Oiles Bearing to Build New Manufacturing
　　　　　　　　　　　　Operation in the Czech Republic

Oiles Corporation (Japan) announced it is the first company committed to building in a newly designated industrial zone in Kadan, northwest Czech Republic. A 13th century city of approximately 17,000 people, Kadan is a target of the Czech Republic's effort to attract foreign manufacturing investment.

Founded in 1952, Oiles is a diversified manufacturing and engineering company headquartered in Tokyo. Its primary business is Oiles Bearing, a world leader in self-lubricating bearings. The company employs approximately 1,000 people in 15 subsidiaries worldwide.

In Kadan, Oiles will spend approximately

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