NEWS

<div class="section" style="margin:0px 0px 30px 15px;padding:0px;clear:both;width:660px;font-family:Meiryo, Osaka, sans-serif;font-size:15px;line-height:normal;white-space:normal;background-color:#FFFFFF;"> <p class="mb1em" style="margin-top:0px;margin-bottom:1em;padding:0px;line-height:1.85em;"> NTN Corporation (hereafter, NTN) will establish “Wakayama Works (Tentative Name),” a new plant located in Hashimoto City, Wakayama Prefecture for the production of radial bearings. Wakayama Works will cover the production of radial bearings with high value-added features such as low friction and a long operating life that have rapidly increased in demand due to electrification of automobiles and recovery on demand for industrial machinery. To improve the productivity and operating efficiency of Wakayama Works, NTN will install new equipment and systems as part of a smart factory design, and also roll out these enhancements to other plants in Japan and overseas. </p> </div> <div class="section" style="margin:0px 0px 30px 15px;padding:0px;clear:both;width:660px;font-family:Meiryo, Osaka, sans-serif;font-size:15px;line-height:normal;white-space:normal;background-color:#FFFFFF;"> <h3 class="head2" style="margin:0px 0px 12px;padding:0px 0px 10px 1.5em;font-size:15px;clear:both;text-indent:-1.5em;background:url(http://www.ntnglobal.com/en/images/head2_bg.gif) 0% 100% no-repeat;"> 1. Objective of newly constructed Wakayama Works (Tentative Name) </h3> <p class="mb05" style="margin-top:0px;padding:0px;line-height:1.85em;"> The automotive market has experienced a sudden shift to electrification of hydraulic control and EVs (electric vehicles). Regarding radial bearings used in motors and drivetrain components, there are increased demands for high value-added products such as low friction, low vibrations and long operating life in the automotive market. Also, the industrial machinery market requires NTN's high value-added products like the ULTAGE series thanks to increased demand throughout various sectors such as construction machinery, robotics and machine tools. </p> <p style="margin-top:0px;margin-bottom:0px;padding:0px;line-height:1.85em;"> By constructing this new plant, production of radial bearings that had previously been conducted in various areas around Japan will be restructured and production of high value-added products will be centralized at Wakayama Works. Wakayama Works will also incorporate a smart factory design concept that consists of new high-productivity equipment for streamlining and automating all production processes, from receiving materials to machining and shipping, with IoT and AI systems. The installation of such new equipment and systems will allow to produce new products that meet market requirements including a longer operating life and more compact designs. NTN will also cut down on the production time for prototypes, and reduce the production lead time to a third of previous methods, resulting in quick delivery of high-quality products around the world. </p> </div> <div class="section" style="margin:0px 0px 30px 15px;padding:0px;clear:both;width:660px;font-family:Meiryo, Osaka, sans-serif;font-size:15px;line-height:normal;white-space:normal;background-color:#FFFFFF;"> <h3 class="head2" style="margin:0px 0px 12px;padding:0px 0px 10px;font-size:15px;clear:both;background:url(http://www.ntnglobal.com/en/images/head2_bg.gif) 0% 100% no-repeat;"> 2. Future plans </h3> <p style="margin-top:0px;margin-bottom:0px;padding:0px;line-height:1.85em;"> Construction will start in stages from July 2018, with mass-production planned to begin from June 2019. </p> </div> <div class="section" style="margin:0px 0px 30px 15px;padding:0px;clear:both;width:660px;font-family:Meiryo, Osaka, sans-serif;font-size:15px;line-height:normal;white-space:normal;background-color:#FFFFFF;"> <h3 class="head2" style="margin:0px 0px 12px;padding:0px 0px 10px;font-size:15px;clear:both;background:url(http://www.ntnglobal.com/en/images/head2_bg.gif) 0% 100% no-repeat;"> 3. Wakayama Works (Tentative Name) Overview </h3> <table class="tb_data3 typeA mb20" style="margin:0px 0px 20px;padding:0px;width:658.75px;border:2px solid #B0CDEB;"> <tbody style="margin:0px;padding:0px;"> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (1) Location </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Hashimoto City, Wakayama Prefecture </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (2) Line of business </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Manufacture of radial bearings and bearing units, etc. </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (3) Site area </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Approximately 109,100 m<span style="margin:0px;padding:0px;vertical-align:text-top;line-height:4px;">2</span> </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (4) Total floor area </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Approximately 60,100 m<span style="margin:0px;padding:0px;vertical-align:text-top;line-height:4px;">2</span> </td> </tr> <tr style="margin:0px;padding:0px;"> <th style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;white-space:nowrap;background:url(http://www.ntnglobal.com/en/images/tb_head_bg_02.gif) 0% 50% no-repeat;"> (5) Employees </th> <td style="margin:0px;padding:3px;line-height:2em;border:1px solid #B0CDEB;vertical-align:middle;font-size:15px;"> Approximately 350 (planned for FY2019) </td> </tr> </tbody> </table> <div class="grid mb20" style="margin:0px 0px 20px;padding:0px;clear:both;width:660px;text-align:center;"> <p class="photo0" style="margin:0px auto;padding:0px;line-height:1.85em;"> <img src="http://www.ntnglobal.com/en/news/press/images/news201800026_1.jpg" alt="Image of Wakayama Works" style="margin:0px;padding:3px;border:1px solid #DDDDDD;" /><span class="caption" style="margin:5px 0px 0px;padding:0px;display:block;font-size:9pt;line-height:1.4em;">Image of Wakayama Works</span> </p> </div> </div> <div class="section" style="margin:0px 0px 30px 15px;padding:0px;clear:both;width:660px;font-family:Meiryo, Osaka, sans-serif;font-size:15px;line-height:normal;white-space:normal;background-color:#FFFFFF;"> <h3 class="head2" style="margin:0px 0px 12px;padding:0px 0px 10px;font-size:15px;clear:both;background:url(http://www.ntnglobal.com/en/images/head2_bg.gif) 0% 100% no-repeat;"> Reference </h3> <h4 class="head3" style="margin:0px 0px 5px;padding:0px;"> Radial bearings </h4> <div class="grid mb20" style="margin:0px 0px 20px;padding:0px;clear:both;width:645px;"> <p class="photo_right" style="margin-top:0px;margin-bottom:0px;margin-left:20px;padding:0px;line-height:1.85em;float:right;"> <img src="http://www.ntnglobal.com/en/news/press/images/news201800026_2.jpg" alt="Radial bearings" style="margin:0px;padding:3px;border:1px solid #DDDDDD;" /> </p> <p class="mb05" style="margin-top:0px;padding:0px 0px 0px 1em;line-height:1.85em;"> Radial bearings are bearings that support loads that act perpendicularly to shafts. Ball bearings like deep groove ball bearings are typical examples. </p> <p style="margin-top:0px;margin-bottom:0px;padding:0px 0px 0px 1em;line-height:1.85em;"> Radial bearings are used in parts that need to support rotating shafts of machinery such as motors. Reducing the friction during rotation contributes to smoother shaft rotation and a reduction in energy loss. The production of the ULTAGE series and other special products (high value-added products) designed for the ultimate in rotational performance and long operating life will allow NTN to better meet the requirements of customers. </p> </div> </div>