Tokyo, Japan, October 13, 2009 - NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) today announced the opening of a new research and development center in China, marking the occasion with an official ceremony for the launch of NSK (China) Research and Development Co., Ltd., in Kunshan City, Jiangsu Province. In its role as headquarters for NSK's operations in China, NSK (China) Investment has also relocated to Kunshan City in conjunction with the opening of the new R&D center. NSK (China) Investment will expand its functions for production, marketing, IT and finance, in order to pursue a unified strategy aiming to further expand NSK's business in China.
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Press Release
NSK Opens New R&D Center and Plans to Strengthen Business Framework in China
Expanding technical services and strengthening its business management framework to drive further growth in China
Local technical services expanded with launch of new China R&D center
With the launch of NSK (China) Research and Development, NSK is now positioned to offer a full range of technical support services in China for the entire NSK product lineup, covering everything from industrial machinery bearings and automotive products to precision machinery and parts. The new China R&D center assumes the role of NSK's largest international R&D center.
Going forward, NSK will increase the size of the engineering staff at the China R&D center, staffing it with engineers who possess specialized knowledge in each industry sector. The technical staff will focus on providing technical services such as product testing and evaluation, while offering local design services to provide a faster response than before. In addition, the technical staff will endeavor to enhance the level of marketing technical support, and strengthen R&D to support the development of environmentally friendly products that meet the needs of the local market in China.
NSK (China) Investment relocates to focus on strengthening business management in China
In its role as headquarters for NSK operations in China, NSK (China) Investment has also relocated to Kunshan City in conjunction with the opening of the new R&D center. NSK (China) Investment will orchestrate the business operations in the country and strengthen the level of collaboration between different areas of operation, and pursue a unified growth strategy in seeking to drive further growth in China.
NSK (China) Investment will specifically focus on:
- Responding quickly to the needs of the local market, and reducing lead times for development through to production and sales
- Improving cost competitiveness by pursuing local procurement
- Developing new markets in China to encompass local companies in northeast and inland China, in addition to Japanese-affiliated companies that have established operations in coastal China
- Deploying IT systems for production, marketing and inventory management, and building a sales and logistics network covering all of China to secure stable supply to customers.
Comments from NSK President and CEO Norio Otsuka
At the official ceremony to mark the launch of NSK (China) Research and Development, NSK President and CEO Norio Otsuka said, “NSK's business in China has grown at a rapid pace in recent years, and our China business continues to increase in significance to the NSK Group as a whole. By establishing an independent framework for technical services in China, NSK strengthens its ability to provide intangibles in the form of technical support. This will in turn improve the level of services that we can provide to our customers by actually seeing things up close, while enhancing our ability to pursue a multifaceted approach to sales. With the relocation of NSK (China) Investment, we will focus on enhancing our business management framework, so that we can execute a unified growth strategy through the collaborative effort of our production, marketing and technical wings.”
| Company name | NSK (China) Research and Development Co., Ltd. |
|---|---|
| Legal Representative | Takashi Tonotsuka, Director, and Senior Vice President, NSK |
| Address | No. 8 NSK Road, Huaqiao Economic Development Zone, Kunshan City, Jiangsu Province, China (near Shanghai) |
| Land Area | Approx. 30,000 square meters |
| Date of establishment | August 2009 (provisional) |
| Building Area | Office building (7 floors): Approx. 10,000 square meters Laboratory building (2 floors): Approx. 6,500 square meters |
| Capitalization | $20 million (approx. ¥2.2 billion) |
| Investment | ¥4.4 billion (through 2011) |
| Employees | 300 (projected for 2011) |
| Business Activities | Basic research, applied research, development and design, investigative analysis,Production engineering R&D, Provision of technical support to customers and users |
| Company name | NSK (China) Investment Co., Ltd. |
|---|---|
| Legal Representative | Kazuo Matsuda, Director, and Executive Vice President, NSK Ltd. |
| Address | No. 8 NSK Road, Huaqiao Economic Development Zone, Kunshan City, Jiangsu Province, China (near Shanghai) |
| Employees | 300 (projected for 2011) |
| Business Activities | Management and coordination of NSK subsidiaries in China |
NSK in China
NSK has engaged in technology cooperation with bearing manufacturers in China since the 1960s, and in 1995 established Kunshan NSK Co., Ltd., near Shanghai for the manufacturing of ball bearings used in electrical products. NSK currently operates nine plants in China that manufacture a wide range of products including industrial machinery bearings such as automotive bearings and ball bearings for consumer electronics, and steering parts. To meet the strong demand for industrial products used in infrastructure development in China, NSK also supplies products from Japan such as bearings for wind turbines, and bearings for steelmaking equipment and railway vehicles. NSK operates sales branches in fourteen locations across China and Hong Kong, and offers an extensive dealer network to enhance the level of service across China.