CHINA: Timken and NSK form JV to build plant
The Timken Company and NSK Ltd. have agreed to form a joint venture that will build a plant near Shanghai, China to manufacture tapered roller bearing product lines. Construction of the plant is to begin later in 2002, and production is scheduled to start early in 2004. Ownership of the joint venture, Timken-NSK Bearings (Suzhou) Co. Ltd., will be divided evenly between Timken and NSK.
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