Home Blog Ntn Expands European Cvj Business By Acquiring Setforges Crzancy Plant Pic

Ntn Expands European Cvj Business By Acquiring Setforges Crzancy Plant Pic

Release time : 2015-06-15 08:30:25
NTN Transmission Europe (hereafter NTE), a constant velocity-manufacturing subsidiary of NTN Corporation (hereafter NTN) has decided to acquire the Cr|zancy Plant of SETFORGE, a leading forging manufacturer in France on June 1, 2008. The Cr|zancy Plant is NTE's main forging supplier. Background of Acquisition Cr|zancy Plant is an important forging manufacturer which supplies about 50% of NTE?s total forging procurement and uses high-level forging techniques for CVJ parts, including an in-house capability to design and manufacture dies. NTN will increase its CVJ market-share in Europe as well as establish a stable procurement system for CVJ parts while expanding local procurement. NTN will achieve further quality improvements and cost-cutting through faster product development by combining NTN's forging know-how with the Crzancy Plant's techniques. Outline of the new company Company name : NTN Transmissions Europe Cr|zancy (after acquisition) Business lines : Development, manufacturing, and sales of CVJ outer ring forgings Location : Cr|zancy(Picardie, Aisne, France) Sales : approx. 2,000 million yen (shipments made only to NTE in 2007) Employees : approx. 100 (December 2007) Acquisition cost : approx. 400 million yen Outline of SETFORGE Business lines : Development, manufacturing, and sales of forgings for automobiles and industrial machinery Established : 1906 Head quarters : France Business office : 4 plants (excluding Cr|zancy Plant) in France. 6 business bases (Germany 1, Spain 1, India 1, Taiwan 1, and USA 2) Sales : approx. 18,000 million yen (Fiscal 2006) [Reference:Location of Czancy Plant]