At the end of the decade, Toyo created a marketing division called NTN Sales, at the same time, becoming one of the five most prominent bearing manufacturers in Japan, alongside Koyo Seiko, Nippon Seiko, Asahi Seiko and Fujikoshi Kozai. They, along with the other four aforementioned companies held over 75% of that country's bearing market the following year. Three years later, in 1954, NTN Sales received the Deming Prize for statistical quality control while continuing to diversify its product offering. In 1956, the company started to manufacture expansion compensating bearings.
Due to the incredible growth that Toyo underwent, the organization decentralized by creating subsidiaries to oversee new products. In 1961, Toyo set up a joint venture with INA Wälzlager Schaeffler called NTN Wälzlager Europa in order to manufacture needle bearings. Toyo utilized design data from INA Wälzlager Schaeffler to make these products. They also established Kongo Bearing Company to manage the creation of pillow block bearings. One year later, Toyo founded Senyo Kosakuki Kenkyujo, a maker of ball bearing equipment. In 1963, Toyo entered into business with Hardy Spicer to produce Birfield-type constant-velocity universal joints. They also pursued business overseas by establishing NTN Bearing Corporation of America. The following year, working with GKN Transmission, the company fabricated constant-velocity joints in their home country and formed NTN Bearing-GKN while also opening a facility in Europe called NTN France. The year after that, Toyo started manufacturing oil-impregnated sintered bearings and pipe fittings. Four years later in 1968, the company set up yet another facility in North America called NTN Bearing Corporation of Canada.
Keywords
end
Toyo
maker
order
Japan
Canada
Europe
decade
creation
business
facility
NTN Sales
same time
Koyo Seiko
design data
Asahi Seiko
subsidiaries
home country
new products
Hardy Spicer
organization
Deming Prize
Nippon Seiko
joint venture
pipe fittings
North America
NTN Bearing-GKN
needle bearings
Fujikoshi Kozai
product offering
GKN Transmission
incredible growth
marketing division
pillow block bearings
Kongo Bearing Company
ball bearing equipment
NTN Bearing Corporation
Senyo Kosakuki Kenkyujo
constant-velocity joints
INA Wälzlager Schaeffler
statistical quality control
expansion compensating bearings
oil-impregnated sintered bearings
other four aforementioned companies
five most prominent bearing manufacturers
Birfield-type constant-velocity universal joints
