The hottest urb group will invest US $65million to
2022-10-19- Detail
Urb group will invest US $65million to build a bearing processing plant in India
European bearing manufacturer urb group recently announced that it will spend US $65million to build a manufacturing plant in India, which can produce 1000 tons of bearing products per year at the initial stage of operation
European bearing manufacturer urb group announced recently that it will spend US $65million to build a manufacturing plant in India. The material conceptual design is aimed at the design of future vehicles. The new plant can produce 1000 tons of bearing products per year in the initial stage of operation
Harunadiguzel, President of urb India, said: the new plant is located in Rajasthan, India. It is expected to be put into operation at the end of 2013. At the initial stage of operation, it can produce 1000 tons of bearings per year, and its capacity will double in the futurein addition, 70% of the production capacity of the new plant at the initial stage of operation will be used to meet the needs of the domestic market in India, and the remaining products will be exported to thermoplastic pipes and fittings for cold and hot water systems in Europe iso10508:1995 and the United States, while the proportion of products sold at home and abroad will gradually balance in the future
when talking about the company's operating revenue, harunadiguzel said: the current turnover of urb India has exceeded US $20million, and we plan to achieve a turnover of US $200million in the next five years with the help of the new plant
after the completion of the new current plant of urb group in India, it will become the fourth plant of the company in the world. The company currently has one plant in Romania, Turkey and Hungary respectively
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