NSK Ltd. announced on September 16 that it has signed an agreement with Accenture to establish a joint venture named NSK Digital Co., Ltd. The joint venture is scheduled to begin operations on April 1, 2027, and will accelerate digital transformation using AI and data. Accenture will hold a 65% stake in the company,
On May 12, NSK Ltd. (NSK) and NTN Corporation (NTN) announced that they have reached a basic agreement to establish a joint holding company by way of a joint share transfer and to integrate their businesses. Both NSK and NTN are expected to become wholly owned subsidiaries of the joint holding company.
The companies
NSK Ltd. (NSK) announced that it has commenced production of a new ball screw which was newly developed for Advics Co., Ltd.’s (Advics) regenerative brake systems. Production is carried out at its Saitama Plant. With the advancement of autonomous driving, NSK has launched the ball screw as a product for electro-hydra
NSK Ltd. (NSK) announced plans to withdraw production from its European manufacturing subsidiaries, NSK Bearings Europe Ltd. and NSK Precision UK Ltd., located in Newark-on-Trent, Nottinghamshire, UK.
The plan was part of the ongoing structural reforms in the company’s European operations, driven by persistent challe
NSK Ltd. (NSK) announced that it will conclude a share purchase agreement with Japan Industrial Solutions III Investment Limited Partnership (JIS) to acquire shares of NSK Steering & Control, Inc. (NS&C), currently an equity-method affiliate of NSK. As a result of the share acquisition, NS&C and its subsidiary, NSK S
NSK signed a strategic cooperation agreement with Wolong Electric Group Co., Ltd. (Wolong Electric). Under the agreement, the two companies will launch strategic cooperation in the following three areas. Joint technology R&D: This concerns green transportation, green energy, robots, industrial drive innovation, and m
NSK opened its Chinese headquarters and the second phase of its Chinese R&D center in the Huaqiao Economic Development Zone in Kunshan, Jiangsu. The NSK Chinese Headquarters and the second phase of the NSK Chinese R&D Center are located on 8 Caiqiao Road. Taking the opening of the second phase of the R&D center as an
NSK participated in the 19th China International Bearing Industry Exhibition (CIBIE) with a range of bearings and precision machinery components. For automobiles, NSK exhibited the latest products for electrification and low friction. Delivering a maximum DmN value of 2.1 million, the NSK ultra-high-speed bearing for
On September 4, Rane Holding announced that the Competition Commission of India (CCI) had considered and approved its proposed acquisition of the remaining 51% equity stake of NSK Ltd., Japan, in the joint venture company, M/s. Rane NSK Steering Systems Private Limited.
Rane Holding intimated the CCI on July 01, 202
NSK Ltd. (NSK) announced the decision to sell its European production subsidiary, Neuweg Fertigung GmbH (Neuweg) to individual investor Mr. Stephen Lord, its Plant Manager Mr. Willi Castro and its Finance Director Mr. Dominik Szell.
The sale is expected to be completed in the first half of 2024 and is a part of NSK’s
Rane Holdings Limited (RHL) approved the acquisition of a 51% stake from the joint venture partner NSK Limited in Rane NSK Steering Systems Private Limited (RNSS). Post the acquisition, it will become a wholly-owned subsidiary of RHL and named Rane Steering Systems Private Limited (RSSL). RSSL will continue the exist
It was announced that NSK Bearings Manufacturing Mexico invested USD 44 million to expand its plant located in Silao, Guanajuato.
This expansion will create 51 new jobs and is expected to be completed by 2026.
The company, which specializes in manufacturing bearings, serves clients in Mexico such as Honda, Toyota, Ma
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