May 25, 2018
On March 23, 2018, NTN announced that it would invest 20 billion yen in Hashimoto City, Wakayama Prefecture, and set up a new bearing plant (=photo).
The new plant will produce high-value-added radial bearings, such as low friction and long life, for markets such as electric vehicles and industrial machinery.
The total floor area is about 60,000 m2. Construction starts in July 2018, and mass production starts in June 2019. For the time being, the company plans to operate it with about 350 people. NTN will reorganize the production of radial bearings, which had been scattered to five sites in Japan, and consolidate the production of high-value-added products at the new factory.
The new plant is equipped with the latest high-productivity equipment, as well as IoT and AI systems.
The plant also strengthen supply capacity, responding to new products and halving prototype delivery time, as well as reducing production lead time by one-third compared with the previous model.
Recently, demand for high-value-added products is also growing in the automotive market, industrial machinery markets such as construction machinery, robots, and machine tools.
In order to respond quickly to growing demand, the company decided to construct a new plant and reorganize its production system.
September 1, 2017