Home > BLOG > NTN in February next year and a Chinese bearing manufacturer to establish a joint venture company

NTN in February next year and a Chinese bearing manufacturer to establish a joint venture company
2013-11-18 by seoer4

Currently, NTN's existing plant in India is located insuper-precision bearing a northern Haryana. In India NTN Bearing Factory and then building a second home for your local Toyota, Renault and other car manufacturers supply auto parts.According to NTN China introduced, NTN in February next year and a Chinese bearing manufacturer to establish a joint venture company. The new company investment will reach $ 93.5 million, equivalent to 7.7 billion yen. The new company will be built in Luoyang, Henan Province, NTN Bearing Corporation Luoyang LYC Bearing Company and each holds 50% ownership. NTN will adopt the joint venture to produce automotive wheel bearings. Is expected to Hydrodynamic Bearing start production in October 2012. The new plant will produce for the automotive industry, wheel bearings and needle roller bearings, fiscal year 2015 sales are expected to reach 70 to 8,000,000,000 yen.