JTEKT Announces First Manufacturing Plant in Mexico

12/1/2013

JTEKT Announces First Manufacturing Plant in Mexico

Nagoya, Japan, December 24, 2013 – JTEKT CORPORATION (JTEKT; Headquarters; Nagoya, Japan; President: Tetsuo Agata) is pleased to announce the establishment of manufacturing facility in Mexico named “JTEKT AUTOMOTIVE MEXICO, S.A. DE C.V. (hereafter JAMX) in February 2014.

In response to the recent growth of automobile industry in Mexico, JAMX will start manufacturing of Electric Power Steering (hereafter EPS). This enables us to respond swiftly and adequately to the customer’s needs in Mexico.

JAMX is to produce stable and high quality EPS to contribute to the development of automobile industry in Mexico by making use of engineering and production know-how of EPS which we cultivated in Japan and worldwide.

[General Information of JAMX]

1.Company Name: JTEKT AUTOMOTIVE MEXICO, S.A.DE C.V.

2.Location: San Luis Potsi State, The United Mexican States

3.Capital: 360 million Mexican peso (approx 2.9 billion yen)

4.Investment Ratio: JTEKT 100 %

5.Investment Amount: US$ 90 million

6.Number of Employees: About 300(in 2016)

7.Production Capacity: 900,000 units / year

8.Land Area: Approx. 204,000m²

9.Plant Area: Approx. 19,000m²

10.Start of Operation: The end of 2015 (scheduled)

11.Completion of Construction: April 2015

12.Business Description: Manufacturing and Sales of Electric Power Steering

JTEKT Announces First Manufacturing Plant in Mexico (Jul 2013)