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Establishment of a Joint-Venture Company to Promote Recycling of Grinding
Swarf
NTN Corp., Noritake Co., Ltd., and Nicotec Co., Ltd., have cooperated
in the joint development of a “compact oil-based grinding coolant
swarf solidification device” and have established a joint venture
to manufacture and widely sell this device.
NTN Corp. has developed the technology for efficiently separating grinding
oil from grinding swarf (cutting waste made up of fine metal particles
and grinding coolant) and forming metal briquettes without using any hardening
agents. The process separates out the grinding coolant for reuse by the
purchasers of the device, and the briquettes formed from the recovered
solids become a raw material asset for making new metal. In order to promote
the use of this technology, NTN Corp., Noritake Co., Ltd., and Nicotec
Co., Ltd., have jointly developed a “compact oil-based grinding coolant
swarf solidification device” which is 1/3 smaller than similar devices
already on the market. This equipment may also be used to successfully
treat metal swarf separated from water-based grinding coolants.
There are also plans to initiate a recycling service which will introduce
purchasers of the “compact oil-based grinding coolant swarf solidification
device” to sources which will transport and recycle the metal briquettes.
For the present, sales of this device will focus on domestic manufacturers
who require processing of grinding swarf, but there are also plans for
future sales overseas.
[Outline of Joint Venture]
| 1. Business: |
Manufacture and sales of compact oil-based grinding
swarf solidification device |
| 2. Name: |
Unitop Corporation |
| 3. Capital: |
50 million yen |
| 4. Equity Participation Ratios: |
| |
| NTN Este Co., Ltd.: |
0% (NTN Este Co., Ltd. is a 100%-owned subsidiary of NTN.) |
| Noritake Machinery & Engineering Co., Ltd.: |
| |
15% (Noritake Machinery & Engineering Co., Ltd. is a 100%-owned
subsidiary of the Noritake Co., Ltd.) |
| Nicotec Co., Ltd. |
5% (Nicotec Co., Ltd. is a 100% - owned subsidiary of the
Amada Group.) |
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| 5. Date of Establishment: |
Beginning of May 2002 (planned) |
| 6. Start of Sales: |
Middle of May 2002 (planned) |
| 7. Base of Activity: |
Kuwana City, Mie Prefecture |
| 8. Annual Business Forecast: |
1 billion yen (after 5 years) |
(Reference)
1. Superior performance
| (A) |
1/3 smaller size |
| (B) |
Requires no hardening agent or other additives for solidification. |
| (C) |
Makes briquettes of grinding swarf separated from oil-based coolants,
which is more difficult to solidify, or also with grinding swarf from
water-based coolants. |
2. Merits of introducing this device
| (A) |
Cost reduction through re-use of oil-based grinding coolant
- Oil recovery ratio from swarf - 90% or higher
- Cost saving: *100,000 yen /ton (NTN estimate)
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| (B) |
Reduction in volume of industrial waste for disposal
- Reduction of up to 80% by volume and 45% by weight
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| (C) |
Reduction in industrial waste processing costs
- Waste material transport and landfill costs reduced because
of the reduction in weight and volume.
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3. Sales price: Approximately 8 million yen
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