Merger of NTN Powder Metal Corporation and Nippon Kagaku Yakin
November 24, 2015
Japan’s NTN Corporation has announced that its consolidated subsidiaries NTN Powder Metal Corporation and Nippon Kagaku Yakin Co., Ltd. will be merged on December 1, 2015, to form NTN Advanced Materials Corporation.
NTN Powder Metal Corporation was established in Kanie Town, located in Ama District, Aichi Prefecture in August 1966, and has been involved in the manufacture and sales of sintered products made from powdered metals. In recent years, the company successfully developed high-strength sintered products with major improvements made to fatigue strength and density.
Nippon Kagaku Yakin Co., Ltd. was established in October 1947, and has been active in Kameyama City, Mie Prefecture with the manufacture and sales of sintered alloy products and magnetic material products required for voltage conversion and noise rejection of medical devices and industrial machineries. It joined the NTN Group in September, 2011.
With the merger of these two companies, NTN is aiming to complement their relative technologies and knowhow to strengthen its collective technical capabilities. With advances being made to autonomous driving technology, NTN stated that it is focusing more on high value-added products such as next-generation unit products and module products for electric vehicles.
NTN Advanced Materials Corporation will cover the manufacture and sales of composite material products, such as products that use powders and alloys made of powder, products that use carbon, and products that use high-molecular weight materials.