NTN Corporation and NSK Ltd. have executed a memorandum of understanding to explore the possibility of a future for business integration. NSK has supported global industrial development since 1916 through bearings and automotive precision machine components. NTN has developed bearings, drive shafts and precision equipment since 1918. Pictured above is an overview of NTN's product line. (Image: NTN Corporation)

The changing business environment (including a slowdown in China's economic growth, weak conditions in the European manufacturing sector and the impact of U.S. tariff policies) has created an opportunity to explore structural reforms including production restructuring. NSK and NTN have reached an understanding that business integration is necessary to achieve long-term profitable growth.