Ground-breaking Ceremony at NTN Akaiwa Corporation
Resource from: NTN Likes:3038
Aug 08,2011
(August 8, 2011)
NTN Corporation (hereafter, NTN) held a ground-breaking ceremony on August 4 in Akaiwa-shi, Okayama Prefecture to commemorate the start of construction of the new company NTN Akaiwa Corporation (hereafter, NTN Akaiwa).
A number of distinguished guests were invited to the groundbreaking ceremony, including Governor Ishii of Okayama Prefecture and Mayor Inoue of Akaiwa-shi, where NTN called for the safe construction and smooth launch of the new company. Governor Ishii offered his greetings, adding that “NTN is a major force in leading the Japanese economy, and we look forward to seeing the company grow rapidly with Okayama Prefecture as its base for economic development”. Mayor Inoue welcomed the new company, saying “we would like to see cutting-edge products manufactured right here in Akaiwa-shi, Okayama Prefecture sent around the world”.
NTN Chairman Suzuki offered his own greetings at the ceremony, stating that “embarking on “monozukuri” utilizing the latest manufacturing technology here at NTN Akaiwa will help speed up business expansion within Okayama, and I believe that the new company will contribute to the industrial and economic development of the region”.
Overview of the NTN Akaiwa Corporation:
(1) Company Name NTN AKAIWA CORPORATION
(2) Established September 2008
(3) Capital 100% owned by NTN
(4) Business Details Manufacture and sales of general bearings for automobiles and industrial machinery
(5) Location 100-43 Tsurui, Akaiwa-shi, Okayama Prefecture, Japan
(6) Site Area Approximately 66,000m2
(7) Total Floor Area Approximately 16,000m2 (single-story building (some two-story sections))
(8) Total Investment Approximately 10 billion yen (planned)
(9) No. of Employees Initially approximately 160 (planned)
(10) Start of Construction August 2011
(11) Start of Operations August 2012 (planned)
Aim of Establishment:
NTN has set goals for further expansion as part of efforts to reach 1 trillion yen in sales by FY2017, the company's 100th anniversary. To achieve this the “Global Advance 2013” three-year medium term management plan was launched in April this year.
Recovery and increases in demand in automobiles and industrial machinery around the world mean the demand for various types of bearings is also on the rise. NTN is focusing efforts on business in these growing markets and speeding up measures to increase production capacity around the globe.
Construction of plants that form NTN Akaiwa had been delayed since the global financial crisis triggered by the collapse of Lehman Brothers in September 2008, however embarking on “monozukuri” utilizing the latest manufacturing technology the newly constructed NTN Akaiwa will help increase production capacity to meet growing global demand, while also ensuring better risk diversification.
NTN Chairman Suzuki offered his own greetings at the ceremony, stating that “embarking on “monozukuri” utilizing the latest manufacturing technology here at NTN Akaiwa will help speed up business expansion within Okayama, and I believe that the new company will contribute to the industrial and economic development of the region”.
Overview of the NTN Akaiwa Corporation:
(1) Company Name NTN AKAIWA CORPORATION
(2) Established September 2008
(3) Capital 100% owned by NTN
(4) Business Details Manufacture and sales of general bearings for automobiles and industrial machinery
(5) Location 100-43 Tsurui, Akaiwa-shi, Okayama Prefecture, Japan
(6) Site Area Approximately 66,000m2
(7) Total Floor Area Approximately 16,000m2 (single-story building (some two-story sections))
(8) Total Investment Approximately 10 billion yen (planned)
(9) No. of Employees Initially approximately 160 (planned)
(10) Start of Construction August 2011
(11) Start of Operations August 2012 (planned)
Aim of Establishment:
NTN has set goals for further expansion as part of efforts to reach 1 trillion yen in sales by FY2017, the company's 100th anniversary. To achieve this the “Global Advance 2013” three-year medium term management plan was launched in April this year.
Recovery and increases in demand in automobiles and industrial machinery around the world mean the demand for various types of bearings is also on the rise. NTN is focusing efforts on business in these growing markets and speeding up measures to increase production capacity around the globe.
Construction of plants that form NTN Akaiwa had been delayed since the global financial crisis triggered by the collapse of Lehman Brothers in September 2008, however embarking on “monozukuri” utilizing the latest manufacturing technology the newly constructed NTN Akaiwa will help increase production capacity to meet growing global demand, while also ensuring better risk diversification.
(NTN)
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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.
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