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businesses, regions, and customers. (Includes long-term purchase guarantees and
preferential purchasing from specified customers.)
④ Acquire and leverage production capabilities and low-cost production know-how in
specified businesses and regions.
⑤ Acquire and leverage management know-how. We will focus on HR Management,
negotiation skills, and expertise in navigating local regulatory environments.
⑥ Achieve economies of scale (includes sharing of complementary resources and
consolidation of redundant resources) and decrease both investment burdens and risks
in specified businesses and regions.
⑦ Strengthen negotiating power with customers through improvement of production and
engineering capabilities in specified businesses and regions.
⑧ Strengthen NTN’s business portfolio through the gradual purchase of core businesses
(creating management synergies through gradual integration of corporate cultures for
purchasing businesses).
⑨ Strengthen the business portfolio through the gradual sale of non-core businesses
(avoiding social and employment problems by gradual integration of corporate cultures
for selling businesses).
⑩ Leverage Free Trade Agreements between countries and tax preferences in specified
countries.
- NTN Experience -
In the strategic partnership (JV: France) between NTN and Renault, the main
objectives of NTN were numbers ②, ③, ④, ⑤, ⑥, and ⑧ above, while the main
objectives of Renault were numbers ①, ②, and ⑨. 【← The strategic rationale of NTN
= The expansion of its CVJ business in Europe by establishing a foothold with Renault,
and boosting NTN’s bearing business (e.g., W/B) by use of the SNR brand and synergies
between NTN and SNR.】
In the strategic partnership (JV: Germany) between NTN and IFA, the main objectives
of NTN were numbers ②, ③, ④, ⑤, ⑥, and ⑧ above, while the main objectives of
IFA were numbers ①, ②, ⑥, ⑦ and ⑨.【← The strategic rationale of NTN = The
expansion of CVJ business in Europe by getting VW business.】
In the strategic partnership (JV: Guangzhou, Taiwan) between NTN and Yulon, the
main objectives of NTN were numbers ③, ④, and ⑤ above, while the main objectives
of Yulon were numbers ① and ② above.【← The strategic rationale of NTN = The
expansion of CVJ business in China by building a foothold with new customers in the
Yulon Group such as Southeast Motor, and Dongfeng Motor.】
In the strategic partnership (JV: Beijing) between NTN and KOFCO, the main objective
of NTN is number ③ above, while the main objective of KOFCO is number ② above.
【← The strategic rationale of NTN = The expansion of its CVJ business in China by
getting the business with Hyundai Group.】