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Social and
Environmental Report |
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News Release |
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News Release
December 27,2002
NSK Ltd.
Public Relations Department
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Notice of NASTECH Inc. Corporate Name Change |
NSK Ltd. (“NSK”, President and CEO - Seiichi Asaka) announced today that the name of its American Group company, NASTECH Inc., has been changed. The details are as follows:
| New Corporate Name |
NSK Steering Systems America, Inc. |
| Effective Date |
January 1, 2003 |
| Purpose |
To increase market awareness of Group company as a manufacturer of steering column and joint products and to expand its role as a global supplier of steering systems.
To strengthen sense of solidarity within the NSK Group of companies. |
(The nature of the business will be unaffected by the corporate name change)
| NSK Steering Systems America, Inc. (formerly NASTECH Inc.) |
| Location |
Bennington, Vermont U.S.A. |
| Facilities |
One production center, one sales office |
| Product Lines |
Manufacture and sales of steering column and joints |
| Capital |
US$ 42,100,000 (Dec 2001) |
| Parent Company |
NSK Americas (100%) |
| Sales Revenues |
US$ 98,000,000 (Fiscal year 2001) |
| Number of employees |
500 |
| Date established |
May 1988 |
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