News of NTN bearings japan

480 Published by admin Apr 13,2018

News of NTN bearings japan

NTN plans to produce driveshaft components in the United States in April to pursue GKN.

NTN bearings japan

According to the "Nikkei Shimbun" report, as the price of resources falls, the demand for industrial equipment in the United States declines. To fully utilize the facilities, the Japanese bearing supplier Enden (NTN bearings japan) plans to start operations in April. The United States produces key components for drive shafts.

NTN  bearings japan to Produce Driveshaft Components in the United States in April to Pursue GKN

NTN  bearings japan is the world’s fourth-largest manufacturer of ball bearings and has a factory that produces industrial machinery parts in Illinois. The group intends to allocate grinders and other equipment for its Illinois plant, which is expected to cost 3 billion yen (approximately US$2,640).

The new equipment will be used to produce a bearing housing that will allow the car axle to turn more smoothly. NTN currently imports this component mainly from Japan and China and plans to convert 70% of the production of bearing housing into US production by FY20/19.

NTN  bearings japan ranks second in the global bearing market and accounts for 20% of the global market share. The group hopes to increase its production efficiency in the United States and strives to catch up with the GKN Group, which is the leading UK bearing market.

This fiscal year, the Group’s bearing factories in Mexico and China are ready and will invest 10 billion yen (about US$88 million) to build a factory in Indiana. NTN also plans to increase its global production by 40% in the fiscal year 2015-2019; its axle business operating profit margin will reach 5% in FY17 (only slightly over 2% in FY2014).

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