NSK, a leading bearing manufacturer, has a project to expand its R&D headquarters in China,
which aims to further increase its presence in the country.
Their headquarters is located in the Overseas Chinese Economic Development Zone
and is expected to be completed in August 2024.
Benefits NSK sees from the investment
This investment by NSK has multiple benefits as they will be able to hire more staff to increase their research capacity,
develop their technology and expand their business in China.
NSK’s CEO said that the investment will enable the company to develop technology and manufacture
high-quality products at lower prices to stay ahead of the curve in bearing manufacturing and satisfy Chinese customers.
NSK’s various business expansion plans
The company also announced that it will enter various sectors that require high technology,
such as robotics, high-speed rail, and medicine, not just bearings.
Experts have different opinions about NSK’s various business expansion plans.