||“Australian Koyo Ltd.” (AKL) was established as a joint venture between Koyo Seiko Co., Ltd. (Japan) and a local company A.E. Goodwin.
||Koyo Seiko (Japan) obtained 100% of AKL’s share.
||Local Production of Ball & Roller Bearings in Australia. Growth in Mining / Railway sectors in Western Australia, supplied to Hamersley Iron (Rio Tinto) and Mount Newman Mining Company (BHP).
||Supply started to Ford Australia and Holden (wheel bearings).
||Change of company name to “Koyo Australia Pty. Ltd.”
||Introduction of Universal Driveshaft to Rev Roughing Mill and won Roll Neck Bearing business (100%) at One Steel Whyalla in SA. Supply started to Mitsubishi Motors Australia (wheel bearings)
||Obtained AS/NZS ISO9001: 2000 Certification
||Supply stared to Toyota Australia for locally built Camry (3rd Gen Hub Bearing Units & Strut Bearings)
||Acquisition of the Torrington Needle Roller Bearing business from The Timken Company
||Centralisation and integration of operation to Sydney Head Office at Seven Hills