News Release

- Increasing production volume as part of global growth strategy-

NSK Ltd. (TSE 6471, Seiichi Asaka – President) announced that the company will be constructing a new manufacturing facility in Fujisawa City, Kanagawa Prefecture.  The new manufacturing facility is part of the company’s mid-term plan to reinforce its market presence in the this market segment and will be producing bearings for industrial machinery applications, such as steel equipment, machine tools, construction equipment, aircraft, robots and wind generator.  Once completed, this facility is expected to increase the manufacturing volume from the current level of ¥60 billion to ¥80 billion in two years.

General summary of the new manufacturing facility

The year will mark the 90th anniversary of NSK Ltd. and the Fujisawa Plant has been the major production base throughout these 90 years.  The new facility will be located in the Kirihara industrial area of Fujisawa City in Kanagawa Prefecture and will build on the experience of the Fujisawa Plant, the engineering expertise of the NSK Corporate Research & Development Center and the human resources of the prefecture. 

Subsidies for investing in Kanagawa Prefecture (“Invest Kanagawa”)

NSK Ltd. will apply for investment subsidies available in Kanagawa Prefecture, in particular the “Facilities Grant System”, a facility development subsidy program.  NSK submitted this application to Fujisawa-City on August 3, 2006 and at a later date, will further file an application for relief of real estate acquisition tax and corporate income tax.

Perspective view

Roller Bearings
Roller bearings have rollers as its cylindrical elements.  Roller bearings can support heavy loads and are thus idea for use in a wide variety of industrial machineries such as steel making equipment, machine tools, construction machineries, railways, aircraft, robots and wind turbines.