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The eBearing News
October 11, 2006
KBR Acquires Hanwha Korea Ball Production
copyright © 2006 eBearing Inc.
Korea Ball & Roller Co. Ltd. (KBR, South Korea [
website ] has reportedly acquired the steel
bearing ball manufacturing resources of Hanwha Group (South Korea).
Founded in 1964 as a joint venture with FAG Korea, the facility later came under
FAG Hanwha Bearings Corp. in 1983.
KBR said it will continue to supply rolling elements to its existing customer
base -- INA/FAG Korea, GM Daewoo, Delphi Korea, GKN Korea, Hyundai Korea, Renault
Korea, Samsung and TAIHO, among others.
Over the longer term, President and CEO, Jong Cheol Lee, indicated the organization
has plans to extend sales into other applications, and supply an increasing number
of export customers. The company will reportedly file for public listing
on the Korea Stock Exchange [
website ] within the next five years.
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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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