2015
Merger of NTN Powder Metal Corporation and Nippon Kagaku Yakin, and the Company Name ChangeNovember 24, 2015
NTN Corporation (hereafter, NTN) hereby announces that its consolidated subsidiaries NTN Powder Metal Corporation and Nippon Kagaku Yakin Co., Ltd. will be merged on December 1, 2015 with the aim of improving its developmental capabilities for new products and increasing the speed of development. The resulting new company will change its name to “NTN Advanced Materials Corporation.”
NTN Powder Metal Corporation was established in Kanie Town located in Ama District, Aichi Prefecture in August 1966, and has been involved in the manufacture and sales of sintered products made from powdered metals. In recent years, the company successfully developed high-strength sintered products with major improvements made to fatigue strength and density. Nippon Kagaku Yakin Co., Ltd. was established in October 1947, and has been active in Kameyama City, Mie Prefecture with the manufacture and sales of sintered alloy products and magnetic material products required for voltage conversion and noise rejection of medical devices and industrial machineries. It joined the NTN Group from September, 2011.
With the merger of these two companies, NTN is aiming to complement their relative technologies and knowhow to strengthen its collective technical capabilities. With advances being made to autonomous driving technology, NTN is also focusing more on high value-added products such as next-generation unit products and module products for electric vehicles.
The new company “NTN Advanced Materials Corporation” will cover the manufacture and sales of composite material products, such as products that use powders and alloys made of powder, products that use carbon, and products that use high-molecular weight materials. Business efficiency will also be increased by consolidating the administration departments of both individual companies, and the development and manufacturing technologies of Nippon Kagaku Yakin will be maximized to expand sales by harnessing the business deployment capabilities of the NTN Group.
Overview of the new company
| (1) Company name | NTN Advanced Materials Corporation |
|---|---|
| (2) Line of Business | Manufacture and sales of composite material products |
| (3) Location | 101 Katsutaba, Kanieshinden, Kanie-cho, Ama-gun, Aichi Prefecture, Japan |
| (4) Representative | President Makoto Shiranami (to be appointed on December 1, 2015) |
| (5) Capital | 400 million yen |
| (6) Investment ratio | NTN Corporation 99.34% Okaya & Co., Ltd. 0.66% |
|
(7) Date of Merger
(Effective Date) |
December 1, 2015 |
Head office (planned) of the new company
“NTN Advanced Materials Corporation”
(current NTN Power Metal Corporation)
Reference
Composite Material Products
Composite material products using resins,
sintered metals and magnetic materials
Together with its main line of bearings and driveshafts, the NTN Group uses a wide range of materials such as resins, sintered metals and magnetic materials, as well as advanced technologies such as fluid hydrodynamic technology for the development of units and module products consisting of sliding bearings, and electrical and machine parts, and markets these as composite material products.
In addition to using materials such as resins, sintered metals and magnetic and fluid hydrodynamic technology by themselves, tribology and precision machining technologies are applied for their integration and composite use to create materials with new characteristics that meet market needs.
NTN Powder Metal Corporation
| Line of Business | Manufacture and sales of sintered products that use powdered metal |
|---|---|
| Location | Kanie-cho, Ama-gun, Aichi Prefecture |
| Representative | President Fuminori Satomichi |
| Capital | 400 million yen |
| Site area | Approximately 21,000 m2 |
| Total floor area | Approximately 9,500 m2 |
| History |
1966 Established as Toyo Bearing Powder Metal Co., Ltd.
1989 Changed its name to NTN Powder Metal Corporation
2008 Became a 100% subsidiary of NTN Corporation
|
Nippon Kagaku Yakin
| Line of Business | Manufacture and sales of powdered metal products and plastic molded products |
|---|---|
| Location | Nobono-cho, Kameyama City, Mie Prefecture |
| Representative | President Keisuke Fukuda |
| Capital | 100 million yen |
| Site area | Approximately 42,000 m2 |
| Total floor area | Approximately 13,000 m2 |
| History |
1947 Established in Osaka
2002 Production concentrated at the Mie plant
2011 Became a subsidiary of NTN Corporation (98%)
2012 Relocated head office to Kameyama City, Mie Prefecture
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