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NTN inaugurates construction of new manufacturing and sales company in China

NTN inaugurates construction of new manufacturing and sales company in China NTN Corporation announced it held a ground breaking ceremony on April 16 to mark the start of the construction of a new manufacturing and sales company “NTN LYC (Luoyang) Bearing Corporation” in Luoyang, Henan Province. China (NTN-LYC). NTN-LYC, which is invested on a fifty/fifty basis by NTN and Luoyang LYC, was established in January 2011 for manufacture and sales ...

News Updated at: 2011/04/25

NTN Corporation and Luoyang LYC Bearing Co., Ltd., a China-based bearing manufacturer, have signed an agreement to form a 50-50 joint-venture company to produce and sell automotive bearings in China. The new entity, NTN-LYC (Luoyang) Bearing Corporation, will be established in Luoyang City, Henan Province in February 2011. The facility will start mass producing hub bearings and needle bearings in October 2012. The joint venture will be capitalize...

News Updated at: 2010/10/12

NTN agrees to form joint venture with Chinese bearing manufacturer

NTN agrees to form joint venture with Chinese bearing manufacturer NTN Corporation announced on April 19 that the company and Luoyang LYC Bearing Co., Ltd. have signed a memorandum of understanding to form a joint-venture company to manufacture and sell automotive bearings in China. Investment in the new company is expected to reach 1 billion yuan (approximately 13 billion yen) with mass production scheduled to begin by the end of October 2011. A...

News Updated at: 2010/04/20