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 The company headquarters building in Osaka | |
Native name | NTN株式会社 |
|---|---|
| Company type | Public (K.K) |
| TYO:6472 Nikkei 225 Component | |
| Industry | Manufacturing |
| Predecessor | Nishizono Ironworks |
| Founded | Kuwana, Mie Prefecture (March 1918; 107 years ago (1918-03)) |
| Headquarters | 1-3-17, Kyomachibori,Nishi-ku, Osaka 550-0003, Japan |
Key people | Eiichi Ukai (President) |
| Products | |
| Services | Component maintenance, repair, and overhaul |
| Revenue |  US$ 6.03 billion (FY 2016) (JPY 683.3 billion) (FY 2016) |
 US$ 142 million (FY 2013) (JPY -14.64 billion) (FY 2013) | |
Number of employees | 24,665 (consolidated, as of March 31, 2017) |
| Website | Official website |
NTN Corporation (NTN株式会社,NTN Kabushiki-gaisha) (a.k.a. Niwa, Tomoe, Nishizono) is one of the most prominent manufacturers ofbearings inJapan, second domestically only toNSK Ltd. The company is one of the largest exporters worldwide offriction-reducing products, such asconstant-velocity joints.[1]
It is listed on theTokyo Stock Exchange and is a component of theNikkei 225stock index.[2]
It was competitor Nippon Seiko (now known as NSK) which began the Japanese bearing industry in 1914 by producing such bearings. Four years later in 1918, Nishizono Ironworks, a factory in Uchibori,Mie Prefecture, began producing ball bearings.
Five years after Nishizono Ironworks began its production of these friction reducing components, the company merged with Tomoe Trading to fabricate and market them under the name "NTN". In 1927, however, Nishizono and Tomoe split, with the former company setting up a new company called "NTN Manufacturing Company".
In 1934, the company reorganized as ajoint-stock company, changing its name to Toyo Bearing Manufacturing. When Japan invaded Manchuria, the demand for bearings increased due to the war, and manufacturing productivity followed suit. In 1938, Toyo created a domestic subsidiary named Showa Bearing Manufacturing Company, in Mukogun,Hyogo Prefecture. Toyo absorbed Showa into its organization the following year, making the facility into its Mukogawa plant and merging Mukogawa's operations with those of their newly established plant inKuwana.
By 1945, raw materials shortages that resulted fromWorld War II rendered Japanese bearing manufacturers unable to produce at full capacity. However, in the late 1940s, as Japan recovered from combat, demand from the war-torn country and itsintracontinental neighbors increased.
At the end of the decade, Toyo created a marketing division called NTN Sales, at the same time, becoming one of the five most prominent bearing manufacturers in Japan, alongsideKoyo Seiko, Nippon Seiko, Asahi Seiko and Fujikoshi Kozai. They, along with the other four aforementioned companies held over 75% of that country's bearing market the following year. Three years later, in 1954, NTN Sales received theDeming Prize forstatistical quality control while continuing to diversify its product offering. In 1956, the company started to manufacture expansion compensating bearings.
Due to the incredible growth that Toyo underwent, the organizationdecentralized by creatingsubsidiaries to oversee new products. In 1961, Toyo set up a joint venture with INA Wälzlager Schaeffler called NTN Wälzlager Europa in order to manufactureneedle bearings. Toyo utilized design data from INA Wälzlager Schaeffler to make these products. They also established Kongo Bearing Company to manage the creation ofpillow block bearings. One year later, Toyo founded Senyo Kosakuki Kenkyujo, a maker of ball bearing equipment. In 1963, Toyo entered into business withHardy Spicer to produce Birfield-type constant-velocityuniversal joints. They also pursued business overseas by establishing NTN Bearing Corporation ofAmerica. The following year, working withGKN Transmission, the company fabricated constant-velocity joints in their home country and formed NTN Bearing-GKN while also opening a facility in Europe called NTNFrance. The year after that, Toyo started manufacturing oil-impregnatedsintered bearings andpipe fittings. Four years later in 1968, the company set up yet another facility in North America called NTN Bearing Corporation ofCanada.
