January 10, 2013
NSK Ltd.
Public Relations Department
NSK Announces Plans to Establish a Manufacturing Subsidiary in Mexico
Tokyo, Japan, January 10, 2013 - NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced today that the company would establish a manufacturing subsidiary in Mexico, as outlined below.
1. Objective of establishing the manufacturing subsidiary
NSK has decided to establish a manufacturing subsidiary in Mexico in order to better deal with the expansion of automobile production in Mexico and in order to keep up with expected growth in the automobile segment among the North American Free Trade Agreement (NAFTA) countries of the United States, Canada and Mexico.
Through the establishment of this subsidiary, NSK will be better positioned to provide quality products such as bearings for automobiles in a timely manner. It will also give NSK increased capacity in addition to its existing plants in the U.S. in supporting NSK's plans to expand its North American automobile businesses. By increasing the production capacity of bearings for automobiles in the Americas, including Mexico, NSK aims to build a stronger corporate ability to deal with exchange rate fluctuations as well as to further expand its business in North America.
2. Overview of the manufacturing subsidiary
1) Company name
NSK Bearings Manufacturing Mexico S.A. de C.V.
2) Location
Mexico, state of Guanajuato
3) Representative
Steven Beckman , NSK Corporation Senior Vice President
NSK Ltd. specializes in manufacturing and marketing high precision industrial equipments and components. Net sales break down by family of products as follows:
- automotive equipments (55.8%): transmission systems, steering system, needle bearings, etc.;
- industrial machine bearings (40%). The group also provides precision components and machines;
- other (4.3%).
At the end of March 2022, NSK had 66 production sites worldwide.
Net sales break down geographically as follows: Japan (36.7%), China (21%), Asia (14.9%), the Americas (14.5%) and Europe (12.9%).
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