NTN Corporation Overview
Company Headquarters: Japan
Founded: 1918
Workforce: ~25,000
Company Working: In Japan, the Americas, Europe, other Asian nations, and globally, NTN Corporation and its subsidiaries manufacture and market bearings, drive shafts, precision equipment, and other items. Rolling bearings, such as radial and thrust ball, radial and thrust roller, special application, and linear motion bearings; plummer blocks; bearing units; slip bearings; constant velocity joints; automatic tensioners; clutches; electric motor and actuator; sensor related products; parts feeders; electro mechanical brake systems; condition monitoring systems; composite materials; and plummer blocks; bearing units; slip bearings; constant velocity joints; automatic tensioners; clutches; electric motor and actuator; electric motor and actuator. It also sells aftermarket parts and offers servicing. Automobiles and motorcycles, electric vehicles, rolling stock, wind turbines, construction and mining machinery, agricultural machinery, office machinery, steel manufacturing machinery, machine tools, paper manufacturing machinery, food machinery, medical equipment, aerospace, precision equipment, robots, electrical machinery, vacuum and clean, gearboxes, and green energy markets are all served by the company.
Strategy
NTN Corporation is focused on digitalization of resources that the company has developed over the years. The company focuses on development of innovative technologies, products and services and improving its efficiency in the market. The company aims to outsource existing products and businesses and focus management efforts on products and processes where NTN's technology strengths may be applied. NTN Corporation also strategizes to improve productivity and operational efficiency by implementing cutting-edge digital technologies, such as establishing a new factory (Wakayama) based on a new concept (smart factory), implementing a new IT core system, and implementing RPA. The corporation also wants to improve its financial position by lowering inventory and shortening production lead times through production improvements, among other things.
