NTN To Form Chinese Joint Venture For Automotive Bearings

13. Oct, 2010                                SHANDONG OBETTER BEARING CO., LTD
 

NTN Corp. said Tuesday it will set up a manufacturing joint venture with a Chinese bearing maker in February, investing 93.5 million dollars, or about 7.7 billion yen in the new company.

Ownership of the venture, to be located in Luoyang in central Henan Province, will be split 50-50 between NTN and Luoyang LYC Bearing Co.

 NTN will make its hub bearings at a Chinese joint venture. Production is scheduled to begin in October 2012. The factory will make hub bearings and needle roller bearings for use in the auto industry, aiming for 7-8 billion yen in annual sales in fiscal 2015. It is expected to employ about 200 workers to start.

Osaka-based NTN will count the venture as a consolidated subsidiary.

(The Nikkei Oct. 13 morning edition)

OSAKA (Nikkei)  NTN BEARING


Shandong Obetter bearing Company is a leading global supplier in the areas of bearings, mechatronics, services. We (OBT Group) are high-tech enterprise and professional manufacturer specicalized in ball bearing and roller bearing. we can produce non-standard bearing and machine parts as our customers request. we always follows the principles of "Good Faith, Equality, Cooperation and Win-Win" to cooperate with our customers.
For further information, please contact:
Company brand: OBT Bearing
Company Name: Shandong Obetter Bearing Co., Ltd
WebSite: www.obtbearing.com  
Tel/FAX:86-635-8511972
E-mail: obtbearing@163.com