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The eBearing News
December 28, 2005
Sona Group Restructuring
copyright © 2005 eBearing Inc.
Sona Group Ltd. (India) announced it is reorganizing its joint venture operations / manufacturing.
At the same time, the company revealed plans to aggressively expand bearing production
and target Indian market original equipment manufacturers.
A joint venture, equally held, of Somic Ishikawa (Japan), ZF Lemdorfer (Germany), and Soma Group,
the company will retain its current ownership structure.
The Sona Somic Lemdorfer Ltd. (SSL) business will absorb Sona Cold Forgings Ltd. (SCF); SSL's sales
are approximately five times those of SCF, for a total of Rs 870 million (USD $19.3 million). But
projections, said the company, paint a sales growth picture putting 2006 sales
near Rs 1.2 billion ($26.6 million).
One of the reasons for that strong sales forecast is SSL's rapidly-growing
rolling element bearing business.
Going into 2006, Sona Group has announced aggressive expansion plans for SSL's automotive-size
ball bearing production capacity.
Sona said it is underway with plans to build a new ball bearing manufacturing facility in Gurgaon,
on the outskirts of New Delhi, boosting
SSL's production capacity by 2.5 million, to almost 7 million bearings per year.
The forging business will also see new investments, but at less than Rs 70 million ($1.5 million) by 2009.
SSL bearing customers currently include Indian vehicle manufacturers and OEM suppliers such as
Sona Koyo Steering, Maruti Udyog Ltd., General Motors India, and Honda Siel.
Dr. Surinder Kupar, Sona Group Chairman, noted the growth in bearing sales, adding: "We are also
diversifying into manufacturing
ball bearings for light commercial vehicles and are in talks with major commercial vehicle
manufacturers."
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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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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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