China: THK Establishes Plant in Wuxi
THK——the largest LM guide way manufacturer of the world, established a new plant in Wuxi, Jiangsu Province, China. On 26th March 2004,New District of Wuxi and THK signed the selling contract of land and business license was awarded to THK simultaneously.
THK shares 60% market of LM guide way in the world, which is widely used in precision machinery spare parts on semiconductor, medical apparatus and instruments etc.
It was learned that THK (Wuxi) Precision Industry Co., Ltd is the first LM guide way plant established by THK in China, also the7th plant of overseas.
The total investment is approximately $90 million; the first phase will covers 13,000 square meters. It will start at the end of April and ended in November, new lines will produces at the beginning of tomorrow year.
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