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The eBearing News
November 1, 2005
ZKL Considers Manufacturing in India
copyright © 2005 eBearing Inc.
ZKL Bearings CZ, a.s. (Czech Republic, a subsidiary of ZKL a.s.) announced it is seriously
studying shifting at least some bearing manufacturing from the Czech Republic to India.
ZKL's partner in India, ZKL Bearings India Pvt. Ltd., has been selling bearings
since 2002; after a slow start, sales recently quintupled from
approximately USD $1 million per year to more than $5 million per year.
The company said in a prepared statement the reasons for moving production
to India are, "cost escalation on three
fronts -- labor, power, and the currency has also appreciated." ZKL said that overall,
its manufacturing costs in the Czech Republic are up more than 30%.
ZKL Czech would contribute 80% of the funding to form the new Indian venture, paying for all
tangible assets and providing operating capital. ZKL India's 20% ownership would be equity-only.
West Bengal, home to several other bearing manufacturers, is reportedly under consideration as
ZKL's preferred location.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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