JTEKT Corporation Announces Plans to Build New Manufacturing Facility to Meet
Growing Demand for Electric Power Steering Systems
PLYMOUTH, Mich., Jan. 6, 2014
PLYMOUTH, Mich., Jan. 6, 2014 /PRNewswire/ -- JTEKT Corporation, a leading
producer of automotive steering systems, all wheel drive couplings and a broad
range of bearings, has announced it will invest US $91 million to build a new
manufacturing facility in San Luis Potosi, Mexico. The new facility, JTEKT's
first in Mexico, will provide the company with needed capacity to manufacture
electric power steering systems for its growing customer base in the region.
"The San Luis Potosi site will be an important piece of our global
manufacturing footprint. It is strategically located to enable JTEKT to
quickly serve several automakers in the region," said Ken Hopkins, chief
operating officer, JTEKT North America. "This investment will significantly
expand our production capacity for electric steering systems and position us
well for future growth as a global leader of electric power steering systems."
Construction of the 19,000 square meter (204,500 sq. ft) plant, which will
employ 300, is expected to begin in spring of 2014, and be completed in the
spring of 2015 with operations starting by the end of 2015. At full capacity,
production volume will reach 900,000 units annually.
JTEKT is a leading global supplier of automotive steering systems, automotive
all wheel drive couplings, Torsen brand differentials, Koyo brand automotive
and industrial bearings and TOYODA machine tools that improve efficiency and
performance in a variety of applications. With global headquarters in Nagoya,
Japan, JTEKT employs more than 43,000 people in 27 countries and reported
sales of $11 billion in 2012. In North America, JTEKT employs over 5,000
people with 14 manufacturing facilities and numerous technical centers and
distribution facilities across North America. For more information, please
SOURCE JTEKT Corporation
Contact: Forrest Sprague, Vice President of Marketing and Public Relations,
(734) 738-2769, Forrest.Sprague@jtekt.com
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