Jayatsu Manufacturing
From Wikislippy
Jayatsu Manufacturing is a fictional Korean manufacturing company. Jayatsu builds and sells light duty construction and farm equipment. Jayatsu Manufacturing was founded in 1958 by C. Yoon. The President of Jayatsu Manufacturing is Han Lee.
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History
Jayatsu Manufacturing was founded in 1958 by C. Yoon as Jayatsu Industrial Manufacturing.
In 1968, Jayatsu Agriculture was created. Jayatsu began manufacturing farm implements in 1971 and in 1975, the first Jayatsu tractor was released.
In 1983, Jayatsu Industrial launched Jayatsu America.
In 1986, American Edwin Richards begins investing in Jayatsu America under the name EJR2.
In 1988 Jayatsu was bought by Han Lee.
In 1989, a new partnership was formed between Jayatsu Industrial and EJR2.
In 1991, C. Yoon retired as President of Jayatsu Industrial and Han Lee becomes president.
In 1992, EJR2 was merged with EJR Manufacturing.
In 1992, a partnership was formed with EJR Manufacturing and Am-Kor Limited was created.
In 1998, LnGT International purchased 40% of Jayatsu America giving them majority ownership. LnGT also purchased a 25% share in Jayatsu Manufacturing.
In 2009, Jayatsu Industrial purchased So International from Am-Kor. So International was merged with Jayatsu Industrial and the name was changed to Jayatsu Manufacturing. Soon after, So Motors was renamed the Jayatsu Motor Company.
Jayatsu Agriculture Equipment
In 1968, Jayatsu Agriculture was created. Jayatsu began manufacturing farm implements in 1971. In 1975, the first Jayatsu tractor, the Jayatsu 310, was released. In 1983, the larger Jayatsu 520 was released.
In 1992, Jayatsu replaced the Jayatsu 520 with a redesigned version called the Jayatsu 530. In 1996, Jayatsu Agriculture was renamed Jayatsu Agriculture Equipment. In 1999, Jayatsu AE introduced a new tractor named the Jayatsu 550 and a redesigned Jayatsu 530.
In 2001, Jayatsu America was renamed by LnGT International to Jayson Equipment Ltd.
In Korea, Jayatsu AE began downsizing in 2006. However in the United States, with help from LnGT, Jayson Equipment was expanding.
In 2008, it was announced that Jayatsu AE may close in Korea by 2012. Jayatsu has already stopped manufacturing equipment and closed all manufacturing plants. Jayatsu AE is currently focused on selling and repairing used equipment.
Jayson Equipment Ltd.
Jayson Equipment Ltd. was created in 1983 as Jayatsu America. Jayatsu begins importing tractors and construction equipment by 1984. By 1985, C. Yoon was looking for someone to invest into Jayatsu America. In 1986, C. Yoon met Edwin Richards who became interested in investing in Jayatsu America. Edwin pressured his EJR Manufacturing into investing into Jayatsu America but his son, Kevin Richards, kept on refusing. So Edwin invested in it by himself. By mid 1987, Edwin Richards had a 49% share in Jayatsu America. However, he passed away soon after. Edwin's 49% share was passed to his son, Kevin.
In 1998, LnGT International purchased a majority share in Jatatsu America. In 2001, Jayatsu America was renamed by LnGT International to Jayson Equipment Ltd. In 2003, LnGT begins selling Jayson equipment at LnGT dealerships. In 2005, LnGT decides to reduce the number of construction equipment being sold in North America due to declining sales. By 2010, LnGT plans on moving all Jayson dealerships into current LnGT dealerships.
- LnGT Int. = 40%
- Jayatsu = 35%
- EJR Man. = 25%
Jayatsu Motors
Jayatsu Motors was created when So International was merged with Jayatsu Industrial. So Motors was renamed to Jayatsu Motors. Jayatsu Motors is currently working on an electric car called the Jayatsu EC.
