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ngk spark plug co ltd (NGK) Details

NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products worldwide. It operates through two segments, Automotive Components and Technical Ceramics. The company offers spark plugs, such as plugs for aftermarket and original equipment, igniter plugs, and resister cables and covers; glow plugs, including ceramic and metal type glow plugs, air heaters, and QGS/QHS; and sensors consisting of oxygen and zirconia oxygen sensors, NOx sensors, temperature sensors, knock sensors, and air quality sensors. It also provides semiconductor components comprising IC ceramic and organic packages; electronic components covering ultrasonic transducers and ultrasonic sensors; and medical products, such as bio ceramics and oxygen concentrators. In addition, the company offers industrial components, including physical wear-resistant products, chemical wear-resistant products, electric insulators, and electric equipment products, as well as products for semiconductor manufacturing equipment. Further, it provides cutting tools comprising ceramic, cermet, micro grain carbide, coated carbide, and cubic boron nitride grades, as well as SS and rotational tools. The company sells its spark plugs, glow plugs, and related products under the NGK brand name; and IC packages, sensors for exhaust gas cleaning, ceramic tools, and other items under the NTK brand name. NGK Spark Plug Co., Ltd. supplies its products to manufacturers in the automotive, electronics, and other industries. The company was founded in 1936 and is headquartered in Nagoya, Japan.

12,760 Employees
Last Reported Date: 06/27/14
Founded in 1936

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ngk spark plug co ltd (NGK) Key Developments

NGK Spark Plug Reports Earnings Results for the First Quarter Ended 30 June 2014; Provides Earnings Guidance for the Fiscal Year Ending 31 March 2015

NGK Spark Plug reported earnings results for the first quarter ended 30 June 2014. The company's net income increased 19.4% year on year to JPY 10.1 billion in the first quarter of fiscal year 2015 ended 30 June 2014. Operating income was up 39.8% year on year to JPY 15.1 billion, while sales increased 2.9% year on year to JPY 84.6 billion. Sales at the Automotive Components group reached JPY 71.2 billion. Within this unit, sales of spark and glow plugs totaled JPY 41.5 billion. Sales of automotive sensors reached JPY 29.7 billion. Operating income for the Automotive Components group was JPY 17.4 billion. For the fiscal year ending 31 March 2015, the company expects sales of JPY 334 billion. Sales at the Automotive Components group are expected to reach JPY 278.5 billion, while operating income is projected at JPY 62 billion and net income at JPY 40.5 billion.

Mitsubishi Hitachi Power Systems, Ltd. and NGK Spark Plug Co., Ltd. Sign Agreement for Mass Production of Cylindrical Cell Stacks

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and NGK Spark Plug Co., Ltd. (NTK) have signed a basic agreement on a business tie-up targeting mass production of cylindrical cell stacks, the power-generating elements used in solid oxide fuel cells, or SOFC. Through the integration of the two companies' respective technological strengths, expertise and management resources, the tie-up is aimed at forming a mass production structure of cost-competitive cylindrical cell stacks. Specifically, by combining their technologies and expertise the companies aim initially to complete a small-lot production system for cylindrical cell stacks; then based on that system, the two partners will jointly establish the technology to enable full-scale mass production. The companies will target the completion of a mass production line capable of manufacturing upwards of several hundreds of thousands units per year by April 2018. Plans call for the realization of this scheme through the merger of MHPS's development, engineering and manufacturing technologies for cylindrical cell stacks cultivated through many years of R&D, and NTK's technologies in mass production of ceramics. The SOFCs targeted in this business tie-up are ceramic-based fuel cells that operate at a high temperature above 900 degrees Celsius (1,650 degrees Fahrenheit). They can generate electricity very efficiently by chemical reaction between oxygen in the air and hydrogen and carbon monoxide from reformed city gas. The unreacted portion of the gas and hot air discharged from the SOFC module are then used to drive an MGT. This two-stage system achieves significantly higher power generation efficiency and, as a result, saves substantial energy. In addition, as the high-temperature exhaust gas from the MGT can be used to generate hot water and steam, the hybrid system is capable of performing combined heat and power (CHP) supply functions. MHPS's cylindrical cell stacks are horizontal-stripe cell stacks structured in such a way that multiple elements (fuel electrodes, electrolytes, air electrodes) that undergo a power-generating reaction are formed on the outer surface of the ceramic-based substrate tube and the elements are linearly connected by interconnector. Achieving mass production combined with low cost is a major issue being addressed currently in order to promote expanded adoption of fuel cells, and the business tie-up between MHPS and NTK aims to overcome this challenge. MHPS's strength is its ability to provide total solutions in all aspects of thermal power generation systems following its taking over the comprehensive capabilities and product lineups formerly held by Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd.

NGK Spark Plug Co., Ltd. to Report Q1, 2015 Results on Jul 31, 2014

NGK Spark Plug Co., Ltd. announced that they will report Q1, 2015 results on Jul 31, 2014


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