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Latest Update : Nov.26, 2014
Back to Financial Results (FY3/2015)
Investor Meeting Presentation for 2Q FY 3/2015 held on November 5, 2014
We launched a joint venture in China to manufacture ball bearings. I have mentioned this on numerous occasions in the past, but we have tried to make our own second brand to target the low-priced, mass produced ball bearing market several times in the past, but unfortunately could not increase the yield ratio. This led to a decision to acquire a business, which eventually resulted in the establishment of a joint venture, and our joint venture with WT has begun. Production capacity is around 6 million units per month. This has enabled us to finally fulfill our promise to create a double brand in what could be called a Mercedes strategy, or a strategy of expanding features of the the S-Class to lower end models.
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