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December 2, 2010

NTN Establishes New Company to Manufacture Bearings for Industrial Machinery (NTN NOTO Corporation)


NTN Corporation (hereafter, NTN) has decided to establish NTN NOTO Corporation in Hakui-gun, Ishikawa Prefecture, Japan to manufacture and sell bearings for industrial machinery.

1. Purpose of establishing the new company

As part of NTN's new growth strategy, the company is accelerating its business strengthening aimed at emerging markets, where demand is rapidly expanding, and industrial machinery. At this time NTN has decided to establish a new company in the Noto district of Ishikawa Prefecture to expand and strengthen production capacity for bearings for industrial machinery.
The new company will manufacture various types of bearings used in construction machinery and in industrial machinery for wind power generation, steel, and mining. The new company will serve as a base for shipping to the Asian market with a focus on China and to other parts of the world in order to expand sales.
In the same district, NTN has already established NTN HAKUI Corp., NTN HOUDATSUSHIMIZU Corp., and NTN SHIKA Corp. to boost the company's production system for extra large bearings used in industrial machinery. By establishing NTN NOTO Corp., NTN is positioning the district as one large production center for bearings for industrial machinery, and is speeding up business expansion.

2. Future plans

After the new company is established in December 2010, the operation will start in April 2012. The operation will begin with approximately 90 employees, but this number will be increased as business expands in industrial machinery bearings.

3. Outline of the new company

(1) Company name   NTN NOTO CORPORATION
(2) Line of business   Manufacture and sales of bearings and machine parts for industrial machinery
(3) Location   Wakabadai, Shika-machi, Hakui-gun, Ishikawa prefecture (Noto Industrial Park), Japan
(4) Representative   Shigeaki Deguchi, President
(5) Registered capital   2.5 billion yen (NTN: 100%)
(6) Total investment   Approx. 8.0 billion yen (provisional)
(7) Establishment   December 2010 (scheduled)
(8) Start of operation   April 2012 (scheduled)
(9) Site area   Approx. 106,500 m2
(10) Total floor area   Approx. 15,000 m2
(11) Anticipated sales   Approx. 12 billion yen (in fiscal 2015)
(12) Employees   Approx. 90, initially
NTN NOTO Corporation (image)
NTN NOTO Corporation (image)

[Reference]

NTN Corporation:

Head office location   1-3-17, Kyomachibori, Nishi-ku, Osaka, Japan
Representative   Yasunobu Suzuki, Chairman and CEO
    Hirotsugu Mori, President
Incorporated   March 1934 (Founded: March 1918)
Capital   54.3 billion yen
Employees   17,959 (consolidated, as of March 2010)
Sales   452.7 billion yen (consolidated, for FY2009)
Line of business   Production and sales of bearings, constant velocity joints, precision equipment, etc.


[Inquiries about this release]

Corporate Communications Department
NTN Corporation
TEL: +81-6-6449-3579
FAX: +81-6-6443-3226

[Contact on site]

Ms. Omote
General Affairs
NTN NOTO Corporation
TEL: +81-767-38-8020
FAX: +81-767-38-8022

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