SKF invests in China - SKF doubles Dalian factory capacity and forms strategic partnership with Sinovel Wind Co. Ltd

1. Chairman of CBIA Welcomed Suzuki, Chairman of NTN in Beijing
... was joined by Mr. Shoji Kiko, Managing Director of NTN, Mr. Tetuya Kondon, President of NTN China Investment Co.,Ltd and Mr. Huang Chen, Senior Manager of Planning and Operation of NTN China Investment ...

2. China CJB Set up Four New Manufacturing Bases
In order to face market competition and achieve win-win, China Chongqing Changjiang Co., Ltd had set up four manufacturing bases from July 31 to Aug 3. The four new bases are: Automobile parts manufacturing ...

3. Wanxiang Group listed in 2009 China Top 500 Enterprises
On Sept. 5th, the list of  "2009 China Top 500 Enterprises" was issued on the 2009 China Top Enterprises Release Conference & China Large Enterprises Leadership Summit. Wanxiang Group ranked the No.128 ...

4. Patent applications continue rising in China: WIPO
The number of international patent applications continued to rise in China in the first half of 2009 despite the global economic crisis, the head of the World Intellectual Property Organization (WIPO) ...

5. China Jiangsu TWB Bearings Co., Ltd Inaugurate New Plant
On the morning of Sep. 7, China Jiangsu TWB Bearings Co., Ltd. inaugurated its new plant in Xishan Economic Zone,Wuxi City,Jiangsu Province.  Timken Group has established numbers of  related businesses ...

6. SKF China Industrial OE sales team hosted China Key Customer Executive Forum in Shanghai
In early August, SKF China Industrial OE sales team hosted China Key Customer Executive Forum in Shanghai. Representatives from management teams of about 20 SKF's key industrial OE customers attended the ...

7. Sinovel – China's number 1 in the wind power industry
Sinovel Wind Co., Ltd. is No.7 largest wind turbine manufacturer in the world and No.1 in China. Headquartered in Beijing, Sinovel has four manufacturing bases in Dalian, Jiangsu, Inner Mongolia and Gansu ...

8. GKN Extends China Joint Venture for 50 Years
... joint venture in China, Shanghai GKN Drive Shaft Company (SDS) was formed in 1988. Other Chinese partners in Shanghai GKN include SDIC Machinery & Light Industries Company and Bank of Communications Company. ...

9. SKF in China - SKF doubles Dalian factory capacity and forms strategic partnership with Sinovel Wind Co. Ltd.
... is to increase the manufacturing capacity for large and medium size bearings in China. This is in order to support the continuous business growth in China and other parts of Asia, especially in the areas ...

10. China Wind Power Equipment Manufacturing Overview
At present, China wind power equipment manufacturing industry has formed a production system covering blades, gear boxes, generators, towers and other main parts. Among which the blade and the turbine ...

11. China adjusts import tariffs policy to encourage innovation
China's government is adjusting its policies on imported technological equipment with the purpose of boosting domestic innovation and greater industrial restructuring and upgrading. Key components and ...

12. 12 Million Vehicles Were Expected to Be Produced in China in 2009
China is forecast to produce 12 million units of vehicles for the whole year of 2009, to set a record high, an official with the National Development and Reform Commission (NDRC), China, China's top economic ...

13. China Launches Differentiated Wind Energy Tariffs
China has instituted a new system of differentiated wind energy tariffs based on four wind energy zones. The move is the first in Asia since South Korea implemented a feed-in tariff program in 2005. China ...

NSK's Announcement of Establishment of a New Subsidiary in China

Tokyo, Japan, July 30, 2009 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) has announced that a decision was made by its Board of Directors on July 30, 2009 to establish a new subsidiary in China. Details are as follows:

1. Objective

NSK plans to establish a new production subsidiary in China in anticipation of growth in the market for precision machinery such as ball screws and linear guides in China and other emerging economies. Through this subsidiary, the company aims to expand its precision machinery business by supplying both the Chinese and global markets with high-quality, cost-competitive products in a timely and stable manner.

2. Outline of the subsidiary

The profile of the center is as follows:
The profile of the center is as follows:Company name Shenyang NSK Precision Co., Ltd.
Representative Shuichi Kobayashi, Chairman and CEO (Representative Director & President, NSK Kyushu Co., Ltd.)
Location Shenyang City, Liaoning Province, China
Date of establishment August 2009 (provisional)
Major operations Manufacture and sale of precision machinery, etc.
Number of employees Approximately 600
Capital 20 million dollars (approx. 2.2 billion Yen)
Equity investment ratio NSK (100%)
Plant scale The plant will have a ground area of about 70,000 m2 and a building area of about 36,000 m2 (provisional)
Start of operations April 2010 (provisional)

3. Outlook

The establishment of this subsidiary will have only a minor effect on the consolidated financial results for the current term.