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The eBearing News
January 23, 2006
Timken Eyes Needle Roller Bearing
Production in India
copyright © 2005 eBearing Inc.
Timken India Ltd. (India, a subsidiary of The Timken Company, USA) said it is seriously
considering setting up its own manufacturing facility in India to produce needle roller bearings.
At a recent trade show in India, Timken India's Managing Director, Gordon Robinson, commented: "We are
currently talking to two-wheeler majors Hero Honda, Suzuki and LML, as well as carmakers
Maruti Udyog and Tata Motors for this. A final decision would be taken once we reach critical mass."
A year ago, W.R. "Tim" Timken visited India and declared the company's focus on Asia -- China and
India in particular -- would more than quintuple its sales in the region by 2010. Timken plans a combined
approach, both selling more products to existing customers and moving into new markets.
article: Timken aggressively targeting Asian markets
India is home to one of the world's largest two-wheeler markets, while also being one of the
fastest-growing markets for automobiles and light trucks.
Timken no longer has a needle roller bearing presence in India. Until mid-November, Timken owned
26% of needle roller bearing manufacturer NRB Bearings Ltd., a legacy Torrington joint venture.
Timken divested that 2.5 million share ownership to two Sahney family-controlled entities
for Rs 230 per share.
article: Timken divests ownership of India's NRB Bearings
If the needle roller bearing project at Timken India is approved, the budget is reportedly
in excess of USD $50 million.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
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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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