Date: 2013-08-01

NTN Establishes CVJ Production Base in Brazil

NTN Corporation (hereafter, NTN) has decided to purchase the assets of tedrive Sistemas de Chassis do Brasil Ltda. (hereafter, tedrive Brasil), the Brazilian subsidiary of tedrive Holding B.V., and establish a new company to manufacture and sell constant-velocity joints (hereafter, CVJs) to meet the rising demand for automobiles in Brazil.

1. Purpose of establishing the new company
NTN is accelerating the expansion of its business in emerging nations that include China, India, and Brazil as one of the key tasks emphasized in the company's medium-term management plan,

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