NSK has announced the sale of Neuweg Fertigung GmbH
its German subsidiary based in Munderkingen
to British investor Stephen Lord and existing employees Willi Castro Santanella and Dominik Szell
which specialises in the production of small quantities of high-quality rolling bearings
Neuweg was founded in 1954 as a subsidiary of an agricultural machinery manufacturer and was taken over by NSK in 1990
it has since concentrated on the flexible production of rolling bearings in smaller quantities – primarily for the agricultural machinery industry
is the European organisation of the Tokyo-based bearing manufacturer NSK
which was founded in Japan in 1916 and today employs nearly 25,600 people in its worldwide operations
Neuweg Fertigung GmbH’s new CEO Stephen Lord
who brings with him extensive experience in international management
commented: “Our aim is to build on the strong foundation of NSK and utilise the heritage and technical excellence of the Munderkingen plant to expand our global reach.”
Lord will be supported by two long-standing Neuweg executives in Dominik Szell and Willi Castro Santanella
said: “Our focus will be on expanding the product portfolio and further improving our efficiency
while maintaining the highest standards of quality and reliability that our customers value.”
added: “We are determined to preserve the heritage of the Munderkingen plant
while at the same time driving innovation and offering our customers exceptional added value.”
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Neuweg Fertigung manufactures high-quality rolling bearings in Germany
The Japanese bearings-maker NSK has sold its German Neuweg Fertigung subsidiary to a British investor
who will become chief financial officer and chief operating officer
The terms of the deal have not been released
specialises in producing small quantities of high-quality rolling bearings
It will be run independently but will continue to work with NSK after the sale takes effect on 1 September 2024
has extensive experience in international management
“Our aim is to build on the strong foundation of NSK and utilise the heritage and technical excellence of the Munderkingen plant to expand our global reach,” he says
“Our focus will be on expanding the product portfolio and further improving our efficiency
while maintaining the highest standards of quality and reliability,” adds the new CFO
It produces about three million ball bearings annually
and specialises in double-row ball bearings
The company has concentrated on flexible production of rolling bearings
which has special requirements for protection against dust
Another focus area is pumps and compressors
Neuweg develops and manufactures double-row angular contact bearings
Neuweg also produces support rollers and pulleys for use in high-temperature steel furnaces
and for the production of plastic foils and flat screens
says: “We are determined to preserve the heritage of the Munderkingen plant
NSK employed more than 3,200 people in Europe and the business generated sales worth more than €662m
NSK Europe: LinkedIn Facebook
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