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Business

NSK to employ 30% more engineers in China

TOKYO -- Bearing supplier NSK will increase its engineering staff in China by a third as its automaker customers expand vehicle development in the world's biggest market for cars.

     The Japanese company plans to have more than 250 engineers working in China three years from now, including at its technology center in Kunshan, near Shanghai. It will hire more young, Chinese-educated talent.

     They will design parts for Japanese carmakers, which account for more than 70% of NSK's auto-related sales in China, as well as Volkswagen and others.

     NSK holds the biggest share of China's bearing market. It aims to grow sales there by 20% to 200 billion yen ($1.93 billion) in fiscal 2015.

(Nikkei)

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