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NTN Bower Corporation history
NTN Bower Corporation company history timeline
In 1985 the Federal-Mogul Corporation entered into an agreement with NTN-Toyo Bearing Company, Ltd. of Osaka, Japan to form a corporation dedicated to the domestic manufacture of precision roller bearings.
In 1987 NTN Toyo exercised its option to buy the remaining 40 percent of NTN-Bower and became sole owner.
In 1987, NTN acquired 100% ownership of the company.
In 1988 the company established a technical center in Ann Arbor, Michigan, and once again expanded its United States manufacturing operations, adding a bearing-hub production facility to its Elgin plant.
In 1989 NTN Toyo shortened its name to NTN Corporation.
In 1990, to facilitate the expansion of its manufacturing and sales capabilities in North America, the company invested $50 million to form NTN USA Corp., with the aim of creating a holding firm for its existing United States subsidiaries.
NTN established a 13,000 square-foot, full-time Test Laboratory in 1993.
The company took further steps to enhance its United States presence by acquiring the ball bearings division of Federal-Mogul, a Michigan-based machine tool manufacturer, in 1996.
Closer to home, NTN was busy firming up its presence in Southeast Asia with the formation of NTN Manufacturing Company Limited, a bearing and CV joint manufacturing facility based in Thailand, in February 2000.
NTN implemented the first major change in May 2000, when it absorbed the NTN Sales Corporation into the parent company.
The joining of NTN and SNR in 2006 allowed SNR to expand its business around the world while relying on NTN’s internationally renowned Research and Development capabilities.
NTN welcomed its 100th anniversary in 2018 and is going ahead into the next 100 years.
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NTN Bower Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Kaba Ilco Corp | 1862 | $100.0M | 375 | - |
| Allied Air | 1928 | $109.2M | 200 | - |
| UFP Technologies | 1963 | $504.4M | 1,828 | 34 |
| Mercury Plastics | 1965 | $10.9M | 200 | 5 |
| Rexnord | 1891 | $1.9B | 8,000 | - |
| Productive Plastics | 1955 | $17.0M | 50 | - |
| Dopaco, Inc. | - | $250.0M | 3,000 | - |
| Bay View Industries | 1946 | $11.0M | 100 | 5 |
| Design Plastics | 1972 | $1.8M | 27 | - |
| Micrometals | 1951 | $110.0M | 350 | - |
NTN Bower Corporation history FAQs
Zippia gives an in-depth look into the details of NTN Bower Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NTN Bower Corporation. The employee data is based on information from people who have self-reported their past or current employments at NTN Bower Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NTN Bower Corporation. The data presented on this page does not represent the view of NTN Bower Corporation and its employees or that of Zippia.
NTN Bower Corporation may also be known as or be related to NTN Bower Corporation, NTN-Bower Corp, Ntn bower, Ntn-Bower and Ntn-Bower Corporation.