Sometime last year Perodua revealed plans to manufacture E-AT automatic transmissions in Malaysia. Now Daihatsu Motor Co Ltd has released more details on the timeline and structure of the new company that will undertake the E-AT automatic transmission manufacturing in Malaysia.

The new company Akashi-Kikai Malaysia Sdn Bhd will operate it’s 13,000 square metre plant on a 113,000 square metre plot of land in the Sendayan Industrial Park in Seremban, Negeri Sembilan.

The plant is expected to be ready in November 2013 and will have a production capacity of 150,000 units a year. The stakeholders will put in RM100 million as capital, and the new company is expected to employ approximately 120 people.

Perodua will own approximately 10% of Akashi-Kikai Malaysia, while Daihatsu Motor Co will hold 39% and Akashi-Kikai Industry Co Ltd of Japan holds a 51% majority. Akashi-Kikai Industry Co Ltd is a subsidiary of Daihatsu and currently makes automatic and CVT transmissions for Daihatsu.