Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  NSK Ltd.    6471   JP3720800006

NSK LTD.

(6471)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

NSK Ltd. : NSK Announces Plans to Establish a Manufacturing Subsidiary in Mexico

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/09/2013 | 08:45pm EDT

January 10, 2013
NSK Ltd.
Public Relations Department

NSK Announces Plans to Establish a Manufacturing Subsidiary in Mexico

Tokyo, Japan, January 10, 2013 - NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced today that the company would establish a manufacturing subsidiary in Mexico, as outlined below.

1. Objective of establishing the manufacturing subsidiary

NSK has decided to establish a manufacturing subsidiary in Mexico in order to better deal with the expansion of automobile production in Mexico and in order to keep up with expected growth in the automobile segment among the North American Free Trade Agreement (NAFTA) countries of the United States, Canada and Mexico.

Through the establishment of this subsidiary, NSK will be better positioned to provide quality products such as bearings for automobiles in a timely manner. It will also give NSK increased capacity in addition to its existing plants in the U.S. in supporting NSK's plans to expand its North American automobile businesses. By increasing the production capacity of bearings for automobiles in the Americas, including Mexico, NSK aims to build a stronger corporate ability to deal with exchange rate fluctuations as well as to further expand its business in North America.

2. Overview of the manufacturing subsidiary
1) Company name NSK Bearings Manufacturing Mexico S.A. de C.V.
2) Location Mexico, state of Guanajuato
3) Representative Steven Beckman , NSK Corporation Senior Vice President
4) Date of establishment Planned for January 2013
5) Business areas Manufacture and sale of automobile bearings
6) Capital Approximately USD 5 million (as of April 2013)
7) Investment breakdown 100% NSK Ltd.
8) Size of plant Site area of approximately 100,000
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NSK LTD.
04/15NSK : Welcomes Visitors to Auto Shanghai 2019
PU
04/12NSK : Welcomes Visitors to CIMT 2019
PU
03/27NSK LTD. : Ex-dividend day for final dividend
FA
03/21NSK : Europe appoints Chief Operating Officer
AQ
02/26NSK : Welcomes Visitors to Taipei Int'l Machine Tool Show (TIMTOS 2019)
PU
02/21NSK : Welcomes Visitors to WIND EXPO 2019
PU
02/06NSK HOW-TO VIDEO : Replace Wheel Hub Bearing w/ Magnetic Encoder
PU
01/29NSK LTD. : quaterly earnings release
2018NSK : Publishes NSK Report 2018
PU
2018NSK : Develops High Efficiency Motor Bearings
PU
More news
Financials (JPY)
Sales 2019 988 B
EBIT 2019 -
Net income 2019 58 740 M
Debt 2019 133 B
Yield 2019 3,38%
P/E ratio 2019 10,57
P/E ratio 2020 12,54
EV / Sales 2019 0,79x
EV / Sales 2020 0,81x
Capitalization 652 B
Chart NSK LTD.
Duration : Period :
NSK Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NSK LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 1 117  JPY
Spread / Average Target -5,5%
EPS Revisions
Managers
NameTitle
Toshihiro Uchiyama Executive President, CEO & Representative Director
Saimon Nogami CFO, Director & Head-Administration
Nobuo Goto Director, Head-Technology & Quality Assurance
Yasuhiro Kamio Director & GM-Industrial Machinery Sales
Shigeyuki Suzuki Director & General Manager-Automobile Business
Sector and Competitors
1st jan.Capitalization (M$)
NSK LTD.28.34%5 822
DENSO CORP9.03%35 381
CONTINENTAL AG28.86%34 984
APTIV46.73%23 299
HYUNDAI MOBIS CO., LTD.--.--%19 959
MAGNA INTERNATIONAL INC.22.49%18 462