NTN Expands European CVJ Business by Acquiring SETFORGE’s Crézancy Plant (Pic)

Resource from: CBCC Likes:2984

Jun 05,2008

NTN Transmission Europe (hereafter NTE), a constant velocity-manufacturing subsidiary of NTN Corporation (hereafter NTN) has decided to acquire the Crézancy Plant of SETFORGE, a leading forging manufacturer in France on June 1, 2008. The Crézancy Plant is NTE's main forging supplier. Background of Acquisition · Crézancy Plant is an important forging manufacturer which supplies about 50% of NTE’s total forging procurement and uses high-level forging techniques for CVJ parts, including an in-house capability to design and manufacture dies. · NTN will increase its CVJ market-share in Europe as well as establish a stable procurement system for CVJ parts while expanding local procurement. · NTN will achieve further quality improvements and cost-cutting through faster product development by combining NTN's forging know-how with the Crézancy Plant's techniques. Outline of the new company ·Company name : NTN Transmissions Europe Crézancy (after acquisition) ·Business lines : Development, manufacturing, and sales of CVJ outer ring forgings ·Location : Crézancy(Picardie, Aisne, France) ·Sales : approx. 2,000 million yen (shipments made only to NTE in 2007) ·Employees : approx. 100 (December 2007) ·Acquisition cost : approx. 400 million yen Outline of SETFORGE ·Business lines : Development, manufacturing, and sales of forgings for automobiles and industrial machinery ·Established : 1906 ·Head quarters : France ·Business office : 4 plants (excluding Crézancy Plant) in France. 6 business bases (Germany 1, Spain 1, India 1, Taiwan 1, and USA 2) ·Sales : approx. 18,000 million yen (Fiscal 2006) [Reference:Location of Crézancy Plant]

Forging from Crézancy

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