) for the first half ended 30 September 2015, against net income of JPY854 million (USD7.8 million, 30 September 2014) in the corresponding period a year earlier, according to a company press release. Net sales were down 4.3% year on year (y/y) to JPY108.5 billion (USD905.9 million), while operating income was up 48.9% y/y to JPY3.2 billion (USD26.7 million). Topy Industries operates its business thr...
    Mergers and acquisitions (Issue 8, 2015)
    Acquirer Acquired Business Sector Comment Brembo ASIMCO Meilian Braking Systems (ASIMCO) Cast-iron Foundry Italian brakes maker Brembo has agreed to acquire 66% stake in China-based ASIMCO Meilian Braking Systems (ASIMCO) for CNY616 million (USD96.6 million). The rest of the 34% stake in the Langfang, Hebei province-based ASIMCO M...
    Topy Industries to acquire subsidiary Kyushu Wheel Kogyo
    Topy Industries has decided to acquire 100% stake in its subsidiary Kyushu Wheel Kogyo, Ltd, according to a press release. The company plans to subsequently increase capital in the subsidiary and subscribe for full amount of its stock. Topy Industries will acquire shares at an issue price of JPY3.5 billion (USD29.1 million). Of this the company will add JPY1.75 billion (USD14.5 million) to capital and the remaining JPY1.75 billion (USD14.5 million) will be credited to capital reserve. The move w...
    Topy’s net income nearly doubles in Q1; IHI reports net loss of USD391,058 in Q1
    Topy Industries’ net income increased nearly two folds to JPY570 million (USD4.6 million, 30 June 2015) in the first quarter ended 30 June 2015, compared with JPY285 million (USD2.8 million, 30 June 2014) in the same period a year ago, according to a company press release. Net sales for the period declined 4% y/y to JPY53.4 billion (USD434.8 million). Despite decline in sales, the company reported 66.5% y/y growth in operating income to JPY1.2 billion (USD10 million). The company operates ...
    Topy Industries' net income up 23% y/y to USD21.2 million in FY 2014/15
    Topy Industries’ net income grew 23.2% year-on-year (y/y) to JPY2.3 billion (USD19.2 million, 31 March 2015) in the full year ended 31 March 2015, according to a company press release. Net sales for the period amounted to JPY237.6 billion (USD1.98 billion), up 1.3% y/y. Operating income increased 21% y/y to JPY6.4 billion (USD53.4 million). Topy Industries operates its business through three segments: Automobile and Industrial Machinery Components (A&IMC), Steel and others. Of these, A...
    Topy Industries to open fasteners plant in Mexico
    Topy Fasteners Ltd, a subsidiary of Japan-based Topy Industries, has announced plans to set up a new manufacturing plant in Mexico, the company said in a press release. The new facility, Topy Fasteners Mexico S.A. de C.V (tentative name), to be located in San Luis Potosi, will manufacture industrial fasteners such as precision flat springs for various applications including for two-wheel  and four-wheel vehicles The plant, to be spread on a 30,000-square metre area, is expected to start ope...
    Topy Industries net income doubles to USD21.6 million in nine months of FY2014/15
    Topy Industries’ net income grew 126% year-on-year (y/y) to JPY2.6 billion (USD21.6 million, 31 December 2014) in the nine months ended 31 December 2014, according to a company press release. Net sales for the period amounted to JPY176.9 billion (USD1.4 billion), up 2.4% y/y. Operating income increased 38.8% y/y to JPY4.8 billion (USD40 million). Topy Industries operates its business through three segments: Automobile and Industrial Machinery Components (A&IMC), Steel, and Others. Only...
    Topy's H1 net income up 119% y/y to USD7.8 million
    Topy Industries’ net income grew 119% year on year (y/y) to JPY854 million (USD7.8 million, 30 September 2014) in the six months ended 30 September 2014, according to a company press release. Net sales for the period amounted to JPY113 billion (USD1 billion), up 1.9% y/y. Operating income increased 31.7% y/y to JPY2.2 billion (USD20 million). Topy Industries operates its business through three segments: automobile and industrial machinery components (A&IMC), steel and others. Only the ...
    Topy Industries reports USD2.8 million net income in Q1 FY 2014/15
    Topy Industries, a Japan-based aluminium and steel wheels supplier to the automotive industry, has announced its financial results for the first quarter ended 30 June 2014. According to a company press release, Topy Industries’ net sales increased 2.7% year on year (y/y) to JPY55.5 billion (USD546.9 million, 30 June 2014) in the first quarter of the fiscal year (FY) 2014/15, while the company’s operating income was up 22% y/y to JPY744 million (USD7.3 million). Topy Industries reported net i...
