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NTN increase share

:: admin

This is to announce that NTN Corporation (NTN) has increased Shareholding in SNR Roulements (SNR) to 51% on April 7 2008.
SNR is No.1 in France and one of the leading bearing manufacturers worldwide. By its joining to NTN group and integrating technical strength, production and market development capabilities of both NTN and SNR, NTN will reinforce business structures and improve its presence especially in European market.

[for reference]

Company name:SNR Roulements
Location:1, rue des Usines, 74010 Annecy, France
Business lines:Manufacturing and distribution of bearings and components used in automotive, industrial, aircraft and space equipment
 No.1 in France, 7th bearing manufacturers worldwide in sales (estimate)
Establishment:1916: Established a company manufacturing bearings named SRO (Schmid de Roost Oerlikon)
?ball bearings, tapered roller bearings, precision bearings, clutch release bearings, spherical roller bearings, and cylindrical roller bearings
Main facilities
?Manufacturing: France (2 companies, 5 facilities), Brazil (1 company), Romania (1 company), Italy (1 company), etc.
?Sales: France (1 company, 2 facilities), Germany (1 company, 3 facilities), Spain (1 company), Italy (1 company), Morocco (1 company), Argentina (1 company), USA (1 company), Japan (1 company), etc.
?SNR has a research and development facility in France (Annecy)
Headcounts:About 4,000 (SNR Group)
Main customers:Supplying to mainly auto makers in Europe and Americas in addition to RENAULT, and also to industrial makers
Sales:2007 Actual about 100 billion yen

[Inquiries about this release]

NTN Corporation
PR and IR Group,
Corporate Planning Department

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