Date: 2013-08-20

Japan Seiko intends in Korea production low cost auto bearing products

This Seiko plans to begin next year in Korea production of high-precision bearing products for automotive transmissions, in Korea factory cost of production only amounted to Japan 80% domestic production costs.
Japan Seiko before major Japan Saitama (Saitama) factory producing bearings products due to higher demand for steel and processing technology of the production of these products, subsequently adopted the company's technology research and development, start using lower-priced Chinese steel production bearings products, comparable to the quality of these products from Japan factory bearing products.
Japan Seiko is expected, to the year 2019 transmission system in global demand will increase by at least 30%.
Japan and the Korea local automakers auto production is growing, through to Japan and the Korea local car companies supplying lower-cost high-precision bearing products, Japan Seiko in 2015 in this business, is expected to receive 3 billion yen (US $ 35.6 million) in operating income

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