NSK to save 14bn yen by streamlining production

Resource from: asia.nikkei.com Likes:300

Aug 16,2016

TOKYO -- Japan's largest bearing producer, NSK, plans to realize 14 billion yen ($138 million) in annual savings by fiscal 2018 via rationalizing production in its industrial machinery segment. To this end, the company will build a new factory on the premises of the Kirihara plant in Fujisawa, Kanagawa Prefecture. Construction will begin this month, with the facility slated to go operational in fiscal 2017. Integrated grinding machinery that can simultaneously process various parts of a bearing will trim processing and delivery times. This will enable the manufacturer to better accommodate customers who need products faster. Labor costs will also go down. Production of bearings for such large industrial equipment as wind turbines and railways will move to this new location from another plant in Fujisawa. Sales of bearings for industrial machinery came to 218.1 billion yen for the year ended in March, with the Fujisawa factories contributing an estimated 70 billion yen. The aim is to generate savings equivalent to 20% of the facilities' annual sales in three years. While restructuring will cost approximately 10 billion yen, streamlining will help offset depreciation costs from the investment. Under its medium-term management plan through fiscal 2018, NSK aims to regain competitiveness to combat the rise of European and Chinese competitors. The new factory will be key to achieving this goal.

(asia.nikkei.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 CTI Industries Corporation Receives Purchase Orders for 167,000 Vacuum Sealing Machines -- Order Value of $7.85 Million
Next Comet Solutions Announces Distribution Agreement with Romax Technology

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.