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  • Writer's pictureBy The Financial District

Japan’s Akebono Brake To Shut Down Another U.S. Plant In 2025

Akebono Brake Industry announced on Friday, October 20, 2023, that it will shut down a US factory in December 2025, as reported by Sei Matsumoto for Nikkei Asia.


Soaring materials prices and other factors had pushed the Elizabethtown, Kentucky plant into the red in recent years. I Photo: Akebono Brake Corporation - Elizabethtown Facebook



This move marks the Japanese auto parts supplier's continued retreat from a failed expansion in the world's second-largest auto market.


Soaring materials prices and other factors had pushed the Elizabethtown, Kentucky plant into the red in recent years. Job search support will be provided to the 629 employees at the factory, which produces disc brakes and other components.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

This development follows Akebono Brake's agreement with creditors in September 2023 to eliminate 56 billion yen ($518 million) in debt as part of a restructuring plan that will involve the disposal of six factories.


This sum accounts for half of Akebono's bank debt and sets the stage for a turnaround for the supplier to General Motors, Toyota Motor, and Nissan Motor, as reported by Ryo Asayama for Nikkei Asia.




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