Oiles Bearing to build new manufacturing operation in the Czech Republic

¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡Oiles Bearing to Build New Manufacturing ¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡Operation in the Czech Republic Oiles Corporation (Japan) announced it is the first company committed to building in a newly designated industrial zone in Kadan, northwest Czech Republic. A 13th century city of approximately 17,000 people, Kadan is a target of the Czech Republic's effort to attract foreign manufacturing investment. Founded in 1952, Oiles is a diversified manufacturing and engineering company headquartered in Tokyo. Its primary business is Oiles Bearing, a world leader in self-lubricating bearings. The company employs approximately 1,000 people in 15 subsidiaries worldwide. In Kadan, Oiles will spend approximately