Post Tagged with: "ntn"

NTN-SNR Aerospace activity

NTN-SNR Aerospace activity

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NCIS and NTN fight to combat counterfeit bearings

On the 25 June in South Carolina, the Naval Criminal Investigative Service (NCIS) raided a bearing storage unit. After an investigation, NCIS concluded that the warehouse was illegally distributing low quality, counterfeit bearings. They managed to seize hundreds of fake NTN Bearings products, as well as several other major Japan and US manufacturers.

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China fines Japanese car parts firms for price fixing

China fines Japanese car parts firms for price fixing

China has fined 12 Japanese car part firms for a record amount of 1.2bn Yuan ($202m; £121m) for price-fixing. The country’s anti-monoloply regulator, National Development and Reform Commision (NDRC), has said the companies were working together to reduce competition.

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