Profile: NN Inc (NNBR.OQ)
NN, Inc. (NN) is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components. The Company’s balls, rollers, retainers, and bearing seals are used primarily in the domestic and international anti-friction bearing industry. The Company’s plastic injection molded products are used in the bearing components, automotive components, electronic instrument cases and other molded components used in a variety of applications. The precision metal components products are used in the heating ventilating and air conditioning (HVAC), automotive, fluid power and diesel engine industries. As of December 31, 2011, the Company operates in three segments: the Metal Bearing Components Segment, the Plastic and Rubber Components Segment, and the Precision Metal Components Segment.
Metal Bearing Components Segment
Within the Metal Bearing Components Segment, the Company manufactures and supplies high precision bearing components, consisting of balls, cylindrical rollers, tapered rollers, and metal retainers, for bearing manufacturers on a global basis. It serves a variety of industrial applications in the automotive, electrical, agricultural, construction, machinery and mining markets. The Company is an independent manufacturer of precision steel bearing balls and rollers for the North American, European and Asian markets. During the year ended December 31, 2011, Metal Bearing Components accounted for approximately 68% of its total net sales with 49% of sales from balls and 19% of sales from rollers. Sales of metal bearing retainers accounted for 5% of net sales.
The Company’s Metal Bearing Components Segment facilities manufactures and sells precision steel balls in sizes ranging in diameter from 5/32 of an inch (3.969 millimeter) to 2 5/8 inches (66.675 millimeter). The Company produces and sells balls in grades ranging from grade three to grade 1000, according to international standards endorsed by the American Bearing Manufacturers Association. The grade number for a ball, in addition to defining allowable dimensional variation within production batches, indicates the degree of spherical precision of the ball. Its steel balls are used primarily by manufacturers of anti-friction bearings where precise spherical, tolerance and surface finish accuracies are required.
The Company manufactures tapered rollers at its Veenendaal and Erwin Plants and cylindrical rollers at its Erwin Plant. Rollers are an alternative rolling element used instead of balls in anti-friction bearings that typically have heavier loading or different speed requirements. Its roller products are used primarily for applications similar to those of its precision steel ball product line, plus certain non-bearing applications, such as hydraulic pumps and motors. It manufactures and sells precision metal retainers for roller bearings used in a variety of industrial applications. Retainers are used to separate and space the rolling elements (rollers) within a fully assembled bearing. The Company manufactures metal retainers at its Veenendaal Plant.
Plastic and Rubber Components Segment
Within the Plastic and Rubber Components Segment, it manufactures high precision rubber seals and plastic retainers for bearing manufacturers on a global basis. In addition, it manufactures specialized plastic products including automotive components, electronic instrument cases and other mold. At its Danielson Plant, it manufactures and sells a range of precision bearing seals produced through a variety of compression and injection molding processes and adhesion technologies to create rubber-to-metal bonded bearing seals. The seals are used in applications for automotive, industrial, agricultural and mining markets.
At its Lubbock Plant, it manufactures and sells precision plastic retainers for ball and roller bearings used in a variety of industrial applications. Retainers are used to separate and space the rolling elements (balls or rollers) within a fully assembled bearing. At its Lubbock Plant, the Company also manufactures and sells a range of specialized plastic products, including automotive under-the-hood components, electronic instrument cases and precision electronic connectors and lenses, as well as a variety of other specialized industrial and consumer parts.
Precision Metal Components Segment
Precision Metal Components Segment consists of the Whirlaway Corporation (Whirlaway). Whirlaway is a manufacturer of precision metal components and subassemblies for the automotive, HVAC, fluid power and diesel engine markets. The Company sells a range of engineered precision metal components and subassemblies. The precision metal components offered include engineered shafts, mechanical components, fluid system components and complex precision assembled and tested parts. The products are used in automotive, HVAC, fluid power and diesel engine markets.
The Company competes with Linamar, Stanadyne, A. Berger, C&A Tool, American Turned Products, Camcraft, Autocam, Freudenburg-NOK, Trelleborg, Trostel, Uchiyama, Nakanishi Manufacturing Corporation. Domestically, Nypro, Inc., C&J Industries, Amatsuji Steel Ball Manufacturing Company, Ltd. (Japan)., Tsubaki Nakashima Co., LTD (Japan) and Jiangsu General Ball and Roller Co., LTD (China).
Ste 12, 2000 Waters Edge Dr
JOHNSON CITY TN 37604