Japan's NSK eyes great market potential in Hangzhou

NSK Ltd, the largest bearing manufacturer in Japan, is looking to expand its operations in Hangzhou due to its "sound investment climate and complete industrial infrastructure", said Yu Guoping, vice president of NSK China.

In Oct 26, the auto parts supplier will break ground on a new factory on automotive components in Xiaoshan, the most economically developed district of Hangzhou.

It is expected to be put into operation before the end of 2019.

Covering an area of 80 mu (5.33 hectares), the $100-million factory will focus on the research and development of components of new energy vehicles, automotive electronics as well as system integration.

The new production base in Xiaoshan will be the first factory that the company has opened in China since its 100th anniversary in 2016.