Jatco on Monday formally opened its third overseas plant after Mexico and China in the Amata Nakorn Industrial Estate, where 500,000 units of one of its latest CVTs, the CVT7, will be produced annually.
They will be installed in compact cars such as the March, also known as the Micra, and Sylphy produced by Nissan Thailand.
Established with an investment of about US$200 million (Bt6.45 billion), the number of employees is about 740, which is scheduled to increase to 1,300 by fiscal 2014.
The plant plays a major part in the company’s strong commitment to growth.
Back in June 2011, Jatco said it would be the first CVT manufacturer in Thailand.
One of the most significant advantages of the plant, which began production in July, is its relatively small low carbon footprint.
It achieves this by having aluminium materials delivered from a neighbouring supplier in a molten metal form, rather than as solid ingots, thus eliminating the re-melting process.
This is expected to create 1,350 tonnes less of CO a year.
During the opening ceremony, Takashi Hata, president and CEO of Jatco, said the CVTs produced by Jatco Thailand have been highly evaluated for substantially improving cars’ environmental impact and fuel efficiency.
“Through the spread of our environmentally friendly products, and by creating investment and employment opportunities, we hope to continue contributing to the development of Thailand’s automotive industry and regional economy,” he said.
Tomoaki Hirayama, president of Jatco Thailand, has many plans for the plant’s future.
Jatco is one of the world’s leading manufacturers of automatic transmissions and the top continuously variable transmission (CVT) manufacturer in the world. Production last year was 4.78 million units, which amounted to sales of $5.9 billion.
The company has set a sales target of $10 billion by fiscal 2018, by which time it expects, through increased production capacity at its plants in Thailand, China and Mexico, to expand its overseas production from 25 per cent last year to about 70 per cent.