Update Concerning New Hampshire Ball Bearings, Inc., our U.S. subsidiary (2nd Report)

Minebea Co., Ltd. (Minebea) hereby announces the latest situation at the Peterborough facility of New Hampshire Ball Bearings Inc., Minebea's U.S. subsidiary, as described below:

Status updates (as of the close of business on February 12, 2014, U.S. Eastern Standard Time)

• Machining process operations will resume in the morning on February 13 local time, since the plant safety check by local authorities has been completed and the plant has been confirmed to be safe.
• Assembly process requires certain repair and we plan to resume its operations in approximately 5 days (expected to resume on Monday, February 17).
• The cause of the explosion is under investigation by the local authorities etc. We are currently waiting for their official announcement.
• The timing to resume operations at other component manufacturing departments will be determined in order of precedence as the findings of repair content situation at each department are made available.

We will keep you informed of this matter as soon as further information becomes available.

Back to 2014 Information List

It ends about main text.