    Topy Industries’ net income down 44% y/y to USD18.6 million in FY 2013/14
    Topy Industries’ net income declined 43.9% year-on-year (y/y) to JPY1.9 billion (USD18.6 million, 31 March 2014) in the financial year ended 31 March 2014, says a company press release.  Operating income, however, was down 24.1% y/y to JPY5.3 billion (USD51.6 million). Net sales increased 3.4% y/y to JPY234.7 billion (USD2.3 billion). Topy Industries operates its business through three segments: Automobile and Industrial Machinery Components (A&IMC), Steel, and Others. The company...
    Topy Industries’ net income down 63.6% y/y to USD11 million in first nine months of FY2013/14
    Topy Industries reported net income of JPY1.16 billion (USD11 million, 31 December 2013) for the nine months ended 31 December 2013, a decrease of 63.6% from JPY3.2 billion (USD37 million, 31 December 2012) for the same period in the previous year, says a company press release. The company's operating income fell 44.6% year on year (y/y) to JPY3.5 billion (USD33.2 million) from JPY6.3 billion (USD73.3 million). Sales increased marginally to JPY172.8 billion (USD1.6 billion) from JPY171 billion (...
    Topy Industries’ net income down 81.7% y/y to USD4m in H1 FY2013-14
    Topy Industries’ net income has declined 81.7% year-on-year (y/y) to JPY390m (USD4m, 30 September 2013) for the six months ended 30 September 2013 compared with JPY2.1bn (USD27.4m, 30 September 2012) in the same period of the previous year, according to the company’s press release. Sales decreased 3.9% y/y to JPY111.3bn (USD1.1bn) from JPY115.9bn (USD1.5bn). Operating income was down 58.4% y/y to JPY1.7bn (USD17m) from JPY4bn (USD51.4m). Segment-wise, sales for steel business accounted f...
    Topy Industries’ net income down 99% y/y to USD121,003 in Q1 FY2013-14
    Topy Industries reported 98.8% year-on-year (y/y) decrease in net income to JPY12m (USD121,003 on 30 June 2013) for the first quarter (Q1) ended 30 June 2013 compared with JPY1.1bn (USD13.6 m, 30 June 2012) in the same period of the previous year, according to the company’s press release. Sales decreased 10.1% y/y to JPY54bn (USD544.51m) from JPY60.13bn (USD755.6m). Operating income was down 72.3% y/y to JPY610m (USD6.15m) from JPY2.2bn (USD27.6m). Segment-wise, sales for steel business ac...
    Joint ventures
    Company JV Partner(s) Area of operation Comment Continental Oerlikon Alternative Transmissions Continental has entered an agreement with Oerlikon to collaborate on the development and marketing of integrated motor and transmission systems for hybrids and electric vehicles (EVs), the two automotive suppliers said in a joint press r...
    Topy Industries sets up steel wheel plant in Mexico
    Japanese automotive components supplier Topy Industries plans to establish a USD13m steel wheel plant in Mexico, in collaboration with Italian vehicle wheels manufacturer MW Italia Spa, reports metal industry news provider American Metal Market. The plant, which will produce steel wheels for passenger cars and light commercial vehicles, will be located in Silao, Guanajuato. Topy will hold 75% of the joint-venture (JV) plant, while the remaining 25% will be held by MW Italia. Construction of the ...
    Topy Industries to form JV with MW Italia in Mexico to manufacture steel wheels
    Topy Industries will form a new joint-venture (JV) with Italy’s MW Italia S.p.A to manufacture steel wheels for passenger cars and light commercial vehicles in Mexico, says the company’s press release. The JV, scheduled to be established in September this year, will be called Topy MW Manufacturing Mexico S.A. DE C.V. The JV involves a capital investment of around USD13m; Topy and MW will own 75% and 25% stake in JV, respectively. The JV will set up a new steel wheels manufacturing plant ...
    Topy Industries’ net income down 13% y/y to USD36.2m in FY2013
    Topy Industries has reported a net income of JPY3.4bn (USD36.2m, 31 March 2013) in the financial year ended 31 March 2013, down 13% year on year (y/y) compared with JPY3.9bn (USD47.6m, 31 March 2012) reported in the same period of the previous year, says the company’s press release. The company’s operating profit stood at JPY7bn (USD74.2m), down 33.8% y/y from JPY10.6bn (USD128.8m). Net sales declined 5.7% y/y to JPY226.9bn (USD2.4bn) compared with JPY240.5bn (USD2.9bn) in the previous year....
    Topy Industries’ net income climbs 8.8% y/y to USD37m in first nine months of FY2012
    Topy Industries reported net income of JPY3.2bn (USD37m, 31 December 2012) for the nine months ended 31 December 2012, an increase of 8.8% from JPY2.9bn (USD37.8m, 31 December 2011) for the same period in the previous year, says a company press release. However, the company's operating income reduced 14.8% year-on-year (y/y) to JPY6.3bn (USD73.3m) from JPY7.4bn (USD95.5m). Sales declined 3.5% y/y to JPY171.1bn (USD2bn) from JPY177.3bn (USD2.3bn) on lower domestic and overseas demand, the company...