In 1971, Toyo started Toyo BearingOkayama Company to produce automotivetapered bearings and roller bearings in addition to founding American NTN Bearing Manufacturing Corporation. It was during that same year that Toyo finished construction on a manufacturing facility inSchiller Park, their first manufacturing facility inNorth America. Additionally, a sales division, NTN Trading-Hong Kong and a manufacturing segment, NTN Kugellagerfabrik were created.
The following year, the company's name was changed from Toyo Bearing Manufacturing to NTN Toyo Bearing Company. Like other Japanese bearing manufacturers, NTN became so successful that it created angst among their overseas competitors, especially those in theUnited Kingdom.England in fact, urged Japanese companies to restrict exports from 1972 to 1974. Other countries inEurope, however, were quite adamant about procuring such superior quality bearings, and continued to do so. For this reason, the company's growth was uninterrupted during the mid-1970s. In fact, from 1973 to 1975, NTN Manufacturing Canada, NTN deMexico and NTNSuramericana were opened, in addition to another factory inElgin, Illinois.
In 1977 however, NTN Toyo posted a loss of 1 billion JPY due to the increasing value of the Japanese Yen making exports more expensive. Because most of their bearings were still made inside the borders of Japan, the prices of the bearings were still subject to changes in international exchange rates. Additionally, many Japanese bearing manufacturers were penalized by theEuropean Economic Community forpredatory pricing. As a result, in 1978, for the first time in over a decade, NTN Toyo withhelddividend payments.
The value of the yen soon decreased however, and the company's exports returned to normal. Strong customer demand also resulting from the weakening yen resulted in increased sales. By 1979, all overseas NTN Toyo manufacturing facilities were once again operating at or above fullproduction capacity.
After NTN Toyo recovered from itsdownturn, the company looked to expand its constant-velocity joint business in the United States. By expanding on all of their product lines in this part of the world, NTN Toyo was able to reduce the number of goods exported from Japan. In 1982, the company built an addition onto its Okayama plant for the purpose of building automotive joints. In addition, a joint venture withHyundai Motors had this business partner manufacturing joints via a license from NTN Toyo. The following year, NTN Toyo also licensed Lepco Company and Taiway to produce additional constant-velocity joints.
From 1984 to 1985, NTN Toyo concentrated ontapered roller bearings at its United States facilities such as their Elgin factory. This building was added onto in 1984 in order to produce such bearings at a higher rate of production. In 1985, NTN Toyo Nagano Works, a designer and manufacturer of precision miniature bearings, also opened for business. That same year, NTN Toyo partnered withFederal-Mogul Corporation to produce tapered bearings and cylindrical roller bearings. The new joint venture, NTN-Bower Corporation, inherited two Federal-Mogul facilities and an additional research facility. NTN Toyo initially owned 60% of this joint venture, but purchased the remaining 40% of NTN-Bower Corporation two years later to fully acquire the company.
In 1986, the company constructed itsKuwana plant, NTN Toyo's first factory dedicated to bearings used inaerospace products. Soon after this facility was established,Timken Company claimed that NTN Toyo and other Japanese bearing makers were selling their products belowmarket prices. As a result, theUnited States Department of Commerce found those companies guilty of predatory pricing. NTN Toyo was ordered to pay a financial penalty equal to 47% of the prices of the products that the company exported to that country.
In 1988, NTN Toyo established its first technical center in Michigan, added a bearing-hub factory in Elgin, and partnered with GKN Transmission andBorg-Warner to produce constant-velocity joints inAustralia under the name Unidrive. Borg-Warner owned 50% of the company, GKN owned 30% and NTN Toyo owned 20%.
In the following year, NTN Toyo changed its name to NTN Corporation while creating a new constant-velocity joint factory andresearch and development center for NTN Driveshaft inColumbus, Indiana.
As a result ofglobalization, with bearings being further governed by international guidelines, NTN consolidated its foreign operations while trying to expand further into cutting edge markets. In order to expand North American operations, the company formed NTN USA Corporation, which was slated to become a holding company for their existing US divisions. They also established an office to oversee the fabrication activities of their existing operations. One of NTN's objectives was to begin production of constant-velocity joints in North America. One of their first steps in doing so was the 1996 purchase of Federal-Mogul's ball bearings sector.
