Press releases
Tool resharpening service to start in Mexico
JATCO Ltd has announced that it will start providing a tool sharpening service in Mexico. Not only is tool resharpening one of the machining processes involved in the production of automatic transmissions, but it is also important for maintaining the sharpness of cutting tools. This service is aimed at responding to potential local needs, which have thus far been met by a small number of local companies. Scheduled to begin in October 2014, the service’s objective is to achieve US$2-3 million in revenue within a few years.
On other news, as part of JATCO’s move to expand overseas production – projected to increase to five times the current level – preparations are on track for its 2nd plant in Mexico to begin operating in summer 2014. This plant will play an important role in the company’s globalization.
JATCO profile
JATCO Ltd (President & CEO Takashi Hata; headquarters in Fuji City, Shizuoka, Japan; capital: JPY29.94 billion) is one of the world’s leading manufacturers of AT (automatic transmission), and the No. 1 CVT (continuously variable transmission) manufacturer in the world with nearly half of the global market share. Comprising approximately 12,000 employees worldwide and with manufacturing plants in Japan, Mexico, China and Thailand, the company provides innovative products to markets around the world. Consolidated sales in 2012 were nearly JPY600 billion (approximately US$6 billion) and the company has set a sales target of JPY1 trillion (approximately US$10 billion) to be achieved by fiscal 2018. JATCO is 75 percent owned by Nissan Motor Co., Ltd., 15 percent by Mitsubishi Motors and 10 percent by Suzuki Motor Corporation. The company supplies step AT and CVT to its shareholders and other car companies globally.
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