    Topy Industries sets up new subsidiary for truck and bus wheels in Indonesia
    Topy Industries has set up a new joint-venture (JV) subsidiary in Indonesia called PT. Topy Palingda Manufacturing Indonesia tp manufacture truck and bus wheels, according to a company press release. The plant, with site area of 50,000 square metres and plant area of 23,000 square metres, will be located at Suryacipta Industrial Park, Karawang, Indonesia. Topy Industries will have a 70% share in the JV with Pakoakuina group owning the remainder. The total capital will be IDR330bn (USD34.1m)....
    Topy Industries lowers fiscal 2013 guidance
    Topy Industries has lowered forecast for the financial year (FY) 2012-13 ending on 31 March 2013. The company expects net sales to reach JPY236bn (USD3bn), from the earlier forecast of JPY253bn (USD3.2bn) announced on 10 May 2012. Operating income forecasts are lowered by 39.1% to JPY7bn (USD89.4m), while net income expectations are down by 42.1% to JPY3.3bn (USD42.1m). The company has also revised guidance for the second quarter ended 30 September 2012. Topy Industries projects a 5.7% fall ...
    Topy Industries net income rises 17.7% to USD13.6m in Q1 of FY2012-13
    Topy Industries reported net income of JPY1.1bn (USD13.6 m, 30 June 2012) for the first quarter ended 30 June 2012, an increase of 17.7% from JPY918m (USD11.3 m) for the same period in the previous year, says a company press release. Operating income of the company rose by 51.6% to JPY2.2bn (USD27.6m) year-on-year (y/y) from JPY1.4bn (USD17.3 m). Sales for the first quarter grew by 10% to JPY60.1bn (USD755.6m) from JPY54.7bn (USD675.4m) in the previous year. The company reported that even tho...
    Topy Industries unveils mid-term management plan for 2012-2015
    Topy Industries has outlined new mid-term consolidated management plan called ‘Growth & Change 2015 (G&C 2015)’ which will be implemented from 2012 to 2015, according to the company’s press release. Topy's present growth is driven mainly from overseas demand, especially from developing countries, but sales are also negatively affected by the decrease in domestic demand with decrease in population in Japan. Thus, the main aim of the management plan is growth in the global markets...
    Topy Industries net income rises 89% y/y to USD47.6m in FY2011-12
    For the fiscal year ended 31 March 2012, Topy Industries net income jumped 89% to JPY3.9bn (USD47.6m, 31 March 2012) compared with JPY2.07bn (USD24.9m, 31 March 2011) in the previous financial year. Operating profit was also up by 50.6% year-on-year (y/y) to JPY10.5bn (USD127.6m) from JPY7bn (USD84.4m). Sales grew by 8.6% to JPY240.5bn (USD2.9bn) against JPY221.4bn (USD2.7bn) in the previous year. Although, the company did witness losses due to the Japan earthquake and Thailand floods during the...
    Wheels India to invest INR700m to expand operations
    Wheels India, a TVS Group company, plans to invest INR700m (USD14m) to expand its operations in 2012, reports The Hindu Business Line. The company supplies steel wheels for various segments including passenger cars, trucks and buses. The total annual production capacity, across six facilities operated by the company, is pegged at 15 million wheels. Significance: Bulk of the investment is targeted to boost the company’s export business, which currently contributes 20% to the total annual sale...
    Latest Joint-Ventures
    Company JV Partner (s) Location Comment Great Wall Motors Delphi USA 11 November 2011 - Delphi and Great Wall Motors (GWM) have signed a strategic cooperation agreement covering various automotive components. The agreement includes joint development work on electrical and electronic structural systems, safety, powertrain and thermal technologies. Additionally, the companies have signed a letter of intent to conduct research and development (R&D) activities for navigation and active...
    Wheels India, Topy Industries partner to develop passenger wheels
    Wheel India has entered into a technical agreement with Japan-based Topy Industries to design and develop wheels for passenger cars for global customers, reports the Business Standard. The company announced the development while disclosing financial results for the second quarter ended 30 September 2011. "In the second quarter, we have entered into a technical agreement with Japanese firm Topy Industries. This comes as an opportunity for us to engage in early development stage of steel passenge...
    Nissan's keiretsu suppliers in Japan
       Name of Company Prefecture/City Parts/Products Ahresty Tokyo Aluminium die-cast parts Aisan Industries (Aisan Kogyo) Kanagawa Fuel pumps, throttle bodies and engine valves Aisin AW Aichi Prefecture Automatic transmissions and car navigation systems Aisin Seiki Tokyo ABS, automatic transmissions and brakes Akebono Brake Saitama Brakes & assembly Alpha Yokohama Key sets and hardware, die-cast parts, western construction hardware, resin forms...
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