The world's leading bearing manufacturer NTN Corporation Japan, a total investment of $ 1 billion project precision bearings 8 in Nanjing, the factory will produce medium, large,brass bushing oversized bearings, high-speed rail into China, urban rail and wind power markets.
The same day, Japan NTN Corporation (NTN Corporation) and the Nanjing Economic and Technological Development Zone in Nanjing Zijin Hill signed investment agreement NTN precision bearings. NTN Corporation will be set up in Nanjing Economic and Technological Development Zone, Nanjing,plain bearing NTN Precision Electromechanical Co., Ltd., the production of wind power generation, special machinery, rail vehicles bearing products.
"This is the first overseas NTN bearing a large production base." NTN (China) Investment Co., Ltd. (NTN (China) Investment Corporation) Tetsuya Kondo, Chairman (Chairman Tetsuya Kondo) said. The project total investment of 100 billion dollars, an investment $ 290 million, plasic bushing registered capital of 120 billion dollars, the largest Japanese investment in Nanjing is currently owned enterprises. Project is expected to put into operation in January 2012, put into operation can produce about 3 billion in annual output value and three billion in annual revenue in 2016 achieved sales of $ 1.6 billion target.
Founded in 1918, NTN Corporation of Japan is the world's leading integrated manufacturer of precision machinery, mainly engaged in the manufacture and sale of bearings, constant velocity joints, precision machinery and equipment and other products, is the world's third bearing producers,Mould guide plate the production of wheel hub bearing market share of the world first, CVJ (Constant Velocity Joint) accounted for second in the world, bearing the third of the world, sales, DU bushing production, R & D network around the world 27 countries, 170 locations.
NTN in China's existing eight production sites and sales offices, manufacturing, small diameter, bearing a few centimeters, used cars, small machinery and equipment. As the need for high-end manufacturing of large bearing manufacturing technology, large-scale production of NTN bearings from Japan to dispatch technical personnel to guide the new plant in Nanjing. The accompanying large-scale manufacturing, large companies set up new bearings, NTN has accelerated in China's domestic production, sales, technology integration industry model to start. China Bearing Industry Association executive vice president Wang Quanqing said, very pleased to see NTN bearing production in China established a large base, the new plant will be formed with the Chinese bearing industry relations of both cooperation and competition, so as to promote transformation and upgrading of China's bearing industry.