CORPORATE NEWS
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08-Jul-2008
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NSK Holds Ground-Breaking Ceremony for Independent Research and Development Body in China
NSK Ltd. celebrated the start of construction of NSK (China) Research and Development Co., Ltd. (Kunshan City, Suzhou Province, with a ground-breaking ceremony, held on July 8, 2008. Attendees included President Asaka, Vice-President Hisashi Machida, President and CEO of NSK China Shinichiro Takahashi, and numerous local officials and dignitaries. The facility is scheduled for completion during the summer of 2009.
The current China Technology Division was originally developed in December 2003, serving as a technology base for NSK’s Kunshan plant, a critical production arm of our Chinese operations. Due to the rapid growth of the Chinese market, the facility will be relocated to NSK China R&D, and will expand the scope of its duties to provide basic research and technical support for NSK’s all product types (bearings, automotive components, linear motion products). The center will also respond to the specific needs of the Chinese market.
Since the 1960s, NSK has provided technical instruction to Chinese bearing manufacturers, and in 1995 established Kunshan NSK Co., Ltd in the suburbs of Shanghai, manufacturing ball bearings for use in electrical products. The company currently opens 9 plants in China, manufacturing a wide and varied product lineup that includes bearings and automotive components. NSK also has 10 sales branches across China and Hong Kong, and holds the No.1 share of the Chinese market among all bearing manufacturers
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29-May-2008
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A-NSK and DSI Contract Signing
Signing of Long-Term Agreement with Drivetrain Systems International (DSI) for supply of transmission products for use in the manufacture and assembly of their 6-speed transmission.
This newly developed Automatic Transmission is locally produced at DSI’s Albury facility and was first used by Ssangyong in the “Sports DualCab”, a vehicle currently available in Australia.
NSK Australia also supplies various other components to DSI for the locally produced 4-speed Automatic Transmission supplied to Ford Australia for use in the Falcon and Territory vehicles.
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15-May-2008
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New Deli - Rane NSK Steering Systems Ltd. (RNSSL) Opens Steering-Column Plant at Bawal, Haryana
To better serve its global customers’ rapidly growing vehicle production in the Delhi region, RNSSL, one of India’s leading steering-systems makers, today inaugurated a new, state-of-the-art production plant at Bawal, Haryana, 80 kilometers southwest of the nation’s capital. Today’s occasion was marked at the plant by a ceremony led by Mr. L. Ganesh, Chairman, Rane Group and Mr. M. Degawa, Director & Executive Vice President, NSK Ltd.
RNSSL has invested Rs. 377 million (US$7.5 million) in the new world-class facility with initial annual capacity to produce 200,000 electric-power steering systems for vehicle assembly plants in the region.
Completed in just eight months, the 3,600-square-meter plant offers a vast production area unobstructed by support pillars. Electricity needs have been reduced by maximizing the use of natural light and utilizing high-efficiency air-conditioning throughout the building. The plant’s state-of-the-art equipment has been built in Japan by NSK Ltd. The 2-hectare (5 acre) site in the Bawal Industrial Area offers ample space for ambitious expansion plans. With contracts for new business already in hand, RNSSL plans several phases of additional investment. NSK has been associated with Rane in India since 1997
Established in 1997 as a 50/50 joint venture between Rane Group and Tokyo-based NSK Ltd., RNSSL produces:
• Energy-absorbing steering columns
• rigid steering columns
• tilt, telescopic & sliding steering columns
• intermediate shafts and joint assemblies
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15-May-2008
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NSK Japan Donates to Earthquake Victims in China
NSK Japan will donate a total of 30 million yen (approximately A$316,000) to provide aid to victims of the recent earthquake in Sichuan province and Central China, and to support the recovery effort in the area.
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28-Aug-2007
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NSK's Annual Report for FY2006 (Year Ended 31 March 2007) has been released
The Japanese economy recovered gradually in the fiscal year ended 31st March, 2007, backed by strong capital investments, although consumer spending weakened slightly. In the U.S. economic environment, consumer spending and capital investments increased. However, housing investments declined and economic expansion became moderate. Economies in Europe and U.K. exhibited steady recovery. In Asia, economy in countries such as Thailand and South Korea experienced gradual expansion, and the Chinese economy continued to grow.
As a result, we have posted record sales and income for the third consecutive year. Our consolidated nett sales for the year ended 31st March, 2007, totalled AU$8.150 Billion, a year-on-year increase of 14.1%. Our operating income increased by 46.6% year-on-year to AU$709 Million. Research and Development expenditure increased by 3.8% year-on-year to AU$114.8 Million.
Industrial Machinery Bearings :
Demand in the steelmaking equipment, machine tools, IT & Electrical and general machinery sectors remained high with Aftermarket sales rising as well, improving the nett sales by 10.6% over FY2005. Demand for products in wind turbines surged due to growing public awareness of environmental issues.
Automotive Products :
Sales of automotive bearings including hub unit bearings, standard ball bearings and needle roller bearings increased globally. Nett sales rose by 12.7% on FY2005. The launch of high-power electric power steering systems in Japan and Europe contributed substantially to this performance.
Precision Machinery and Parts :
Demand for products used in machine tools remained at a high level. Demand for products used in photo fabrication equipment for LCD displays substantially increased although demand for products used in semi-conductor and liquid crystal production entered an adjustment phase from the middle of FY2005. Despite this adjustment total nett sales rose by 18.1% over FY2005.
The full report is available for viewing and/or downloading in PDF format. The report can be found under 'Downloads' on our website.
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19-Sep-2006
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Building a new industrial machinery bearing plant in Fujisawa City, Kanagawa Prefecture
Increasing production volume as part of global growth strategy
NSK Ltd. announced that the company will construct a new manufacturing facility in Fujisawa City, Kanagawa Prefecture. The new manufacturing facility is part of the company’s
mid-term plan to reinforce its market presence in the roller bearing market segment and will be producing bearings for industrial machinery applications, such as steel equipment, machine tools, construction equipment, aircraft, robots and wind generators. Once completed, this facility is expected to increase the manufacturing volume from the current level of ¥60 billion to ¥80 billion in two years.
The year will mark the 90th anniversary of NSK Ltd. and the Fujisawa Plant has been the major production base throughout these 90 years. The new facility will be located in the Kirihara industrial area of Fujisawa City in Kanagawa Prefecture and will build on the experience of the Fujisawa Plant, the engineering expertise of the NSK Corporate Research & Development Center and the human resources of the prefecture.
NSK Ltd. plans to invest about ¥11.3 billion on the facility with an area of 15,000 square meters and will employ over 100 employees.
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29-May-2002
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NSK-RHP Takes the initiative in using Lead Free Greases
NSK UK has introduced a new, lead free extreme pressure grease (EP) for use in demanding applications with rolling element bearings. The introduction is the first step in a wider plan to remove lead totally from the range of greases which NSK uses in its bearing products. It is consistent with NSK’s objectives in health and safety issues, and is in the best interests of customers in helping to provide a healthier working environment.
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