IKOCanada

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The European affiliate, Nippon Thompson Europe BV, has its head office in the Netherlands and branch offices in Germany, Spain, France and the United Kingdom. The branches in Germany, Spain and the U.K. have their own warehouse and the facility to modify linear motion products according to customer requirements.

Nippon Thompsons’s products are manufactured at nine plants in Japan and sold domestically and overseas under the IKO brand name. The company’s domestic sales and service network consists of nine branches and fifteen sales offices. Overseas, Nippon Thompson is represented by an integrated network of distributors, sales agents and branch offices in the United States and Europe.

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Information maintained by the Legislative Reference Bureau Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law. 805 ILCS 180/15-3     (805 ILCS 180/15-3)     Sec. 15-3. General standards of member and manager's conduct.     (a) Without limiting any fiduciary duties owed at common law, the fiduciary duties a member owes to a member-managed company and its other members include the duty of loyalty and the duty of care referred to in subsections (b) and (c) of this Section.     (b) A member's duty of loyalty to a member-managed company and its other members includes the following:         (1) to account to the company and to hold as trustee     for it any property, profit, or benefit derived by the member in the conduct or winding up of the company's business or derived from a use by the member of the company's property, including the appropriation of a company's opportunity;         (2) to act fairly when a member deals with the     company in the conduct or winding up of the company's business as or on behalf of a party having an interest adverse to the company; and         (3) to refrain from competing with the company in the     conduct of the company's business before the dissolution of the company.     (c) A member's duty of care to a member-managed company and its other members in the conduct of and winding up of the company's business is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.     (d) The implied contractual covenant of good faith and fair dealing applies to the operating agreement and members of a member-managed company in the same manner and to the same extent that it applies at law to other contracts and parties to the contracts.     (e) A member of a member-managed company does not violate a duty or obligation under this Act or under the operating agreement merely because the member's conduct furthers the member's own interest.     (f) This Section applies to a person winding up the limited liability company's business as the personal or legal representative of the last surviving member as if the person were a member.     (g) In a manager-managed company:         (1) a member who is not also a manager owes no duties     to the company or to the other members solely by reason of being a member;         (2) a manager is held to the same standards of     conduct prescribed for members in subsections (b), (c), (d), and (e) of this Section;         (3) a member who exercises some or all of the     authority of a manager in the conduct of the company's business is held to the standards of conduct in subsections (b), (c), (d), and (e) of this Section;         (4) a manager is relieved of liability imposed by law     for violations of the standards prescribed by subsections (b), (c), (d), and (e) to the extent of the managerial authority delegated to the members by the operating agreement; and         (5) subsection (d) of this Section applies to the     operating agreement and members and managers of the company. (Source: P.A. 102-230, eff. 1-1-22.)

Founded in 1950, the company has accumulated numerous proprietary technologies and a wealth of experience that it uses to develop innovative products. Nippon Thompson has become an established leader in three motion specialties: needle roller bearings, linear motion products and mechatronic products. Marketed under the IKO brand name, these products have established a world-wide reputation for high quality and innovative features.

Since becoming Japan’s first maker of needle roller bearings in 1959, Nippon Thompson has established a world-class reputation as an innovative producer of high-quality, precision bearing products. Using their expertise and technology through years of experience producing needle roller bearings, they have developed a line of motion rolling guides units that combine carriages and track rails. Since the introduction of their first linear motion rolling guide unit, or Linear Way in 1978, these products have become important components of industrial robots, numerically machine tools, and other sophisticated equipment used in the semiconductor industry. Especially for these high demanding applications, Nippon Thompson developed a wide range of products made in stainless steel and fitted with special lubrication, suitable for clean room environments.

IKOIndustries

Nippon Thompson intends to keep growing as a socially trusted manufacturer and supplier of vital machine components like bearings and bearing-related devices, and with that contributing to the global industry. To achieve this goal, Nippon Thompson seeks originality, know-how and teamwork in its R&D efforts to develop high-value-added products that best serve the needs of customers.

Nippon Thompson Co., Ltd. is proud to be recognized as a leader in sustainability and environmental stewardship. We are committed to develop and manufacture products that make our customer’s equipment and systems more reliable and at the same time contributing to preserving the environment. Innovative products like C-Lube and ISO14001 certification can be seen as prime examples of our commitment to minimize the impact on the global environment.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law. 805 ILCS 180/15-3     (805 ILCS 180/15-3)     Sec. 15-3. General standards of member and manager's conduct.     (a) Without limiting any fiduciary duties owed at common law, the fiduciary duties a member owes to a member-managed company and its other members include the duty of loyalty and the duty of care referred to in subsections (b) and (c) of this Section.     (b) A member's duty of loyalty to a member-managed company and its other members includes the following:         (1) to account to the company and to hold as trustee     for it any property, profit, or benefit derived by the member in the conduct or winding up of the company's business or derived from a use by the member of the company's property, including the appropriation of a company's opportunity;         (2) to act fairly when a member deals with the     company in the conduct or winding up of the company's business as or on behalf of a party having an interest adverse to the company; and         (3) to refrain from competing with the company in the     conduct of the company's business before the dissolution of the company.     (c) A member's duty of care to a member-managed company and its other members in the conduct of and winding up of the company's business is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.     (d) The implied contractual covenant of good faith and fair dealing applies to the operating agreement and members of a member-managed company in the same manner and to the same extent that it applies at law to other contracts and parties to the contracts.     (e) A member of a member-managed company does not violate a duty or obligation under this Act or under the operating agreement merely because the member's conduct furthers the member's own interest.     (f) This Section applies to a person winding up the limited liability company's business as the personal or legal representative of the last surviving member as if the person were a member.     (g) In a manager-managed company:         (1) a member who is not also a manager owes no duties     to the company or to the other members solely by reason of being a member;         (2) a manager is held to the same standards of     conduct prescribed for members in subsections (b), (c), (d), and (e) of this Section;         (3) a member who exercises some or all of the     authority of a manager in the conduct of the company's business is held to the standards of conduct in subsections (b), (c), (d), and (e) of this Section;         (4) a manager is relieved of liability imposed by law     for violations of the standards prescribed by subsections (b), (c), (d), and (e) to the extent of the managerial authority delegated to the members by the operating agreement; and         (5) subsection (d) of this Section applies to the     operating agreement and members and managers of the company. (Source: P.A. 102-230, eff. 1-1-22.)