ADTech joint venture total investment of about 500 million yen, about 60 employees

NSK established a joint venture with Toshiba Corporation
 2010.10.29 NSK distributor in China editor, recently, the Japanese Precision bearing  automotive products, precision machinery parts, and machinery and electronics products manufacturer Seiko Co., Ltd. (NSK LTD.) And the world's top 500 industrial, mechanical and electrical industries in Japan relatively large monopolies Toshiba joint venture company established ADTech automotive steering systems.
 ADTech joint venture total investment of about 500 million yen, about 60 employees, the main objective is to develop an effective integration of NSK, electronic, mechanical, and other vehicle safety technology experience and Toshiba advanced electronics and software technology automotive steering systems. NSK and Toshiba hopes that the demand of the system as the number of green vehicles increases, because, compared to hydraulic power steering, electric power steering system is more energy efficient.
 NSK established a joint venture with Toshiba ADTech NSK Steering Systems, the joint venture will own a 51% stake, while Toshiba will occupy a total investment of 200 million yen ($ 2,480,000 aggregate) 49% of the shares.
 About NSK NSK China introduce and Toshiba Corporation:
 Seiko Corporation of Japan (NSK LTD.) Was founded in 1916, is Japan's first domestic design and production of bearings. For decades, NSK NSK developed countless new bearings, to meet the needs of users around the world, and for industrial development and technological progress have made a great contribution. NSK also by virtue of its precision machining technology, continuous development of taper roller bearing parts, precision machinery components, precision products, electronic applications in the field of active diversification.
 Toshiba Corporation is a Japanese multinational companies. Japan's relatively large electromechanical industry monopoly. Predecessor was founded in 1875, Tanaka Seisakusho. 1893 was renamed Tokyo Shibaura Seisakusho. 1934 and Tokyo Electric Company merger, said Tokyo Shibaura Electric Company. Headquartered in Tokyo. Toshiba Corporation is closely related with the U.S. General Electric Company. The company's products very much, mainly in the heavy electrical equipment, industrial electronic equipment and electronic components, consumer electronics and other products. 1970s to develop atomic energy, ocean development and space development and other industries.