JTEKT Corporation and Fujio Corporation four years ago

Japan's four major bearing manufacturers being investigated alleged price fixing
2011/07/28 09:05 Source: People
Recently, Japan's four major Bearing test machine manufacturers bearing on suspicion of trading in the implementation of price fixing in violation of "antitrust" and accept the Japanese Fair Trade Commission to force investigation. Industry sources, the 2009 entering recession period, this four manufacturers still continue to raise commodity prices, and to explain the ordering party, said: "In this way even close to the price of the leading enterprises in the world."

Fair Trade Commission considers that the interpretation suspected as an excuse to bid up prices, the ongoing investigation.

Said the person, Seiko Corporation of Japan, NTN Corporation, JTEKT Corporation and Fujio Corporation four years ago, in 2004, after the company allegedly began to raise product prices through negotiation. The company will also sell to wholesalers of products produced according to specifications "pricing table", almost every spring uniform improvement "pricing table" price. NCB Bearing Company is a major global differential transmission parts, bearings and related components supplier. The acquisition is BearingTechnologies in the past five years, the third most important acquisitions.
     BT LazTromler president and CEO of the company said that this acquisition to achieve 2010 sales of $ 110 million target important strategic step. In addition, he also said the acquisition to achieve a win-win benefit, the company will achieve a smooth transition, the customer will not have any negative impact. After the acquisition, BT companies and NCB bearing company could expand in the automotive and heavy truck aftermarket products supply category.
     Bearing Company President and Chief Executive Officer of NCB William "Bud" Hagy said the company's goal has always been to supply our customers the most comprehensive range of products. After the acquisition by BT, the company can provide customers with a wider range of products and services.