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The eBearing News
September 7, 2005
European Bearing Corp. Acquires
Samara Aircraft Bearing Plant
copyright © 2005 eBearing Inc.
European Bearing Corp. (EBC, Russia) said it has acquired 80% ownership of the Aircraft Bearing
Plant in Samara, the former GPZ-4 4th State Bearing Plant.
Making the announcement, EBC President Artem Zuyev said the combination acquisition transaction
and investments to form a new specialty bearing division will reach approximately USD $30 million.
With the acquisition, EBC now controls approximately 40% of the overall Russian bearing market,
and produces more than 80% of the country's non-commodity and specialty bearings.
The Samara Aircraft Bearing Plant will be the cornerstone of a new EBC division,
the Special Product Division. Special Product manufacturing assets will be dedicated to producing
aircraft and aerospace bearings, and specialty defense, weapons and industrial bearings.
The company estimates the total annual market within Russia for all types of specialty aerospace and
defense bearings is $60 million.
Mr. Zuyev said, "Our next step will be to establish EBC's Special Product Division to include,
apart from Samara ABP, Moscow Bearing plant to be established on January 1, 2006, on the basis
of the Precision Bearing Workshop of the Volga Bearing Plant."
Founded in 2000, European Bearing Corp. has four other plants acquired in the same
privatization move: Moscow's legendary GPZ-1 (former Bearing Plant #1), another plant in Moscow
dedicated to aircraft bearings, and the former VPZ-15 bearing plant in Volzhsky, and
the former SPZ-16 16th State Ball Bearing Plant in Stepnogorsk, Kazakhstan.
Stepnogorsk is the largest bearing factory in Kazakhstan, and EBC's only manufacturing
location outside Russia. It produces more than 2.2 million heavy-duty rail and other large cylindrical
roller bearings each year.
Already the largest CIS bearing company, EBC will employs almost 13,000 people after the Samara acquisition
is complete.
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- by Bruce A. Carr
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Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
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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.
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