NTN Establishes New Company for Industrial Machinery Bearings in Nanjing, China
Resource from: NTN Likes:3071
Aug 29,2011
(August 29, 2011)
NTN Corporation (hereafter, NTN) has decided to establish a new company, “Nanjing NTN Corporation (hereafter, Nanjing NTN)” in Nanjing, Jiangsu province, China, for the production of industrial machinery bearings.
1. Purpose of establishing the new company
NTN is increasing its presence in growing markets around the world and expanding its industrial machine business as part of the three-year medium-term management plan “Global Advance 2013” announced in April this fiscal year, under the “at local sites, with local materials by local personnel” policy.
Eight production bases have been established in China so far, including “Shanghai NTN Corp.”, “Guangzhou NTN-Yulon Drivetrain Co., Ltd.” and “NTN-LYC (Luoyang) Bearing Corp.” as part of efforts to increase production of bearings for automobiles and constant velocity joints.
The new Nanjing NTN company will feature a comprehensive production system for industrial machinery to meet increased demand for wind power generation, construction machinery and equipment for steel production in the Chinese market.
NTN is expanding its industrial machinery business within China with an integrated sales, production and technology framework, and achieving this by building on and strengthening its sales and technical development, and local production of large and extra large bearings for industrial machinery.
2. Future plans
Nanjing NTN will be established in September 2011, with production planned to begin from October 2012.
The new company will start operating with approximately 400 employees, with plans for the gradual expansion to 1,200 employees by FY2015.
3. Overview of the new company
(1) Company Name NANJING NTN CORPORATION
(2) Business Details Manufacture and sales of bearings for industrial machinery, machine tools and related parts
(3) Location Nanjing Economic and Technical Development Zone, Nanjing City, Jiangsu, China
(4) Capital Approximately 10 billion yen
Nanjing NTN Corporation (rendering)
(5) Total Investment Approximately 15 billion yen
(6) Established September 2011 (planned)
(7) Start of Production October 2012 (planned)
(8) Site Area Approximately 360,000 m2
(9) Total Floor Area Approximately 66,000 m2
(10) Employees Approximately 1,200 (FY2015)
[Reference]
Bearings produced at Nanjing NTN:
Various ball bearings and roller bearings for use with wind power generation, construction machinery, equipment for steel production and general industrial machinery.
Bearings include medium, large and extra large units ranging from 10 cm to 2 m in outer diameter size.
Production Bases in China:
[Reference]
Bearings produced at Nanjing NTN:
Various ball bearings and roller bearings for use with wind power generation, construction machinery, equipment for steel production and general industrial machinery.
Bearings include medium, large and extra large units ranging from 10 cm to 2 m in outer diameter size.
Production Bases in China:
(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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