|
|
|
|
The eBearing News
April 10, 2000
SKF, FAG and NN
Form Rolling Element Joint Venture
copyright © 2000 eBearing Inc.
SKF (Sweden), FAG Kugelfischer Georg Schafer AG (Germany) and NN Ball & Roller (USA)
announced that they will form a jointly owned firm to make and sell chrome steel balls
for bearings and other products.
The new company, NN Euroball ApS, will have 3-way ownership. NN Ball & Roller will
hold 54%, and SKF and FAG will each have 23%. NN will have operating responsibility.
NN Euroball ApS will acquire the SKF ball factory in Pinerolo, Italy; the FAG ball
factory in Eltmann, Germany and the NN ball factory in Kilkenny, Ireland.
The new company will employ approximately 700 people and yearly sales should be in
the range of € 100 million. The company plans to be established and running by mid-2000.
Earlier this year, NN Ball & Roller, General Bearing and Jiangsu
Lixing Steel Ball formed a joint venture to manufacture rolling elements in China at the Jiangsu factory.
• read the article
|
|
|
printer-friendly version
|
|
- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
|
|
eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
trademarks of eBearing Inc.
|
|
|
|
|
| |
eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
|
|
|
