2010
NTN Establishes New Company to Manufacture Bearings for Industrial Machinery (NTN NOTO Corporation)December 2, 2010
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. 106,500m² |
| (10) Total floor area | Approx. 15,000m² |
| (11) Anticipated sales | Approx. 12 billion yen (in fiscal 2015) |
| (12) Employees | Approx. 90, initially |
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. |