On June 3, NTN Corporation (hereafter, NTN) held a ground-breaking ceremony in Shika-machi, Hakui-gun, Ishikawa Prefecture to commemorate the start of construction of the new company NTN Noto Corporation (hereafter, NTN Noto).
The groundbreaking ceremony was held with a number of distinguished guests, including Governor Tanimoto of Ishikawa Prefecture and Mayor Koizumi of Shika-machi. During the ceremony, NTN called for the safe construction and smooth launch of the new company, while Governor Tanimoto said “there is a great deal of demand for industrial machinery. We will continue to develop land, sea and air transportation routes, and would like to see quality products manufactured right here in Ishikawa Prefecture being sent around the world.”
In his greeting, NTN Chairman Suzuki stated that “NTN Noto will manufacture bearings for industrial machinery for use in applications such as construction machinery, wind power generation, steel, and mining. The new plant will operate together with the three manufacturing bases already running in the Noto region to create a major bearing manufacturing center for industrial machinery. NTN plans to ship the bearings manufactured at the plant around the world via Kanazawa Port as part of efforts to further expand the industrial machinery business.”
Outline of the New Company:
(1) Line of Business Manufacture and sales of bearings and machine parts for industrial machinery
(2) Location 38 Wakabadai, Shika-machi, Hakui-gun, Ishikawa Prefecture (Noto Industrial Park), Japan
(3) Representative Shigeaki Deguchi, President
(4) Capital 2.5 billion yen planned (100% owned by NTN)
(5) Total Investment Approximately 8 billion yen (planned)
(6) Start of Operations January 2012 (planned)
(7) Site Area Approximately 106,500 m2
(8) Total Floor Area Approximately 15,000 m2
(9) Planned Sales 12 billion yen (for FY2015)
(10) Employees Initially approximately 90 (planned)
Noto Region Manufacturing Base:
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