Tokyo, Japan, June 5, 2012 - NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) held an opening ceremony for Shenyang NSK Precision Co., Ltd., a precision machinery plant producing ball screws, and Shenyang NSK Co., Ltd., the first plant outside of Japan producing large size bearings, on May 28, 2012 in Shenyang, Liaoning Province, China.
NSK has expanded production with new facilities for Shenyang NSK Precision Co., Ltd., and its adjacent Shenyang NSK Co., Ltd. in Shenyang, the largest industrial city in Northeast China which the Chinese government has been intensively developing in the last few years. Both facilities will allow NSK to provide products in a timely manner and in response to the rapidly increasing demand in China.
The opening ceremony was held on a grand scale, welcoming corporate customers from Japan, the United States and Europe, as well as dignitaries from China's central government, the province of Liaoning and the city of Shenyang. NSK President and CEO Norio Otsuka said "Within just two and a half years from the groundbreaking ceremony of Shenyang NSK Precision Co., Ltd in October 2009, we have completed two newly equipped production facilities. We can now produce state of the art high-performance products using leading manufacturing technologies and product technology for China's growing industrial machinery market."
NSK is also taking advantage of its strengths as the world's only producer that manufactures and develops industrial machinery bearings and precision parts to further enhance synergy of both products in China. NSK is focusing on the demand for heavy industry in China, on accelerating sales for industrial machinery business and on further expanding business in China in parallel with the growing business of automotive products such as automotive bearings and steering products. In addition, NSK plans to solidify their growth strategy to double sales in China to over twice the current amount to 200 billion yen by NSK's centenary in 2016.