Looking next at business in the Americas, Chinese
imports are hiking up, especially in the U.S., and
like Japan, customers centering on the electrical
and IT-related industries are transferring their production
sites to Asia, shaking the foundations of our businesses
there. Under these circumstances, locally produced
commodity-type small-sized ball bearings and standard
bearings are expected to face difficulties. Therefore,
we will transfer the low-added-value machining process
of these products to China as well as pressing forward
with the establishment of an optimum procurement system.
At the same time, we will aim to further streamline
the Clarinda and Ann Arbor plants.
Finally, in Asia, we will expand our production
capacity to cater for the Japanese, American and European
transplants, and further improve our competitiveness.
In China, we are currently focusing our efforts on
the launching of production at the second factory
building of the Kunshan plant, and we are also starting
preparation toward the construction of a third building.
We will also push forward with the expansion and organization
of our sales network in order to secure our position
as No. 1 in the bearings business.
As for Thailand, we have already launched a
automotive bearings manufacturing plant which we plan
to expand to match the requirements of automakers. |
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