NSK Ltd.
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NSK Ltd.
(Tokyo:6471)
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Nissei Bldg., 1-6-3 Ohsaki, Shinagawa-ku Tokyo 141-8560, Japan Tel. +81-3-3779-7111 Fax +81-3-3779-7431 |
Type: Public
On the web:
http://www.nsk.com
Employees:
26,334
Employee growth: 6.9%
NSK has bearing on the global marketplace of ball bearings. NSK's bearings are made for use in everything from aircraft engines and automobiles to machine tools and office equipment. The company has three business segments. Industrial Machinery Bearings includes bearings for machine tools, railcars, wind turbines, and construction machinery; Automotive Products includes bearings and components for steering columns, chassis, and transmission parts; and Precision Machinery and Parts includes ball screws, linear guides, and direct-drive motors used to manufacture semiconductors and LCDs. The company has over 130 overseas operations in 26 countries, with overseas sales accounting for around 43% of total sales.
Key numbers for fiscal year ending March, 2011:
Sales: $8,572.8M
One year growth: 35.2%
Net income: $315.1M
Income growth: 512.9%
Officers:
Chairman: Seiichi Asaka
President, CEO, and Director: Norio Otsuka
EVP and Director; HQ Head, Asia Corporate Strategy Division, HQ Head, Business Development Division, HQ, Compliance Division, HQ Finance Division, and General Affairs Department: Kazuo Matsuda
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NSK Ltd.
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NSK Ltd.
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| Type | Corporation TYO: 6471 |
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| Industry | Machinery |
| Founded | Tokyo, Japan (1916) |
| Headquarters | Tokyo, Japan |
| Key people | Seiichi Asaka, President & CEO |
| Products | Bearings, Automotive Parts, Precision Machinery Products |
| Revenue | $7.7 billion (¥772 billion) in sales for year ended March 31, 2008 |
| Employees | Over 25,000 (Consolidated, as of January 1, 2009) |
| Website | NSK Group Global Web Site |
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Contents
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NSK
Nippon Seikō K.K. (Japanese 日本精工株式会社 Nippon Seikō Kabushiki-gaisha; English NSK Ltd.), listed in the Nikkei 225, ISIN JP3720800006, is a Japanese company headquartered in Tokyo. The firm was established in 1916.
NSK produces all kinds of bearings, automotive components, linear guides, ball screws, mechatronic products and lubrication systems and distributes them around the world. The company also offers associated services. It has more than 23,000 employees who form a worldwide technology network consisting of over 40 production plants. Every day, they manufacture approximately three million new bearings with the NSK brand.
The company invests more than €60 million in research and development each year. The Group has its own research and development centres on every continent. NSK’s products are considered to be extremely reliable, resistant, durable and energy-efficient.
Bearings made by NSK are used in a wide range of industries. They can be found in machine tools, wind turbines, industrial and domestic pumps, compressors and much more. NSK’s product portfolio comprises everything from miniature bearings with a one-millimetre bore to bearings with a diameter of five metres.
NSK Europe Ltd
NSK Europe Ltd. is a manufacturer of high-precision bearings, linear technology, automotive components and steering systems in Europe.
- 1916 NSK (Nippon Seiko K.K.) established in Tokyo (Japan).
- 1963 Implementation of first European Sales Office in Düsseldorf (Germany).
- 1976 NSK Plant in Peterlee (UK) started production.
It has over 3,000 employees in Europe and has a turnover of greater than 869million Euro
History
NSK was established in Tokyo in 1916, when it became the first company to produce bearings in Japan. In 1963, NSK opened its first-ever sales office outside Japan in Düsseldorf. 13 years later, the Düsseldorf office relocated to Ratingen, which is now home to the company’s main German site. At the time, NSK concentrated primarily on producing and distributing bearings. Other products were added later, such as linear technology applications and automotive components. In 1990, NSK Ltd. Japan purchased the UPI Group including all of RHP’s production plants in England and the German town of Munderkingen (company: Neuweg Fertigung GmbH). In 1994, a decision was made to rename the company NSK-RHP Europe; the sales organisations in Germany, England, France, Italy, Spain and the Netherlands were also renamed NSK-RHP. RHP was removed from all company names in 2001. Since then, the whole Group has used the internationally renowned name NSK.
Company Background & Milestones 1916 Foundation of NSK Ltd. in Tokyo (Japan). 1960’s Opening of first European NSK offices Germany and UK. 1970’s Implementation of first French NSK office and first plant in Peterlee (UK). 1990’s Acquisition of UPI group including production plants in England, Germany and Switzerland. Opening of first European Technology Centre (ETC) in UK. NSK-RHP. Europe was founded and NSK-RHP sales companies were established. Purchase of main bearing production in Poland. 2000’s NSK-RHP changes its name to NSK to reflect global image. Establishment of EPS production in Poland 2010’s EIBU – European Industrial Business Unit – is created.
The first factory of NSK outside of Japan was founded in Brazil, in the estate of São Paulo in Suzano in the year of 1972.
NSK bought the RHP brand of bearings in 1990.
NSK has also made big developments in spherical roller bearings and on the Continuously variable transmission (CVT).
NSK is a World Bearing Association (WBA) member.
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