TOP > Profile > Company History > Former Koyo Seiko

Company History

Former Koyo Seiko

1921
Koyo Seiko Co. founded
1935
Company reorganized into a corporation and renamed Koyo Seiko Co., Ltd.
1938
Kokubu Plant completed
1943
Operations begun at Tokyo Plant
1958
American Koyo Corp. (presently Koyo Corporation of U.S.A.) established as first overseas affiliate
1960
Steering system development and prototype production begun at Kokubu Plant
1963
Joint bearing manufacturing and sales operations with Osaka Bearing Manufacturing Co., Ltd. (presently Daibea Co., Ltd.) begun
1963
Tokushima Plant completed
1969
Hamura Plant (presently Tokyo Plant) completed
1973
American Koyo Bearing Mfg Corp. (presently Koyo Corporation of U.S.A.) established, plant completed in South Carolina, and bearing production begun
1975
Operations begun at Hiketa Plant (presently Kagawa Plant)
1979
Operations of old Tokyo Plant and Hamura Plant combined (at Hamura Plant) and the plant renamed the Tokyo Plant
1983
World's first electronically controlled power steering system developed
1984
Ceramic bearing developed jointly with Toshiba Corporation
1986
Operations begun at Toyohashi Plant
1988
Production of world's first electric power steering system begun
1988
Joint venture TRW Koyo Steering Systems Company formed with U.S. company TRW Inc. (presently JTEKT Automotive Tennessee-Vonore Co.)
1989
Technical center at Kokubu Plant completed
1990
Operations begun at Kameyama Plant
1990
Financial participation in and technical assistance to Societe de Mecanique D'Irigny S.A. (presently JTEKT Automotive Lyon S.A.S.) begun
1991
North American Technical Center established in USA
1991
European Bearing Central Office established in the Netherlands
1997
European Bearing Technical Centre established in the Netherlands
1998
R&D center completed at Nara Plant
2000
Obtained majority ownership of Peugeot steering manufacturing subsidiary, changed name to Koyo Sreering Dijon Saint-Etienne S.A.S. (presently JTEKT Automotive Dijon Saint-Etienne S.A.S.)
2000
Basic agreement with Toyoda Machine Works, Ltd. regarding electric power steering joint development
2001
Business tie-up with Fuji Kiko Co., Ltd. regarding steering columns
2002
Establishment with Toyota Motor Corporation, Denso Corporation, and Toyoda Machine Works, Ltd. of joint venture FAVESS Co., Ltd. for the development and sale of electric power steering
2002
Became first company in Japan to obtain certification in ISO/TS 16949 (2002 version)
2003
TRW Koyo Steering Systems Company made a wholly owned Koyo subsidiary and renamed Tennessee Koyo Steering Systems Company (presently JTEKT Automotive Tennessee-Vonore Co.)