NSK's Announcement of Establishment of a New Subsidiary in China

Resource from: CBCC Likes:2915

Aug 04,2009

NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) has announced that a decision was made by its Board of Directors on July 30, 2009 to establish a new subsidiary in China. Details are as follows: 1. Objective NSK plans to establish a new production subsidiary in China in anticipation of growth in the market for precision machinery such as ball screws and linear guides in China and other emerging economies. Through this subsidiary, the company aims to expand its precision machinery business by supplying both the Chinese and global markets with high-quality, cost-competitive products in a timely and stable manner. 2. Outline of the subsidiary

3. Outlook The establishment of this subsidiary will have only a minor effect on the consolidated financial results for the current term.

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