2011

NTN Corporation (hereafter, NTN) has decided to establish a new company, “Nanjing NTN Corporation (hereafter, Nanjing NTN)” in Nanjing, Jiangsu province, China, for the production of industrial machinery bearings.

1. Purpose of establishing the new company

NTN is increasing its presence in growing markets around the world and expanding its industrial machine business as part of the three-year medium-term management plan “Global Advance 2013” announced in April this fiscal year, under the “at local sites, with local materials by local personnel” policy.

Eight production bases have been established in China so far, including “Shanghai NTN Corp.”, “Guangzhou NTN-Yulon Drivetrain Co., Ltd.” and “NTN-LYC (Luoyang) Bearing Corp.” as part of efforts to increase production of bearings for automobiles and constant velocity joints.

The new Nanjing NTN company will feature a comprehensive production system for industrial machinery to meet increased demand for wind power generation, construction machinery and equipment for steel production in the Chinese market.

NTN is expanding its industrial machinery business within China with an integrated sales, production and technology framework, and achieving this by building on and strengthening its sales and technical development, and local production of large and extra large bearings for industrial machinery.

2. Future plans

Nanjing NTN will be established in September 2011, with production planned to begin from October 2012.
The new company will start operating with approximately 400 employees, with plans for the gradual expansion to 1,200 employees by FY2015.

3. Overview of the new company