Seiko Japan decided to set up a manufacturing subsidiary in Mexico in order to meet the growing Mexican auto production and meet the growing car sales in UnitedStates, Canada and Mexico, NAFTA market .
The new company is located in Mexico, Guanajuato (Guanajuato), the name to Japan Seiko bearing manufacturing Mexico (NSK Bearings Manufacturing Mexico SA de CV) and put into operation, will focus on operating the manufacturing and sales of automotive bearings, Japan Seiko senior Steven Beckman, vice president, will be responsible for the subsidiary's business in Mexico.
In addition, Japan's Seiko will spend $ 70 million to build a new factory, which covers an area of 100,000 square meters, an engineering construction area of nearly 13,000 square meters, the plant is expected to start production in the spring of 2014.
Establish a subsidiary in Mexico will help the Japan Seiko supply of automotive bearing products for local customers more timely , and increase production capacity in North America, to expand the North American auto parts business in Mexico. In addition, Japan's Seiko also hopes to though expand production capacity in North America to solve the exchange rate fluctuations problem.