Nylacast Automotive and NN, Inc. to Partner on Worm Gearsets
CHARLOTTE, N.C., November 29, 2022 /Globe Newswire/ — NN, Inc. (NASDAQ: NNBR), a global diversified industrial company, and Nylacast Automotive are pleased to announce their collaboration on electric power steering (EPS) worm wheel and worm shaft gearsets.
NN, a manufacturer of worm shafts, and Nylacast, a manufacturer of worm wheels, will collaborate to provide customers with a complete worm gearset solution. Each company’s components are found in millions of today’s vehicles all over the world, primarily in EPS steering columns as well as single and dual-pinion steering systems.
This partnership is expected to provide customers with the option to buy a complete gearset as opposed to making or sourcing the two parts separately. The benefits of this customized product are expected to include more efficient packaging, reduced transportation costs, and higher quality.
Dec 1, 2022