JATCO Ltd (President & CEO Takashi Hata, Headquartered in Fuji City, Shizuoka, Japan, Capital: 29.9353 billion yen), Automatic Transmissions and Continuously Variable Transmission (AT/CVT) manufacturer, commenced shipment of automatic transmission (AT) to Russian automobile manufacturer AvtoVAZ*, and at the same time, held an opening ceremony for JATCO's Russian office.
JATCO commenced shipment of 4-speed ATs for small FWD vehicles (JF414E) at the end of May 2012 to Russian manufacturer, AvtoVAZ. The ATs are produced in JATCO's Fuji Area No. 4 plant. These 4-speed ATs will be installed in AvtoVAZ's Lada Granta, which is scheduled to be launched in Russia from August 2012. About 80,000 units per year are to be supplied. Not only does this represent the first business JATCO has concluded with a Russian company, it is also the first time an AT car has been launched by AvtoVAZ.
In conjunction with the above, JATCO held an opening ceremony for its Togliatti representative office on 15 June 2012, in Togliatti, Samara Region where the AvtoVAZ headquarters is located. With the establishment of this office, JATCO will be able to respond promptly to the needs of AvtoVAZ. It will also be able to use the office as a foothold for expanding its business in the Russian automobile market.
At the opening of Togliatti representative office, CEO Hata said, "The 4-speed ATs supplied by JATCO will be the first two-pedal car for many customers in Russia. JATCO will spare no efforts in attracting even more customers in the Russian market to accept two-pedal vehicles, and hopes to bring much excitement and inspiration in driving to the people of Russia."
* AvtoVAZ: Russia's largest automobile manufacturer, founded in 1966. It is headquartered in Togliatti, Samara Region. In 2011, AvtoVAZ produced approximately 560,000 vehicles and Renault holds 25% of AvtoVAZ's shareholding.
JATCO Ltd., headquartered in Shizuoka, Japan, is one of the leading manufacturers of automatic transmissions, and the number one CVT (continuously variable transmission) manufacturer in the world with nearly half of the market share. With more than 10,000 global employees and manufacturing plants in Japan, Mexico and China and under construction in Thailand, the company brings innovative products to markets around the world. Consolidated sales in 2011 reached to 600 billion yen and the company is aiming to attain 1 trillion yen sales by FY2018. JATCO is 75% owned by Nissan Motor Co., Ltd., 15% by Mitsubishi Motors and 10% by Suzuki Motor Corporation. The company supplies step AT and CVT to its shareholders and other car companies.