NTN To Form Chinese Joint Venture For Automotive Bearings
NTN will make its hub bearings at a Chinese joint venture. Production is scheduled to begin in October 2012. The factory will make hub bearings and needle roller bearings for use in the auto industry, aiming for 7-8 billion yen in annual sales in fiscal 2015. It is expected to employ about 200 workers to start.
Osaka-based NTN will count the venture as a consolidated subsidiary.
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