02-19-2008, 12:35 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>NSK Becomes First Japanese Bearing Manufacturer to Open Plant in India</b>
February 18, 2008
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.Â
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.<!--QuoteEnd--><!--QuoteEEnd-->
February 18, 2008
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.Â
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.<!--QuoteEnd--><!--QuoteEEnd-->