apan’s NSK and Timken Co, the largest bearing manufacturer in the US, plan to set up a US$40m joint venture bearings facility in Suzhou, Jiangsu province. The two companies, which already have a sales tie-up, will supply bearings to the growing number of auto makers setting up in China.
Another Japanese auto parts manufacturer, Unisia Jecs Corp, said it would invest an initial US$15m to establish a global supply base in Guangzhou. The plant, due to start operations in 2004, will make items such as water pumps and valve parts for engines.
You must log in to post a comment.