NSK to Spend 10 Billion yen on Production in China

Resource from: CBCC Likes:2916

May 25,2010

NSK Ltd. (6471 JT): The bearing maker will spend 10 billion yen to set up a unit in Shenyang in China to make large roller bearings. NSK plans to begin production in December, according to a statement. The stock fell 1.5 percent to 649 yen. The unit will have the totally investment of NSK and mainly manufacturers and sells large size bearings. The total investment will be more than 100 million USD, in which the investment in the first phase will be 75 million USD. The unit is predicted to be established in July, 2010 and be put on stream in December, 2010. The first register capital will be 3 billion yen (about 200 million yuan). It will take an area of 80, 000 square meters with the residential area of 20,000 million square meters. It also can provide 300 jobs (100 in the early period). The investment of NSK this time in the establishment of plant in Shenyang indicated that NSK has highly stressed the Chinese market and take it as the beginning of expanding Chinese market.

(CBCC)

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