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NTN Sets Up JV with Luoyang LYC
 

China and Tokyo, Oct 29, 2010 (JCN) - NTN Corp. and China's Luoyang LYC Bearing Co. Ltd, one of the top bearing manufacturers in China, has established a joint venture (JV) that will manufacture and sell automotive bearings in the country.

The establishment is a priority initiative in NTN's medium-term management plan, "NTN 2010 for The Next Step," aimed at accelerating the enhancement of sales and production systems in emerging nations. Construction of the facility is expected to begin on February 2011, and mass production is scheduled to commence on October 2012.

By Chris Lui Staff Writer

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