NSK to Restructure Production System for European Steering Business

Resource from: CBCC Likes:2958

Aug 04,2009

Tokyo, Japan, July 30, 2009 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) has announced the restructuring of its production network in Europe in order to further bolster the profitability its steering business. 1. Outline of production restructuring NSK plans to close the steering plant of NSK Steering Systems Europe Ltd. (NSSE) located in the United Kingdom and transfer and consolidate NSSE’s production lines to other steering plants, mainly NSK Steering Systems Europe (Polska) SP. Zo. O. (NSSP), which is located in Walbrzych, Poland, by the middle of 2010. Doing so will enhance the profitability of our European steering operations. NSSP will concentrate on the production of electric power steering (EPS) systems, which are experiencing a rise in demand, and will strive to meet the growing needs of the market by supplying high-quality, competitive EPS products. 2. Outline of the plants Peterlee Plant (NSSE) Location: Durham, U.K. Start of operations: 1989 Products: Steering products such as column type EPS Number of employees: Approximately 160 Walbrzych Plant (NSSP) Location: Walbrzych, Poland Start of operations: 2005 Products: Steering products such as column type EPS Number of employees: Approximately 490

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