July 10, 2012
Announcement of Construction of New Plant NTN Shika Corporation
NTN Corporation (hereafter, NTN) hereby announces that it will construct a new plant at NTN Shika Corporation to increase production capacity of high-precision forged products for large bearings and industry machinery.
1.Aim of construction of the new plant
NTN has been expanding business in growing markets, and also focusing on the industrial machinery business in various countries, in line with the “Global Advance 2013” three-year medium-term management that began in April 2011.
In addition to starting new production in China for completed products of bearings for industrial machinery, efforts are being made to increase local production capacity in Europe and America. Production capacity has also been increased in the Noto region of Ishikawa Prefecture in Japan as part of moves to increase risk diversion.
NTN Shika Corporation has adapted proprietary technology obtained from Hakui Maruzen Co., Ltd., which has a range of advanced technology in its possession, to supply high-precision forged products for large bearings used in various types of industrial machinery, and rings used in construction machinery.
Constructing the new plant adjacent to the existing plant will increase production capacity of high-precision forged products as a means of meeting increased demand for large bearings around the world, as well as expanding sales to construction machinery manufacturers and new customers.
Construction of the new plant will begin in July 2012, with product planned to start from September 2013.
3.Overview of NTN Shika Corporation
|(1)Location||:||5-58-2 Horimatsu, Shika-machi, Hakui-gun, Ishikawa Prefecture, Japan|
|(2)Representative||:||Michio Iihara, President|
|(4)Line of business||:||manufacture and sales of forged products for large bearings, construction machinery and others|
|(5)Site area||:||approximately 127,500m2|
|(6)Total floor area||:||approximately 3,360m2 (new plant)|
|(7)Employees||:||10 planned (new plant)|
New plant (right) Image
Example of use of high-precision forged products manufactured at NTN Shika Corporation