Nanjing NTN bearings, NTN invest three hundred million yen plant in India

       2010.11.05, sales center in Nanjing NTN Bearing NTN distributor in China until we learn from the Japanese NTN Corporation plans to invest three hundred million yen building a second home in India, bearing factory, mainly produces constant velocity joints and axle bearings to meet local and Asia automobile manufacturers demand.

       Japan NTN construction in India's second bearing in the southern city of Chennai, India, on the outskirts of the construction of the new plant is expected to start from the tapered bearing of March next year, the initial investment of about 300 million yen (equivalent to $ 3,700,000). Meanwhile, the plant is expected to start from April 2012 mass production of constant velocity joints and axle bearings. After the completion of the new plant is expected to NTN's sales in India will be 5 times the original, that is, from 2009 ¥ 4 billion for fiscal year 2015 financial year rose to 200 billion yen.

       Currently, NTN's existing plant in India is located in a northern Haryana. In India NTN Bearing Factory and then Stainless steel slewing bearing 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 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.