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Establishment of joint venture for manufacturing and selling ball screws in China

Japanese NTN Corporation (hereafter NTN) and Chinese Shanghai RABBIT CNC Machine Tools Co.,Ltd. (hereafter RABBIT) established a joint venture for manufacturing and selling ball screws.

With the rapid development of auto industry and other domain in chinese market, the investments of equipment become very active and the needs of various machine tools are also constantly increased. The joint venture provides high-quality ball screws for society using the technical capacity of NTN and the marketing capacity of RABBIT.

New Company Profile

Company Name: Shanghai Laien Machine Tool Parts Corporation

Main business: Manufacture and sales of ball screws

Capital: 3.7 million US dollars

Investors: Shanghai RABBIT CNC Machine Tools Co.,Ltd. (60%), NTN (China) Investment Corporation (40%)

Address: 10-2 Jinwen Road, Nanhui Area, Shanghai, 201323

Estabished Date: February 2006

Manufacture Start: December 2008

Area: 3000m2