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...In an announcement to the Tokyo Stock Exchange on Tuesday, Japan’s NSK Ltd said the National Development and Reform Commission had ordered it to pay a penalty of Rmb174.9m ($28.5m) for violations of China...
...One of the ball bearing companies involved, NSK Ltd, informed the Tokyo Stock Exchange on Tuesday that it had been ordered to pay a penalty of Rmb174.9m for unspecified violations of China’s anti-monopoly...
...Japan’s NSK Ltd, which makes bearings and other car components, said the National Development and Reform Commission had ordered it to pay a penalty of Rmb174.9m ($28.5m) for alleged antitrust infractions...
...Ball bearing supplier NSK added 4.8 per cent to Y716 after saying it expected improved full year earnings following a strong rise in demand from carmakers....
...Weak roots: hundreds of Teesside chemicals jobs are under threat; Japan’s NSK is closing a steering systems factory at Peterlee with the loss of 160 jobs; Northern Rock made a half-year loss of £725m....
...Machinery maker Komatsu gained 2.9 per cent to Y1,632, while NSK, which makes ball bearings for precision machinery and autos, gained 4.9 per cent to Y558....
...For NSK’s Fujisawa plant that suggests the future is relatively bright....
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