Textile Machinery Belt Maker Opens Third Plant in Jiangsu
Source: bharattextile Date: 2007-06-21
The Japanese-based Nitta Group has established its third enterprise in the Changzhou High-Tech Zone, in China's eastern province of Jiangsu.
The company has invested USD28 million in China with two joint companies already established and the new one in Jiangsu under the name of Nitta Corporation of Changzhou.
A Japanese listed company, Nitta was established in 1885 and was Japan's first manufacturer of driving belts. Its products now enjoy a wide variety of uses in textile machinery, printing machinery, paper-processing machinery and automotives, as well as semiconductor and liquid crystal equipment.
The Company's sales and profits both reached historical highs in March this year. In December 2004, Nitta and Western Japan Trading Co., Ltd. and ITOH METAL Co., Ltd. established NITTA MOORE TECHNOLOGY (CHANGZHOU) Co., Ltd. and CHANGZHOU NITTA MOORE ITOH METAL Co., Ltd. to produce hydraulic equipment for production machinery, low-power pneumatically controlled valves, auto brake assemblies and precision hardware.
Nitta Corporation of Changzhou will mainly produce such precision driving belts like flat belts, and its sales are expected to surpass RMB20 million in 2007 and increase by 40% to RMB28 million in 2008.
Nitta innovated poly belts, PolySprints, SEB and other products. Poly belts are made of thin and tough Polyamide films and highly wearable special synthetic rubber which are in driving machines in the fiber, paper-making, and flour milling industries.
Nitta products are highly praised across a number of industries due to their good performances.
