NHBB's German Counterpart Breaks Ground on New Building Project
October 11, 2011 (Leutkirch, Germany): myonic GmbH held a ground breaking ceremony recently to kick off the construction of a new manufacturing facility that will increase its production capacity by twenty percent. The highly specialized, German bearing manufacturer is a subsidiary of Minebea Co., Ltd. and a close affiliate of New Hampshire Ball Bearings, Inc. (NHBB).
The new facility is being built in Leutkirch, Germany on a plot of land immediately south of myonic’s corporate headquarters. The fully air-conditioned facility will increase myonic’s production area by approximately 6,600 square feet. The company expects to complete construction by the end of 2012. In conjunction with the operation of the new plant, myonic plans to consolidate production operations at leased facilities and restructure them within the headquarters plant to increase efficiency and enhance performance.
During his speech at the ceremony, managing director Bernhard Böck emphasized the importance of the new building to the company’s future. “It has been an imperative for us to increase our manufacturing capacity, as the existing plant will be undersized given the expected growth in our business,” he said. “We anticipate our sales to increase approximately 20% by the second quarter of 2015 as we actively engage in developing new business opportunities through the network of companies within the Minebea Group.”
NHBB’s President Gary Yomantas, who is also head of the NHBB/myonic Business Unit, spoke on behalf of Minebea, which is investing several million dollars into the expansion project. He emphasized myonic’s value and importance to the Minebea Group of companies. "myonic brings a new dimension into the Minebea Group,” said Mr. Yomantas. “And because we are interested in the company’s continued growth and long-term development, myonic has Minebea’s full support for this project.”
myonic specializes in the design and manufacture of highly-engineered mechanical subassemblies and high precision miniature ball bearings. Its products are used in dental instruments, CT/MRI device-centered medical apparatus, and aerospace related equipment. myonic was acquired in 2009 by Minebea Co., Ltd. and is a part of the NHBB/myonic Business Unit. In the U.S myonic’s products are sold through myonic USA, a division of NHBB.