In addition to North America, NTN established in 2000 a constant-velocity joint and bearing manufacturing facility inThailand called NTN Manufacturing Company Limited. To manage the explosion of the company's portfolio, colloquially known as the "Four Base Production and Sales System", NTN reorganized its operations. As a result, NTN Sales Corporation was made a part of the conglomerate.
The following year, the company partnered withFAG Kugelfischer Georg Schafer AG to sell bearings in both North America and Europe. This partnership helped create factories in both Portugal and Hungary. NTN also started its "Management System Transformation Project" with the goal of making its regional and international operations more efficient. A Program Office was created to manage a number of subprojects. These subprojects were created to improve client relations and improve productivity.[1]
The company then in 2002, took part in three separate joint ventures. First, they set upShanghai NTN Corporation for the purpose of producing constant-velocity joint cassettes. Second, working withNidec Corporation, created NTN-NIDEC Corporation inZhejiang,China. Then, in their final joint venture that year, the company, in conjunction withTaiwanYulon Group Corporation, createdGuangzhou NTN-Yulon Drivetrain to fabricate additional constant velocity joints. The year after this, three new companies were formed, two in the United States and one in China. The two American companies, named NTK PrecisionAxle Corporation and Asahi Forge of America Corporation providedheat treatment andforging services, respectively. The company in China was calledBeijing NTN-Seohan Driveshaft, and served as an additional manufacturing facility for their constant-velocity joint platform.
In 2004, NTN Mie Corporation and Shangzhou NTN-Guangyang Corporation were formed for bearing fabrication whileNagano Works,Kuwana Works, Iwata Works, andOkayama Works earnedISO/TS16949 andISO9001certifications. Next year, NTNKamiina Corporation and NTN's General Research & Development Center (Iwata) were formed domestically while NTN Investment Corporation (China), NTN-NIDEC (Thailand) and NTN ManufacturingIndia were formed abroad. The year after, in 2006, NTN Corporation made two grand investments. These investments included infusions into IFA-Antriebstechnik GmbH, a producer of constant velocity joints inIFA Group as well as SNR Roulements, a sub-tier ofRenault (which became part of NTN Corporation in 2008). During that same year, NTNFukuroi Corporation became the company's third local factory for constant velocity joints.
From 2007 to 2009, NTN Corporation entered the large component market by establishing NTN Hakui Corporation inIshikawa. This facility specialized in turning large bearings, whileNanjing Puzhen NTNRailway Bearing Company was formed for the fabrication of railway bearings. Soon after, in conjunction with Korea Flange Co., Ltd. KOFCO Group added Seohan-NTN Driveshaft USA Corporation to its United States conglomerate. In addition to these ventures, NTNHoudatsuShimizu Corporation was set up to manufacture super-large machinery parts and bearings, NTNTransmissions EuropeCrézancy was established by the acquisition of Setfoge's Crézancy facility by NTN Transmissions Europe and NTNShika Corporation was put in place to forge large bearings. Additionally, at the end of this period, NTN's Elemental Technology R&D Center was formed in Kuwana.
In 2010 NTN entered the wind energy market via the establishment of Seohan-NTN Bearing Company. This was a joint-venture with Seohan in South Korea. Additionally, NTN Driveshaft do Brasil and NTN Noto Corporation were formed for constant velocity joints and industrial machinery bearings. Most recently, however, NTN partnered withLuoyang LYC to distribute bearings in China, withmass production in the country expected to begin in 2012.[3]
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NTN USA Corporation, based inMount Prospect, Illinois, was founded in 1990. It is the United States holding company for several subsidiaries that supply ball, roller & mounted bearings, bearing units, constant velocity joints for the aircraft, automotive, fabrication &forklift fields in addition topower transmission equipment.[4]
Founded in 1971, American NTN Bearing Manufacturing Corporation produces steel balls and anti-friction bearings at their facility in Elgin, Illinois.[5]
Founded in 1898 inLancaster, Pennsylvania, as the Star Ball Retainer Company, Star Ball Retainer Company merged with the Bretz Company in 1910 to form the Bearing Corporation of America. NTN Corporation then acquired Bearing Corporation of America in 1996, establishing NTN-BCA Corporation inLititz, Pennsylvania the following year.[6] The company produced ball, mounted and needle roller bearings used in clutch releases, engines and heavy industrial equipment in addition to constant velocity joints for aerospace, automobile, forklift and manufacturing customers. The company made an announcement that they had plans to close the plant in 2009.[7]
With roots tracing back to 1963, NTN Bearing Corporation of America ofMount Prospect, Illinois, produces and distributes roller and ball bearings to the United States industrial, automotive and recreational clientele. Products manufactured by the company include agricultural and farm implement bearings, angular contact ball bearings, automotive bearings, ball and roller bearing mounted units, cylindrical roller bearings, electrical motor bearings, heavy industrial bearings, machine tool bearings, micro and miniature ball bearings, needle roller bearings, radial ball bearings, spherical roller bearings, tapered roller bearings and ultra-class bearing units.
