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Niterra Co., Ltd. announced that its subsidiary NTK Technologies, Inc. will be merged into Niterra North America, Inc., effective April 1, 2024. The merger aims to improve brand value and streamline operations.
Niterra (Japan Special Ceramics) signed a basic agreement with IMC International Metalworking Companies to form a joint venture by merging Niterra's machine tool business into subsidiary NTK Cutting Tools, with IMC holding 51% and Niterra 49%.