Japan Seiko Co., Ltd. enters the Chinese bearing mid-end market

by:Gewinn     2022-05-06
A few days ago, Nippon Seiko Co., Ltd. (hereinafter referred to as NSK) and China's well-known private bearing enterprise Ningbo MOS Group Co., Ltd. (hereinafter referred to as MOS) invested 25% of the shares of NSK in MOS, thus reaching a capital cooperation in the bearing business. It shows that NSK has officially entered the bearing mid-end market by strengthening cooperation with local strong enterprises. Since 1995, NSK established Kunshan Ensk Investment Co., Ltd. in Kunshan, Jiangsu, which opened the prelude to NSK's bearing production in China. Since then, following the pace of China's economic development, NSK's business in China has also continued to expand. At present, NSK has built 12 factories in China, producing and selling mechanical bearings, automobile bearings, auto parts, precision instrument related products and so on. In recent years, in China, in addition to the high-end bearing market mainly produced by Japanese and European and American companies such as NSK, the demand for products in the mid-to-high-end market is also expanding rapidly. To this end, NSK invested in Gongzhuling Bearing Co., Ltd., a subsidiary of MOS that produces automotive bearings, in September 2012, with a shareholding ratio of 10%, thus promoting the cooperation between the two sides in the Chinese market. By strengthening the cooperation with MOS, a strong local private enterprise in China, NSK understands and masters the product manufacturing corresponding to the mid-to-high-end market and learns how to develop this market, thereby laying a solid foundation for further rooting in China and developing its business in China.
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