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The eBearing News
December 13, 2005
Tsubaki Nakashima Acquiring
Chongqing Steel Ball
copyright © 2005 eBearing Inc.
Tsubaki Nakashima Co. (Japan; TSE:
6477)
announced plans to acquire Chongqing Steel Ball Company (China), one of that
country's largest producers of bearing balls.
Chongqing Steel Ball was founded in 1968 and privatized in 1998. The company
reportedly employs approximately 300 people, producing in the neighborhood
of one billion precision carbon steel bearing balls each month. Sales
in 2005 are expected to reach USD $8.4 million, up 50% from 2004.
Founded in 1934 as Toyo Steel Ball, Tsubaki Nakashima adopted its name
after a 1996 merger with Nakashima Seisakusho.
Since 1990, Tsubaki has been growing quickly, primarily by acquisition.
In 1990, it acquired the steel ball division of Hoover Precision Products, headquartered
in Cumming, Georgia, USA.
In 1998, Tsubaki acquired the steel ball division of Daewoo MGM in Hungary, and in
1999 acquired Daewoo MGM's Roller Division, also in Hungary.
In 2002, the company established Tsubaki Hoover (Taicang) Co. Ltd.,
Jiangsu Province, China, adjacent to Shanghai, its first ball plant in China.
article: Taubaki building ball plant in China
In 2003, the company acquired the ZET ball plant of Poland's FLT.
article: Tsubaki Nakashima acquires ZET ball plant
The Taicang plant is already operating at capacity per local reports, and acquiring
Chongqing is reportedly viewed as the best path to not only adding badly-needed
capacity but also buys entree to key bearing component buyers in the Chinese market.
In particular, Tsubaki Nakashima said, the qcquisition will allow it to meet fast-growing
demand for bearing balls from Japanese auto and truck manufacturers locating plants
in China.
With Chongqing, Tsubaki Nakashima will be operating thirteen separate facilities in
Japan; North America; Puebla, Mexico; Debrecen, Hungary; China; and Poland.
Terms of the acquisition were not announced, other than it would be finalized in mid-December.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
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Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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