Tokyo, Japan, April 17, 2008 - NSK Ltd. (NSK; Headquarter: Tokyo, Japan; President and CEO: Seiichi Asaka) is pleased to announce the founding of its China Technology Center ( CEO: Shinichiro Takahashi), an independent research and development corporation aimed at enriching the quality of the company's sales and technology services. NSK, a leading bearing manufacturer in Japan, seeks to maintain its position as the top bearing manufacturer in the rapidly-developing Chinese market, and to develop a strong overall framework which combines production, sales and technology.
The new technology center will work towards strengthening sales engineering, localizing a speeding up design, and boosting research and development functions to meet the unique demands of the Chinese market. Through this, NSK aims to expand its business scale in China to 100 billion yen in 2010.
With the expansion of its overseas operations, NSK has established a global technological service framework. With Fujisawa Technology Center serving as the central hub, NSK has established a total of twelve research and development units in the 4 main worldwide regions of Japan, the U.S., Europe and Asia.