Koyo Seiko Founded Its 8th Subsidiary in Wuxi

on June 4, Koyo Seiko Corp.(Japan) began to build their 8th subsidiary--Koyo Auto Parts Co.,Ltd in Wuxi Jiangsu province China. Mr. Gong peixing, vice mayor of Wuxi city, attended the groundbreaking ceremony of this new company.

Koyo Seiko is the world famous bearing manufacturer. So far, Koyo has invested over $120 million in Wuxi city. The Koyo Auto Parts Co.,Ltd is the second manufacturing company specialized in bearings in Wuxi. The total investment and registered capital of this company has hit $40 million and $22 million respectively. The company will be put into mass production in April next year. It mainly manufactured bearings for auto transmission gear box and motor.

In future, Koyo will found technical center and logistic center. The Auto Parts Company can be regarded as the main bearing manufacturing base.