TOKYO - Tuesday, June 5th 2012 [ME NewsWire]
(BUSINESS WIRE)-- NSK Ltd. (TOKYO:6471)(NSK) hosted an opening ceremony for Shenyang NSK Precision Co., Ltd., a precision machinery plant producing ball screws and linear guides, and Shenyang NSK Co., Ltd., the first plant outside of Japan producing large-sized bearings, on May 28, 2012 in Shenyang, Liaoning Province, China.
Dignitaries from China's central government, the province of Liaoning, and Shenyang city, and corporate customers from Japan, the United States and Europe attended the ceremony. "Within just two and a half years from the groundbreaking ceremony of Shenyang NSK Precision Co., Ltd in October 2009, we have completed two newly equipped factories," Norio Otsuka, the President and CEO of NSK noted. "With this achievement, we can produce top level high-performance products using leading manufacturing techniques and production technology for China's growing industrial machinery market."
NSK has expanded production with new facilities for Shenyang NSK Precision Co., Ltd., and Shenyang NSK Co., Ltd. in Shenyang, Liaoning Province, which the Chinese government has been intensively developing. This will allow NSK to provide products in a timely manner and in response to the demand driven by the rapid expansion in China.
NSK is the world's only company to manufacture and develop industrial machinery bearings and precision parts. By increasing sales in the industrial machinery business based on the growing demand for heavy industry in China, and expanding business in China based around the growth of the automotive business, NSK has set a goal to double sales in China to over twice the current amount to 200 billion yen by 2016.
1. Background and objectives of both plant openings
・In the high economic growth region of China -
1) Respond to increasing demand for large bearings for the industrial machinery market in terms of infrastructure, environment, and resources 2) Respond to increasing demand for ball screws for China's machine tool market, the world's largest production country. 3) Respond to the needs of domestic production in China through cost competitiveness, short delivery times, quality assurance, risk avoidance of exchange rate fluctuations.
2. Production center summary
(1) SHENYANG NSK PRECISION CO., LTD
(1) Address: No.7, 15 Street, Shenyang Economic & Technological Development Area, Shenyang, Liaoning, China (2) Business areas: Manufacture and sales of precision machinery products
(2) SHENYANG NSK CO., LTD
(1) Address: No.5, 15 Street, Shenyang Economic & Technological Development Area, Shenyang, Liaoning, China (2) Business areas: Manufacture and sales of large sized bearings
3. About NSK in China
NSK Ltd. currently operates in 13 countries worldwide, with 62 locations (NSK Group). NSK has been ahead of the competition providing technical assistance for state-run business while expanding its production base to 12 production centers. This latest plant in Shenyang puts in place an all-encompassing production system of industrial machine bearings, automotive products, and precision machinery products, enabling NSK to supply high quality products that respond to needs in the market. With 20 sales locations covering the whole of China and enhanced product after-service, NSK is an industry insider in China and a promoter of the use of local materials and human resources. By responding to the needs of the Chinese market, NSK aims to be the number one brand in China.
Contacts
NSK Co., Ltd.
Makiko Urushino, +81-3-3779-7614
Public Relations Dept.
urushino@nsk.com
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