May 6 , 2013  

Company Implements its Product Diversification Strategy

JIANGSU, CHINA … Yizheng Shuanghuan Piston Ring Co., Ltd. ("ASIMCO Shuanghuan"), China's leading manufacturer of diesel piston rings, as well as an important manufacturer of gasoline piston rings, announced today the formation of a joint venture through an investment in ASM Alloy Materials (Yizheng) Co., Ltd.  ASMY is the China branch of Alpha Sintered Metals, which is a leading North American producer of high tolerance powder metal components, including stainless steel exhaust flanges, complex gears, cam shaft assemblies, and structural parts.

Established in a 6,000 square meter facility in Yizheng Auto Industrial Park in 2007, ASM Alloy Materials (Yizheng) Co. Ltd. has brought leading edge powder metal capabilities to China, where it has primarily focused on demanding automotive applications.  Powdered metal can provide significant advantages in the cylinder liner, timing gear, cam lobe, cam phaser, valve seat and vacuum assist braking areas, among others.  It also provides opportunities in SCR and EGR related systems.

"Our investment in ASMY helps ASIMCO Shuanghuan to expand its range of capabilities beyond piston rings and camshafts in the automotive valve train arena," said Wu Yingxue, General Manager of ASIMCO Shuanghuan.  "We believe this is a unique opportunity to make a significant penetration in powder metal areas both in China and the global market, and at the same time, provide the China market with the most advanced technology available today.

"The joint venture with ASIMCO Shuanghuan combines the powder metal technical expertise of ASM with the strong PRC market presence of ASIMCO Shuanghuan," said JoAnne Ryan, President and CEO of ASM.  "ASIMCO Shuanghuan brings resources to ASMY which are beyond what we can offer on our own, including advanced research and development capabilities, extensive resources in precision machining, and a market leading sales and service network."

About ASIMCO Technologies Limited and ASIMCO Shuanghuan

Established in February 1994, ASIMCO Technologies ("ASIMCO") has become one of the largest independent foreign auto components groups in China.  With its headquarters in Beijing, ASIMCO currently has 8 major operating companies, and 800 service stations in China.  ASIMCO makes a wide range of products, including fuel injection systems, powertrain, chassis, rotating electrics and NVH products.  ASIMCO also has sales branches in the United States, Europe and Japan.  Based on its various product categories, ASIMCO has built six independent R&D centers so as to continuously improve its product development capabilities.

ASIMCO Shuanghuan is a Sino-US joint venture established in 1995 between Jiangsu Yizheng Piston Ring Factory and ASIMCO Technologies Limited ("ASIMCO"), and had a technical cooperation with Nippon Piston Ring Co., Ltd. (NPR) in the past.  With more than 2,500 models and specifications, ASIMCO Shuanghuan is the largest specialized piston ring producer in China and has ranked first in the industry for consecutive 20 years.  In addition, it also ranked as one of the top 10 piston ring companies in the world.  Visit the company's website at for more information.

About ASM

ASM, headquartered in Ridgway, Pennsylvania, is a provider of high density stainless steel products, complex gears, structural PM components, assembled cam shafts, and value added assemblies.  ASM holds market leading positions in several market segments including small engines, recreational vehicle and lawn and garden applications and is one of only two primary producers of highly specialized stainless steel exhaust and turbocharger flange components.  See