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Social and
Environmental Report |
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News Release |
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News Release
February 18, 2008
NSK Ltd.
Public Relations Department
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NSK Becomes First Japanese Bearing Manufacturer to Open Plant
in India |
Tokyo, Japan, February 15, 2008 - NSK Ltd. (NSK; Headquarter: Tokyo, Japan;
President and CEO: Seiichi Asaka) and ABC Bearings Limited (ABC; Headquarter:
Mumbai, India; Managing Director: Pradip Patel) are pleased to announce the
completion and official opening ceremony on February 15th of their joint venture
bearing plant located on the outskirts of Chennai City. The new plant in Chennai,
a central industrial city in Southern India, will manufacture bearings for
the automotive industry, targeting supply to both Japanese and local automotive
manufacturers, as well as other foreign-owned companies located in India.
ABC and NSK have maintained a good relationship since 1998, with NSK providing
technical support for bearing production. Against a background of rapid
economic growth in India, both companies decided to form the JV Company in
order to produce bearings to meet the growing demands of the automotive industry. For
NSK, this joint venture is an opportunity to increase sales to Japanese and
foreign automotive manufacturers in India. For ABC, the plant offers
new opportunities to increase sales to their existing customers by providing
a greater range of bearing types.
The profile of the JV Company is as follows:
| Company Name |
NSK-ABC Bearings Ltd. |
| Capital |
500 million Rupees (1.3 billion Yen) |
| Ratio of Capital Contribution |
NSK:75% ABC:25% |
| Location |
SIPCOT Industrial Park,
Kancheepuram
District, Tamil Nadu, India
(located
in a suburb of Chennai) |
| Land Area |
80,000 square meters |
| Building Area |
7,000 square meters |
| Business Plan |
Production of bearings (HUB unit bearings, bearings for transmission,
bearings for magnetic clutches, etc.) |
| Investment |
- 500 million Rupees (1.3 billion Yen) for the initial stage
- 800 million Rupees (2.0 billion Yen) by the year 2010. |
Guests and related parties attend the opening ceremony
 
About NSK:
NSK inaugurated its business in 1916 and produced the first ball
bearings made in Japan. Since then, NSK has developed a full
range of bearings, which have been sold throughout the world, and
has contributed greatly to the development of industry and the advancement
of technology. Today,
NSK is the No.1 manufacturer of bearings in Japan, and the No.3
manufacturer globally..
NSK has used its expertise in precision machining technology, refined
through years of bearing manufacturing, to diversify into automotive
products, and precision machinery and parts. Since the 1960's, NSK has
been aggressively developing its overseas markets, currently having 57 overseas
production bases in 13 countries.
About ABC:
ABC is a solid mid-sized Indian Public Limited Company, founded
in 1961, engaging in production and sales of tapered and cylindrical
roller bearings, for supply mainly to Indian commercial vehicles, tractor
and multi utility vehicle industries. In particular, the company holds a share
in excess of 50% of the local market for tapered roller bearings.
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