NSK Forecasts 62% Profit Increase for 2003-Bearing News

NSK Ltd. (Japan) said it now expects to report strong earnings for fiscal 2003, up 62% to ¥ 11 billion over 2002. While corporate-wide sales for the year ending March 31, 2004 are expected to come in flat overall, NSK indicated the bearing-related segments of its business generally outperformed the others. The company said continued strong demand from auto manufacturers for bearings is now being accompanied by improving demand for industrial bearings.

(www.ebearing.com)

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