Start of Hydrodynamic Bearing Production in Thailand

With the start of its joint venture (in China) with Nidec Corporation (Nidec) for the production of fluid dynamic bearing (FDB) units, NTN Corporation(NTN) has decided to start production of sintered-alloy “hydrodynamic bearings”, which are a core part of FDB units, at it 100% owned subsidiary in Thailand, NTN Manufacturing Thailand, Co., Ltd (NMT).

NMT is proceeding with expanding its buildings for the start of hydrodynamic bearings and plans to complete this expansion in September 2002 and start production in December 2002. Plans are to supply the hydrodynamic bearing production at NMT primarily to the joint venture NTN - Nidec (Zhejiang) Corporation in China.

Outline of hydrodynamic bearing production

1 Production site: NTN Manufacturing (Thailand) Co., Ltd.
2 Location: Eastern Seaport Industrial Park, Rayon Province, Thailand
3 Start of operation: December 2002 (planned)
4 Building floor area: about 4,000 square meters
5 Investment: JPY1.3 billion total investment
6 Production Plan: Monthly production of 2 million units and gradual expansion to 5 million units as demand trends warrant.
7 Employment Plan: Initially about 160 persons; planned for expansion to 190 persons when monthly production reaches 5 million units