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Social and
Environmental Report |
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News Release |
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News Release:
2001
| NSK are implementing emergency measures to restore the sharply deteriorating earnings potential, centered in the precision products business, after having been badly affected by the collapse of the IT bubble and the simultaneous recession of the world's economy. At the same time, we have established the schemes for business restructuring programs and shall proceed urgently with their execution. |
| NSK has succeeded in developing a longer life bearing for continuous caster guide rolls. This new bearing, called the Super Wear-Resistant (SWR™) Bearing, has more than twice the bearing life compared to a conventional one. |
| NSK Ltd. (President and CEO Tetsuo Sekiya) and The Timken Company (Canton, OH. U.S.A.) have reached an agreement to jointly supply tapered roller bearing products and services to Toyota Motor Corporation and its affiliates. |
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