NSK set to increase bearing production by 30% with €70 Million investment in new bearing factory at Fujisawa City, Japan
2 March 2007
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NSK Ltd. is set to increase its bearing production volume by 30% with the investment of more than €70 Million in a new industrial machinery bearing plant in Fujisawa City, Japan. Once complete, the new facility is expected to increase NSK’s manufacturing volume from the current level of €405million (¥60 billion) to €540 million (¥80 billion) in two years.
The new Fujisawa plant is a strategic element in NSK’s global growth strategy and is central to the company’s mid-term plan to reinforce its market presence in the bearing sector. The plant will extend to an area of 15,000 square metres and employ over 100 employees. Production is scheduled to start in January 2008, manufacturing bearings for industrial machinery applications, such as steel equipment, machine tools, construction equipment, aircraft, robots and wind generators.
This latest substantial investment in manufacturing coincides with NSK’s 90th anniversary: the company having produced bearings at its existing Fujisawa main production base since 1916. This tradition will continue with the new plant, which will complement existing manufacturing facilities and harness the engineering expertise of the NSK Corporate Research & Development Centre and the human resources of the Kanagawa Prefecture.
NSK – Company Information
NSK inaugurated its business in 1916 and produced the first ball bearings made in Japan. Since then, NSK Ltd. has developed a full range of bearings, which have been sold throughout the world, and has contributed greatly to the development of industries and the advancement of technology.
NSK has used its expertise in precision machining technology, refined through years of bearing manufacturing, to diversify into automotive products, precision machinery and parts, and mechatronic products. Since the 1960's, NSK Ltd. has been aggressively developing its overseas markets. At present, the company has overseas sales operations in 25 countries and operates more than 30 international manufacturing locations.
Contact for reader enquiries: Mary Fletcher, Marketing Communications Dept, NSK UK Ltd, Northern Road, Newark, Notts. NG24 2JF. Tel: 01636 – 605123
E-mail: info-uk@nsk.com Website: www.eu.nsk.com
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