Ground-Breaking ceremony of the Timken-NSK joint venture in Suzhou

Resource from: NSK Site Likes:3132

Mar 14,2003

Ground-Breaking Ceremony of the Timken-NSK Joint Venture in Suzhou NSK Ltd. (NSK) and The Timken Company (Timken) today broke ground for their manufacturing joint venture, Timken-NSK Bearings (Suzhou) Co., Ltd. The agreement to form this joint venture was signed in April 2002. The mayor of Suzhou City, local government dignitaries, local business leaders and executives of both NSK and Timken were present at this ground - breaking ceremony. Ownership of the joint venture will be divided evenly between Timken and NSK with production scheduled to begin in 2004. Seiichi Asaka, President and Chief Executive Officer of NSK Ltd, remarked, “that a joint venture plant in China managed jointly by an American and Japanese company is still a case that is not very often seen. Timken, the leading bearing manufacturer in the United States, and NSK, the major player in Japan, will combine their leading-edge technologies to China, known for her highly-skilled population, and establish the most efficient taper roller bearing plant in the world.” Tapered roller bearings are used frequently for automotive applications such as transmissions and wheels. As many automakers in the world move their production facilities into Asia, especially into China, it has become important to be able to provide a stable supply of bearings at a reasonable price. This joint venture plant will utilize the technological strengths of both Timken and NSK to produce single-row tapered bearings. By reducing costs and increasing global competitiveness, the joint venture will be able to create additional value for our customers.

(NSK Site)

【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 Anshan Steel Bearing be out for leading bearing manufacturer
Next Timken enhances distribution efforts to China

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.