|
|
|
|
The eBearing News
August 11, 2003
Amatsuji Posts Strong First Quarter
Sales and Boosts Forecasts
copyright © 2003 eBearing Inc.
Amatsuji Steel Ball Manufacturing Co. Ltd. (Japan) reported first quarter 2003 sales, along
with a forecast for doubling sales in the next year. Amatsuji is one of the world's largest
bearing ball manufacturers, under the AKS brand.
Amatsuji is 20.5% owned by NSK Ltd., Japan's largest bearing
manufacturer. NSK accounts for 44% of AKS sales.
Sales for first quarter ended June 30 were ¥4.5 billion (USD $37.9 million), up 5.1% from
¥4.3 billion ($36.2 million) for the same period in 2002.
In the current third quarter, Amatsuji forecasts sales of ¥4.7 billion ($39.5 million), or
¥9.3 billion ($77.4 million) for the first half of fiscal 2003.
Looking ahead, the company said its long-term forecast is for sales more than doubling, from 2003's ¥9.3 billion
to more than ¥18.3 billion ($154 million) in the first half of 2004 (April through September).
Amatsuji is building a new bearing ball factory in Poland, outside Zarow, in an industrial park designated
to draw investment from Japanese companies. The $11.5 million plant is scheduled to come online sometime
in late 2003. Its initial capacity is 70 million balls per month, or 840 million balls per year.
• article: Amatsuji/AKS will build new bearing ball plant in Poland
Founded in 1920 as a bicycle bearing manufacturer, Amatsuji
went public in 1933 and reoriented itself as a high-quality
producer of balls for bearings and other close-tolerance applications.
Those "other" applications now include machine tools, CV joints,
ball point pens, fuel injectors, and other precision ball needs.
The AKS product line includes chrome steel balls (78% of sales),
stainless steel balls (8%), Carbon steel balls (4%), nylon,
brass and ceramic balls (5%) and machinery parts (5%).
Today, Amatsuji has two AKS factories, both in Osaka. The new
plant in Poland will be its third.
In addition, there are three locally-operated joint ventures:
Nitto Steel Ball, AKS Hambai, and Sakai Amatsuji, all in Osaka.
In all, the company employes well over 600 people.
With NSK, Amatsuji operates three direct joint ventures:
NSK-AKS Precision Ball Indonesia in (Cibitung, Bekasi, Indonesia);
NSK-AKS Precision Ball Europe Ltd. (Peterlee, U.K.);
NSK-AKS Precision Ball Co. (Clarinda, Iowa).
All are next door to sister NSK bearing factories, and the factory
in Indonesia recently doubled its output.
|
|
|
printer-friendly version
|
|
- by Bruce A. Carr
from individual research,
tips and commercial sources.
Copyrighted material; unauthorized reproduction prohibited.
|
|
eBearing.com ... for everything that moves™
Copyright 1999-2010, eBearing Inc. All rights reserved.
Copyright information is on www.copyright.com
Unauthorized reproduction is prohibited.
eBearing Inc, eBearing.com, and "... for everything that moves" are registered
trademarks of eBearing Inc.
|
|
|
|
|
| |
eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2010, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
|
|
|
