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The eBearing News
August 5, 2004
NTN in Chinese Joint Venture
With Changzhou Guangyang
copyright © 2004 eBearing Inc.
NTN Corporation (Japan) has signed an agreement with China's Changzhou Guangyang Bearing Co. Ltd.,
establishing a joint venture to manufacture and sell bearings in China.
The new company, Changzhou NTN-Guangyang Corporation, is building a facility in Changzhou City, Jiangsu Province.
It will focus on manufacturing automotive-size ball and roller bearings, and needle roller bearings.
China's fast-growing lineup of automobile manufacturers and their suppliers is the venture's target market.
In late 2003, NTN announced its intention to form joint ventures in China, and specifically named
Changzhou Guangyang as a partner, although the business was to have been established by February 2004.
• article: NTN establishing more joint ventures in China
Changzhou Guangyang (formerly Changzhou Needle Bearing Factory) is the parent company of NRB China
bearings, and has for many years been a major
supplier of ball and roller bearings to the automobile, light truck, and heavy truck manufacturers
operating in China. The company manufactures needle roller, cylindrical roller, clutch release bearings
and four-point contact ball bearings. NRB also manufactures balls and rollers.
Beyond the auto industry, NRB bearings are used in manufacturing and industrial equipment, textile
mills, diesel and gasoline generators, office equipment and household appliances.
The new Changzhou NTN-Guangyang business ownership is split 51% to NTN, which will maintain management control,
and 49% to Changzhou Guangyang.
In the 355,000 square foot facility, the partners expect to spend more than USD $28 million. By the time it
is fully online -- projected for 2008 -- it will employ more than 1,300 people and produce more than
78 million bearings worth $97 million.
Disclosing the venture's production will eventually find its way beyond China's borders,
NTN said, "The joint venture aims to meet the developing local sourcing needs of China-based auto
producers by manufacturing and marketing products expected to see demand growth, such as needle roller
bearings, cylindrical roller bearings and clutch release bearings. In addition to helping expand
automotive bearing business in China, NTN will use the joint venture as a base for global
bearing supply."
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
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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