JTEKT to Acquire 100% Stake in Toyo Seimitsu
JTEKT Corporation, a manufacturer and seller of steering systems, driveline components, bearings, machine tools, electronic control devices, home accessory equipment, has agreed to acquire 100% stake in Toyo Seimitsu Industry Co., Ltd., engaged in manufacturing of differential gears, from Toyota Motor Corporation. All companies involved in the transaction are based in Japan.
JTEKT was formed by the merger of Japan-based Koyo Seiko and Toyoda Machine Works on 1 January 2006.
In the Toyota Group's current driveline operations, Toyota, JTEKT, and Yutaka Seimitsu share responsibilities for development and production of each driveline component, with Toyota and Yutaka Seimitsu responsible for differential gears and JTEKT responsible for torque control devices (electronically controlled 4WD couplings).
Toyota is consolidating its supply chain in driveline components and divesting some operations.
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.
Next Schaeffler AG (FRA:SHA) Given Average Recommendation of “Hold” by Brokerages
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.
