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The eBearing News
December 17, 2003
Nachi Launches Three-Year
Capital Investment Project
copyright © 2003 eBearing Inc.
Nachi-Fujikoshi Corp. (Japan) revealed it is planning to dramatically increase its capital
investment schedule via a three-year, USD $233 million program.
Targeting both its automotive bearing and hydraulics business segments, the new program is designed to
improve manufacturing systems across all of its facilities worldwide.
The company did not release numbers for the expected effect in 2004 and 2005.
However, by the end of 2006, Nachi projects the program will be driving operating profits up by
50%, to $107.2 million, supporting a sales improvement of 8%, or $1.5 billion.
Sales outside of Japan are projected to grow the fastest; 36% of the company's total sales
are now outside Japan, and that is expect to reach at least 40% by the end of 2006.
Earlier this month, Nachi said it expects to post a USD $55 million profit for the fiscal
year ending November 30, 2003, up over 190% from fiscal 2002. In the first half, Nachi reported
net income of $1.6 million.
• article: Nachi reports first half 2003 results
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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Entire contents Copyright © 1999-2010, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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