NTN Says Wind-Power Bearing Sales to Beat Target on Fukushima
This article is for subscribers only.
NTN Corp., a Japanese maker of bearings for cars and industrial gear, expects sales of the devices used in wind-power generators to exceed target after the Fukushima disaster spurred demand for alternative energy sources.
NTN may reach its revenue target for the specialized bearings six months or a year earlier than previously estimated, Shigeyoshi Takagi, president of the Osaka-based company, said in an interview this week. The company had expected the segment to rise six-fold in the three years ending March 2014, he said, declining to give specific figures.