Oct.28, 1999

Minebea Co., Ltd.

Minebea decides to step up Ball Bearing production

Minebea Co., Ltd. is holding its "Top Meeting" in Bangkok, Thailand on October 28 and 29, 1999 attended by all directors, all general managers of its divisions, and executives of manufacturing and sales divisions, totaling to about 200 persons.

At the meeting, Minebea is reviewing its business results for the first half of the current fiscal year and updating its forecasts for the second half and for the next fiscal year. At the October 28 meeting, Minebea has decided to increase production capacity of ball bearings, which are the Company's primary product, by 25 per cent to a monthly output of 150 million pieces from the present output of 120 million pieces per month.

Both internal and outside sales of ball bearings used in PC-related products ( spindle motors for HDD's, HDD pivot assemblies, fan motors, etc.) are increasing, and the decision has been made to cope with the demand that has outnumbered Minebea's production capacity.

Minebea will not build new manufacturing facilities and plans to step up production by 10 million pieces per month at its Shanghai plant through installing new equipment and 20 million pieces per month at other existing plants (three in Thailand, two in Singapore, and one in U.K.) through improving productivity further. The Company intends to invest about 10 billion yen and complete the step-up in production by the end of the year 2000.

Minebea's current production capacity is as follows:

Three plants in Thailand 70 million pieces/month
Two plants in Singapore 30 million pieces/month
U.K. plant 10 million pieces/month
Shanghai plant 10 million pieces/month

While expediting the completion of production step-up, Minebea intends to deal with the growing demand by increasing working days/working hours temporarily.

For further inquiries, please contact:
Minebea Co., Ltd. Corporate Communications Office,Corporate Planning Department
Ryusuke Mizukami, Managing Director
Yasuaki Miyahara, In charge of corporate communications
Tel: 81-3-5434-8637
Fax: 81-3-5434-8607
Email: rmizukam@minebea.co.jp
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.

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