Asia on the Hunt for European Technology

Resource from: CBCC Likes:2951

Nov 23,2007

Asia on the Hunt for European Technology Asian car and car parts manufacturers want to follow the example of Japan's NTN and buy companies in Europe that will give them a technological edge, an investment banker at Nomura International said on On Nov.21st, 2007. Klaus Pflum, who heads the automotive team at the Nomura (8604.T: Quote, Profile, Research) division, said the manufacturers could not find enough engineers in their home countries to help them stay ahead of the competition with innovative products. "Indian and Chinese companies are looking to buy engineering power in western Europe and countries like Ukraine and Mexico," he told the Reuters Autos Summit. Given the strong demand for know-how, industrial centers in China and India faced the problem of engineers constantly switching loyalties to the company who paid the most.Among Japanese companies, there was a reluctance to buy big companies in Europe because of the difficulties involved in integrating them into their operations."It is not a money problem," he said. These companies preferred to buy small, specialized outfits and let them run by themselves while making minor changes over a period of time, he said. He cited the example of NTN (6472.T: Quote, Profile, Research), which last year agreed to buy a controlling stake in Renault (RENA.PA: Quote, Profile, Research) bearings unit SNR Roulements for about 20 billion yen ($171 million), making it the world's third-biggest maker of the product. NTN expected the investment to help it accelerate its product development, boost its competitiveness and expand in Europe.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous SKF Presents PSI Compatible Hubcaps
Next Ball Bearing Systems Changed Over Easily

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.