NTN Establishes ¡°Wakayama Works (Tentative Name)¡± in Wakayama Prefecture for Production of Radial Bearings
<div class="section" style="margin:0px 0px 30px 15px;padding:0px;width:660px;text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;clear:both;font-family:Meiryo, Osaka, sans-serif;font-size:12px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;">
<p class="mb1em" style="margin:0px 0px 1em;padding:0px;line-height:1.85em;font-size:13.8px;font-style:normal;">
<span style="color:#000000;font-family:Arial;font-size:12px;">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.</span>
</p>
</div>
<div class="section" style="margin:0px 0px 30px 15px;padding:0px;width:660px;text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;clear:both;font-family:Meiryo, Osaka, sans-serif;font-size:12px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;">
<h3 align="center" class="head2" style="background:url("../images/head2_bg.gif") no-repeat left bottom;margin:0px 0px 12px;padding:0px 0px 10px 1.5em;text-indent:-1.5em;clear:both;font-size:14.04px;font-weight:bold;">
<img alt="" src="http://www.bearing.com.cn/membcentre/editor/attached/image/20190226/20190226133153_20480.jpg" />
</h3>
<h3 class="head2" style="background:url("../images/head2_bg.gif") no-repeat left bottom;margin:0px 0px 12px;padding:0px 0px 10px 1.5em;text-indent:-1.5em;clear:both;font-size:14.04px;font-weight:bold;">
<br />
</h3>
<h3 class="head2" style="background:url("../images/head2_bg.gif") no-repeat left bottom;margin:0px 0px 12px;padding:0px 0px 10px 1.5em;text-indent:-1.5em;clear:both;font-size:14.04px;font-weight:bold;">
<span style="color:#000000;font-family:Arial;font-size:12px;">1. Objective of newly constructed Wakayama Works (Tentative Name)</span>
</h3>
<p class="mb05" style="margin:0px 0px 5px;padding:0px;line-height:1.85em;font-size:13.8px;font-style:normal;">
<span style="color:#000000;font-family:Arial;font-size:12px;">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.</span>
</p>
<p style="margin:0px;padding:0px;line-height:1.85em;font-size:13.8px;font-style:normal;">
<span style="color:#000000;font-family:Arial;font-size:12px;">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.</span>
</p>
</div>
<div class="section" style="margin:0px 0px 30px 15px;padding:0px;width:660px;text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;clear:both;font-family:Meiryo, Osaka, sans-serif;font-size:12px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;">
<h3 class="head2" style="background:url("../images/head2_bg.gif") no-repeat left bottom;margin:0px 0px 12px;padding:0px 0px 10px;clear:both;font-size:14.04px;font-weight:bold;">
<span style="color:#000000;font-family:Arial;font-size:12px;">2. Future plans</span>
</h3>
<p style="margin:0px;padding:0px;line-height:1.85em;font-size:13.8px;font-style:normal;">
<span style="color:#000000;font-family:Arial;font-size:12px;">Construction will start in stages , with mass-production planned to begin from June 2019.</span>
</p>
</div>
<div class="section" style="margin:0px 0px 30px 15px;padding:0px;width:660px;text-align:left;color:#000000;text-transform:none;text-indent:0px;letter-spacing:normal;clear:both;font-family:Meiryo, Osaka, sans-serif;font-size:12px;font-style:normal;font-weight:400;word-spacing:0px;white-space:normal;orphans:2;widows:2;background-color:#FFFFFF;font-variant-ligatures:normal;font-variant-caps:normal;-webkit-text-stroke-width:0px;text-decoration-style:initial;text-decoration-color:initial;">
<h3 class="head2" style="background:url("../images/head2_bg.gif") no-repeat left bottom;margin:0px 0px 12px;padding:0px 0px 10px;clear:both;font-size:14.04px;font-weight:bold;">
<span style="color:#000000;font-family:Arial;font-size:12px;">3. Wakayama Works (Tentative Name) Overview</span>
</h3>
<table class="tb_data3 typeA mb20" style="margin:0px 0px 20px;padding:0px;border:2px solid #B0CDEB;border-image:none;width:658px;border-collapse:collapse;">
<tbody style="margin:0px;padding:0px;">
<tr style="margin:0px;padding:0px;">
<th style="background:url("../images/tb_head_bg_02.gif") no-repeat left;margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;text-align:left;line-height:2em;font-size:13.8px;font-weight:bold;vertical-align:middle;white-space:nowrap;">
<span style="color:#000000;font-family:Arial;font-size:12px;">(1) Location</span>
</th>
<td style="margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;line-height:2em;font-size:13.8px;font-weight:normal;vertical-align:middle;">
<span style="color:#000000;font-family:Arial;font-size:12px;">Hashimoto City, Wakayama Prefecture</span>
</td>
</tr>
<tr style="margin:0px;padding:0px;">
<th style="background:url("../images/tb_head_bg_02.gif") no-repeat left;margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;text-align:left;line-height:2em;font-size:13.8px;font-weight:bold;vertical-align:middle;white-space:nowrap;">
<span style="color:#000000;font-family:Arial;font-size:12px;">(2) Line of business</span>
</th>
<td style="margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;line-height:2em;font-size:13.8px;font-weight:normal;vertical-align:middle;">
<span style="color:#000000;font-family:Arial;font-size:12px;">Manufacture of radial bearings and bearing units, etc.</span>
</td>
</tr>
<tr style="margin:0px;padding:0px;">
<th style="background:url("../images/tb_head_bg_02.gif") no-repeat left;margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;text-align:left;line-height:2em;font-size:13.8px;font-weight:bold;vertical-align:middle;white-space:nowrap;">
<span style="color:#000000;font-family:Arial;font-size:12px;">(3) Site area</span>
</th>
<td style="margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;line-height:2em;font-size:13.8px;font-weight:normal;vertical-align:middle;">
<span style="color:#000000;font-family:Arial;font-size:12px;">Approximately 109,100 m</span><sup style="margin:0px;padding:0px;line-height:4px;vertical-align:text-top;"><span style="color:#000000;font-family:Arial;font-size:12px;">2</span></sup>
</td>
</tr>
<tr style="margin:0px;padding:0px;">
<th style="background:url("../images/tb_head_bg_02.gif") no-repeat left;margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;text-align:left;line-height:2em;font-size:13.8px;font-weight:bold;vertical-align:middle;white-space:nowrap;">
<span style="color:#000000;font-family:Arial;font-size:12px;">(4) Total floor area</span>
</th>
<td style="margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;line-height:2em;font-size:13.8px;font-weight:normal;vertical-align:middle;">
<span style="color:#000000;font-family:Arial;font-size:12px;">Approximately 60,100 m</span><sup style="margin:0px;padding:0px;line-height:4px;vertical-align:text-top;"><span style="color:#000000;font-family:Arial;font-size:12px;">2</span></sup>
</td>
</tr>
<tr style="margin:0px;padding:0px;">
<th style="background:url("../images/tb_head_bg_02.gif") no-repeat left;margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;text-align:left;line-height:2em;font-size:13.8px;font-weight:bold;vertical-align:middle;white-space:nowrap;">
<span style="color:#000000;font-family:Arial;font-size:12px;">(5) Employees</span>
</th>
<td style="margin:0px;padding:3px;border:1px solid #B0CDEB;border-image:none;line-height:2em;font-size:13.8px;font-weight:normal;vertical-align:middle;">
<span style="color:#000000;font-family:Arial;font-size:12px;">Approximately 350 (planned for FY2019)</span>
</td>
</tr>
</tbody>
</table>
</div>
26 Feb,2019
