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The eBearing News
August 21, 2006
Menon Lands GM Engine Bearing Order
copyright © 2006 eBearing Inc.
Menon Bearings Ltd. (India; BSE:
523828)
announced it has landed a major order to supply General Motors
with engine bearings and bushings.
Deliveries are scheduled to began this month; it is reportedly the first order from the Indian
manufacturer by General Motors. In all, deliveries in this phase will total more than 2 million bearings
and bushings by the end of 2007.
To meet GM's volume requirements, Menon said it is investing approximately
Rs 30 million (USD $645,000) in new equipment and facilities.
Founded in 1992, Menon Bearings manufactures a variety of journal bearings, bimetal engine bearings,
bushings, ball bushings and thrust washers. The company's products are targeted to all types of
automotive and truck engines, two-stroke two-wheeler engines, along with compressors, and
other similar industrial products.
Menon's engine bearing and bushing customers include a wide swath of the Indian auto and truck
industry, and it is making inroads in Europe and North America. Exports currently account for
35% of Menon Bearing sales.
Menon established a dedicated warehouse in Maryland to supplying camshaft bearings to Mack trucks.
A similar facility is in the works to support ongoing orders from Cummins, while the General Motors
contract will soon require a similar dedicated warehouse.
Publicly traded, Menon Bearings is 70% owned by the Menon Group. Other companies in the Menon Group
manufacture pistons, piston
rings, automobile engine blocks and heads, alloy castings, manufacturing software, and
export products from India to other countries. Overall, approximately 30% of Menon Group production
is exported, primarily to Europe.
Menon Bearings recently reported fiscal year 2006 sales (ended March 31, 2006) of
approximately Rs 246 million ($5.3 million), with net profit of Rs 20.4 million ($439,000).
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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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
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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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