NTN Building Auto Parts Plant In Thailand

NTN Corp. said Monday it will establish a plant in Thailand to produce bearings and other automotive parts to meet growing demand in Southeast Asian markets.

OSAKA -- NTN Corp. said Monday it will establish a plant in Thailand to produce bearings and other automotive parts with an investment of around 2.5 billion yen to meet growing demand in Southeast Asian markets.

The Osaka-based maker said its second Thai plant in Chonburi Province will start production in October.

It also said it will jointly build a new factory with Takao Kogyo Co., another auto parts maker based in Aichi Prefecture, on the same premises as the new plant to promote start-to-finish production.

The two companies aim to start operations in February next year and to export their products to Europe and the United States in the future.

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