Sino-Japanese joint venture Changzhou NTN Precision Bearing Co., Ltd. was established

On July 29, 2004, the signing ceremony of “Changzhou NTN Precision Bearing Co., Ltd.” jointly invested by Changzhou Guangyang Bearing Co., Ltd. and Japan NTN Co., Ltd. was held in the Baiyun Hall of Changzhou Grand Hotel. The project has a total investment of 28 million US dollars and is mainly engaged in the development, production and sales of needle roller bearings, cylindrical roller bearings, clutch release bearings and automobile wheel bearings. The sales target is 3.5 billion yen in 2005 and 11 billion days in 2008. Yuan; production base is located at No. 52 Hanjiang Road, Changzhou High-tech Development Zone.

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