Seiko plans next year in South Korea commissioned the production of high precision bearings

Seiko plans to start next year in South Korea for the production of high precision bearings automotive transmission products, its cost of production plants in South Korea, Japan is only about 80% of domestic production costs.
Seiko previously mainly in its Saitama, Japan (Saitama) plant bearing products, because the production of these products processing requirements for steel and high technology research and development through the company later began using lower prices in China to produce products bearing steel , comparable to the quality of these products from Japan factory bearing products.
Seiko is expected that by 2019 the global automotive transmission system demand will grow by at least 30%.
Japanese and Korean car prices local vehicle production is growing, Japan and South Korea through the supply of local car prices lower costs of production of high-precision Precision bearing products, Seiko is expected in this business in 2015 to get 3 billion yen (3,560 ten thousand U.S. dollars) in revenue.Small enough to watch, large aerospace, all industrial projects are inseparable one product - bearing. Future, Hefei will add a "bearing industry are" gold standard. I was informed that Beijing New Merchants Alliance Investment Co., Ltd. (hereinafter referred to as the "New Merchants Union") plans to build China Hefei Bearing Technology Industrial Park.
  "This will be a unique and the largest in the domestic bearing themed industrial park." New Merchants Union chairman Yan Wensheng told the author, Industrial Park covers an area of ​​about 600 acres, will set research and development, exhibition, trade, warehousing, logistics, etc. multiple formats into one, is expected to introduce more than 300 enterprises, 10 research institutes, the output value 15 billion to 20 billion yuan, profits of 1 billion yuan. After completion of the project will be declared the national Torch Program industrial base.