Nagoya, Japan, November 16, 2011 – JTEKT CORPORATION (JTEKT; Nagoya, Japan; President: Shoji Ikawa) is pleased to announce that we established a new production plant in Indonesia, and we will start the local production of bearings from coming December 2011. Since October 2011, the Electric Power Steering (EPS) production has been changed to wholly local production from former only assembly line production. Along with this local production, we held a ceremony to commemorate the completion of this new plant on November 15, 2011. At the ceremony, we invited our customers and many government officials to celebrate the embarkation.
PT. JTEKT INDONESIA (JID), established in January 2009 as a sales company, built the new plant. Indonesia has its population ranked 4th in the world, and an automotive and a motorcycle market in are rapidly growing. To correspond the demands for components, it has started the assembling of EPS and starter clutch. This wholly local production enables us to strengthen our supply system for expanding markets. The total amount of investment is to be approximately 8 billion yen.
[About JID and the new plant]
1. Name： PT.JTEKT INDONESIA 2. Location： Suryacipta City of Industry, Karawang, West Java 3. Capital： Approximately $20 million (Approximately 1.5 billion yen)
(scheduled by the end of December 2011) 4. Capitalization ratio： JTEKT CORPORATION 62% JTEKT (Thailand) Co. Ltd. 38% 5. Establishment： January 2009 6. Outline of business： Manufacturing and sales of EPS, bearings and starter clutches 7. Total investment： Approximately 8 billion yen 8. Employment： Approximately 1,200 (to be scheduled by 2014) 9. Sales： 15 billion yen (planned in 2012)10. Size： Approximately 100,000m² 11. Areas： 1. Area for EPS, starter clutches 10,000m²
2. Area for bearings 20,000m²