In addition to the bearing products produced by the company, the facility manufactures constant velocity joints and precision equipment.[8]
Guangzhou NTN-Yulon Drivetrain was formed in 2002 to manufacture constant velocity joints. The company is a partnership with Yulon Group, a company that manufactures automobiles through Aeolus Motor Corporation and South East Motor Corporation.[9]
NTA Precision Axle Corporation ofCarol Stream, Illinois, was established in December 2010 is a joint venture between Asahi Forge Corporation, NTN Corporation and Takano Kogyo. The company has plans to integrate forging, heat-treatment and turning in order to pre-process automobile hub bearings starting in June 2011.[10]
NTE Gardelegen is a bearing manufacturer based inGardelegen, Germany.[11]
In 2004, NTK Precision Axle Corporation began business with its sole facility inFrankfort, IN. The subsidiary manufactureswheel hub assemblies forfour wheel drive andfront wheel drive vehicles as well as axles for constant velocity joints.[12]
With roots tracing back to 1968, NTN Bearing Corporation of Canada inMississauga, Ontario, produces and sells a broad variety of bearings for applications such as automobile, industrial,recreational, skating andsnowmobile markets. The company owns four strategically placed warehouses and hundreds of distribution outlets for the purpose of offering expedient nationwide service.[13]
NTN Bearing - Malaysia inSelangor,Malaysia, is a producer of ball and roller bearings, drive shafts and other proprietary high-techautomation products. The company has additional branches inButterworth,Ipoh,Johor Bahru andKuantan, Malaysia.[14]
Established in 2003, NTN Bearing Service Co. was formed by Higashinihon NTN Service Corporation, who was a wholly owned subsidiary of NTN Corporation at the time.Kyushu NTN Corporation was absorbed into thewholly owned subsidiary, which also took control of Osaka NTN Pillow Center Corporation inKansai. Theconsolidation was part of structural reform plan "NEW Plan 21", which is based on the philosophy that growth in distributor size will improve the organization's capability to deliver product. The company sells and distributes ball bearings, bearing units, needle roller bearings, parts feeders and plummer blocks. The company has facilities inHokkaido, Kyushu, Osaka andTohoku.
Founded in 1971, NTN Bearing-Singapore is a regional distribution center of bearings, constant velocity joints and precision equipment for theSoutheast Asia region.[15][16]
Established in 1964,[17] NTN Bearings (UK) ofLichfield,Staffordshire, is a producer of ball bearings and roller bearings.[18]
NTN-Bower Corporation inMacomb, Illinois, is one of North America's most prominent producers of tapered roller bearings, fan housings, mass weights, precision roller bearings and other related components.[19]
NTNCasting Corporation is a wholly owned subsidiary of NTN Corporation based inHirata,Shimane Prefecture. The company is a member of the JapanCast IronFoundry Association, and performed research on the recycling of castingsand for use asroadbed material, which has historically taken up space inlandfills.
