JTEKT Starts a Local Production of Bearings and Steering in Indonesia
Resource from: JTEKT CORPORATION Likes:3095
Nov 16,2011
Nagoya, Japan, November 16, 2011 – JTEKT CORPORATION (JTEKT; Nagoya, Japan; President: Shoji Ikawa) is pleased to announce that we established a new production plant in Indonesia, and we will start the local production of bearings from coming December 2011. Since October 2011, the Electric Power Steering (EPS) production has been changed to wholly local production from former only assembly line production. Along with this local production, we held a ceremony to commemorate the completion of this new plant on November 15, 2011. At the ceremony, we invited our customers and many government officials to celebrate the embarkation.
PT. JTEKT INDONESIA (JID), established in January 2009 as a sales company, built the new plant. Indonesia has its population ranked 4th in the world, and an automotive and a motorcycle market in are rapidly growing. To correspond the demands for components, it has started the assembling of EPS and starter clutch. This wholly local production enables us to strengthen our supply system for expanding markets. The total amount of investment is to be approximately 8 billion yen.
[About JID and the new plant]
1. Name： PT.JTEKT INDONESIA
2. Location： Suryacipta City of Industry, Karawang, West Java
3. Capital： Approximately $20 million (Approximately 1.5 billion yen)
(scheduled by the end of December 2011)
4. Capitalization ratio： JTEKT CORPORATION 62% JTEKT (Thailand) Co. Ltd. 38%
5. Establishment： January 2009
6. Outline of business： Manufacturing and sales of EPS, bearings and starter clutches
7. Total investment： Approximately 8 billion yen
8. Employment： Approximately 1,200 (to be scheduled by 2014)
9. Sales： 15 billion yen (planned in 2012)
10. Size： Approximately 100,000m²
11. Areas： 1. Area for EPS, starter clutches 10,000m²
2. Area for bearings 20,000m²
[Image of the new plant]
[Photo of the Plant 1]
(JTEKT CORPORATION)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
