NSK to expand bearing manufacturing operations in Japan
Ann Arbor, MI -- NSK Ltd. plans to build a new manufacturing facility in Fujisawa City, Kanagawa Prefecture, 50 km ...
Ann Arbor, MI — NSK Ltd. plans to build a new manufacturing facility in Fujisawa City, Kanagawa Prefecture, 50 km outside of Tokyo, Japan.
The new manufacturing facility is part of the company’s mid-term plan to reinforce its market presence in the market and will produce bearings for industrial machinery applications, such as steel equipment, machine tools, construction equipment, aircraft, robots and wind generation.
Once completed, the facility is expected to increase the manufacturing volume from the current level of US$500 million to $700 million in two years.
NSK plans to invest nearly $100 million on the facility, which will have an area of 15,000 sq m and will employ over 100 employees. Production is expected to start in January of 2008.
NSK is the world’s second largest bearing manufacturer, employs over 20,000 people worldwide, has more than 47 global manufacturing facilities and over 100 sales operations, operates 13 technology centres and produces and distributes over 100,000 different types of bearings, linear motion and automotive component products.