NTN (China) Investment Corporation was established in Shanghai in 2005 to oversee its current operations and new projects in China to improve productivity relative to capital, equipment, information, materials, personnel, products, technology and other business resources as well as integrating supply chain channels and advancing new projects.[20]
NTN Driveshaft in Columbus, Indiana, produces constant velocity joints used in four-wheel, front-wheel andall-wheel drive cars.[21]
NTN EngineeringPlastics Corporation inInabe District, Mie, producesthrust washers, smooth and flanged one, two and three-layersleeve bearings and high-performancesliding bearings. Additionally, the company providessheet, rod and pipe stock to its customers to allow them to produce their own components. Using the latest in engineering plastics technology, the company produces its products using base materials such asaromaticpolyester,elastomer (“Sliding Rubber”),fluoro oil, fluoro plastics,polyamide,polyamideimide,polyetheretherketone,polyethylene,polyimide,polyoxymethylene (polyacetal),polyphenylensulfide andtetrafluoroethylene.[22]
NTN Franc3 was established as a joint venture with INA-SIDAG in 1964 as NTN SIDAG S.A. The company became an NTN subsidiary almost one decade later.
In 2006, due to the increasing worldwide need for lighter, quieter, smoother riding constant velocity joints and their subcomponents, NTN Corporation created a subsidiary inFukuroi,Shizuoka, called NTN Fukuroi Corporation. This was their third constant velocity joint manufacturing facility in Japan, and their fourteenth globally.
NTN Houdatsushimizu Corporation inHakui District, Ishikawa, was established in 2009 to expand the company's capabilities in producing extra large bearings used in large industrial machinery such as wind turbines.
NTN Kamiina Corporation inKamiina District,Nagano, was established next to NTN Nagano Works in late 2005 to produce high precision rollers to meet demand for NTN products that utilize rollers. The factory began production of these components in early 2006.
With operations dating back to 1975, NTN Kinan Corporation inWakayama, Japan, produces automotive axle bearings for automakers in Japan. In 2008, the company expanded its production capacity by over 15% in order to supplement the automotive industry.
Established in 1961 as Kongo Bearing Company, NTN Kongo Corporation manufactures and develops not only radial ball bearings, pillow block bearings, bearing units and clutch release bearings, but also develops and produces bearing production equipment used by NTN Corporation.[23][24]
NTN Kugellagerfabrik (Deutschland) GmbH in Mettmann, Germany, manufactures gears, ball and roller bearings, mechanical power transmission equipment such as cranks, transmission shafts,camshafts, bearing housings and plain shaft bearings.[25]
Formerly known as Keiji NTN Corporation, NTN Mie Corporation in Kuwana-gun, Mie Prefecture was created in 1994 near NTN Kuwana Works and the Kuwana Engineering Center as a model for the domestic production of bearings.
NTN Mikumo was formed in 1988 to produce needle roller bearings and constant velocity joint subassemblies and components.
NTN Noto Corporation was established inHakui, Ishikawa, to produce and distribute bearings for construction, industrial wind power, mining and steel clientele. The company plans to begin operations in April 2012.[26]
With roots dating back to 1966, NTN Omaezaki Corporation produces needle roller bearings at its facility inOmaezaki,Shizuoka Prefecture.
NTNPowder Metal Corporation originated in 1966 as Toyo Bearing Powder Metal Company. The company was responsible for developing NTN BEARPHITE (TM) bearings in conjunction with its parent company. NTN BEARPHITE (TM) bearings are fluidhydrodynamic bearings made fromsintered material whose sliding bore surface has hydrodynamic grooves shaped likeherringbones, which permit higher rotational accuracy at faster speeds. Such bearings are used inaudiovisual equipment, automotiveelectrical equipment,household appliances andoffice equipment.[27]
Founded in 1916 as SNR Group inAnnecy,France, NTN-SNR Roulements develops, produces and markets bearings for airplanes,agriculture, agrifood industry, automotive,construction,electric motor/pump,helicopter, industrial,machine tool,mining,paper, railway,space vehicle,steel,textile,transmission andwind turbine clientele.[28] Bearing products that the company produces include accessory, alternator,cast ironself-aligning ball bearing units, cast-iron pillow blocks,clutch-release, engine, gearbox, lubrication products, self-aligning bearing units, spherical roller and topline bearings, starter,suspension and wheel bearings in addition to specialty bearings. Other products that the company manufactures includeheavy goods vehicle products, high precision ball, roller or needle, and combined bearings,linear motion, maintenance, andmechatronic products, range extensions, self-aligning bearing units,timing products and transmissionseals.[29]
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