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Social and
Environmental Report |
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News Release |
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News Release
| NSK Ltd. ("NSK") and Seiko Instruments, Inc. ("SII", President Junichi Hattori) have agreed that NSK will acquire capital in SII's subsidiary Seiko Instruments Thailand Ltd. ("SIT"), which manufactures and sells pivots for hard disk drives ("HDD"), fluid dynamic bearing ("FDB") parts, small-size ball bearings and other products. NSK will purchase from SII 50% of the issued and outstanding shares of SIT |
| NSK, Ltd. ("NSK") announced it has acquired the Vacuum-related Products Business Division of Yasukawa Controls, Co., Ltd. (President: Masaki Komiyama), a bearing supplier specializing in the development, manufacture, and distribution of bearings for vacuum environments. This will solidify NSK's business infrastructure through production, marketing, and technology, and will reinforce its special environment business. |
| NSK, After NSK exhibited its ROBUST™ Series super-high-speed precision angular ball bearings for main machine tool spindles at the 19th JIMTOF (Japan International Machine Tool Fair) in October 1998, the product has been well-received by more than 20 leading machine tool manufacturers. NSK proudly announces the successful development of super-high-speed cylindrical roller bearings, a dramatic enhancement of the ROBUST Series. |
| NSK has won the Technical Development Award of the 50th Convention of the Society of Automotive Engineers of Japan, Inc., judged and presented by members of the society. The award ceremony was held at Pacifico Yokohama on Thursday, May 25, 2000. |
| NSK Ltd. ("NSK") has won the 1999 Automotive Shareholder Value Award, jointly awarded by Automotive News, a popular U.S. automotive industry newspaper, and PricewaterhouseCoopers (PWC), an accounting and consulting firm, in recognition of its outstanding performance as judged by a review of the financial information of concerned enterprises. |
| NSK Ltd. ("NSK") sales and marketing divisions, except those dealing with automotive manufacturers, have been spun off as NSK Sales Co., Ltd. in order to reinforce sales activities as well as improve customer satisfaction. |
| NSK (president, Tetsuo Sekiya) and NTN (president, Toyoaki Itoh) have entered into an agreement concerning one type of OEM bearing business and the sharing of intellectual property rights. It is aimed at increasing cost competitiveness and efficiency. The two companies are working to finalize the details of the agreement, which is summarized below. |
| NSK is the first company in the world to produce power rollers and disks, the core components of Half Toroidal CVTs, for practical application; NSK supplies units to Nissan Motor Co., Ltd. for EXTROID CVT (installed on the Cedric and Gloria automobile models), which was released on November 8, 1999. |
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