JATCO Ltd (President: Teruaki Nakatsuka, head office: Fuji city, Shizuoka, Japan, Capital JPY: 29.93 billion, hereinafter “JATCO”), a specialty manufacturer of automatic transmissions (ATs, CVTs), has announced that JATCO (Suzhou) Automatic Transmission Ltd. would be established as its 2nd CVT production plant in China, in Economic and Technological Development Zone, Zhangjiagang City, Jiangsu Province, to expand its CVT production capacity.
With a CVT market growth in China, annual production in JATCO (Guangzhou) Automatic Transmission Ltd., which started production in 2009 as the 1st production site in China, has exceeded 1 million units. In order to expand production capacity, company decides to establish a new production facility in Zhangjiagang City, Jiangsu Province, with good access to suppliers, logistics competitiveness as well as other good business conditions. Production is expected to start in end 2019 with annual production capacity of 480 thousand units. Initial employees will be about 1,000. Jatco CVT8 for mid and large- sized FF vehicles will be produced in the new plant.
CVT’s excellent environmental friendliness and drivability fit Chinese market and JATCO positions China as one of important markets for its growth strategy.
JATCO is the only transmission manufacturer which offers a full line-up of CVTs from the one for minicars to 3.5-liter-class vehicles. It maintained global top CVT share of 37%* in 2017. Cumulative production volume of CVT exceeded 40 million in April 2018.
*: According to JATCO’s research
New plant overview;
|Company name||JATCO (Suzhou) Automatic Transmission Ltd.|
|Establishment date||July 2018 (planned)|
|Capital expenditure||6.4 billion yen (100% owned by JATCO Ltd)|
|Address||Economic and Technological Development Zone, Zhangjiagang City, Jiangsu Province, China|
|Dimensions||Land : 96 thousand m2, Building : 43 thousand m2|