NSK acquires NTN's ball screw business

Resource from: From eBearing.com Likes:3069

Apr 29,2003

NSK Ltd. (Japan) announced it is acquiring the ball screw business from NTN Corporation (Japan). Precision ball screws are used in applications such as machine tools, plastic and rubber injection molding equipment, and automotive applications. According sources contacted by eBearing, NTN has long wanted out of the ball screw business -- a money-losing operation with only minimal market presence. NSK, a leading ball screw manufacturer, has wanted to improve its market penetration -- especially since SKF acquired FAG's CBSSB business as a condition of being taken over by INA. NSK will reportedly pay ¥800 million (USD $6.6 million) for the business, including production facilities in Nagano. The acquisition also includes all of NTN's ball screw testing equipment. Not included are NTN's automotive ball screw actuators, technical affiliations, or commercial licensees. The acquisition is expected to be complete by fourth quarter 2003.

(From eBearing.com)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous NN reports first quarter sales and earnings both up sharply
Next FAG Bearings India reports strong results for 2002

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.