Date: 2013-08-01

NTN Invests in German Auto-parts Manufacturer(Pic)

NTN has decided to invest in IFA-Antriebstechnik GmbH ("IFA-AT"), a Constant Velocity Joint ("CVJ") subsidiary of IFA Group, which has a strong business relationship with Volkswagen Group ("VW"), the largest auto manufacturer in the European market.

Aims of the purchase of IFA-AT

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