October 12, 2008

NRB Bearings to tap global market

It is reported that Mumbai based auto ancillary supplier NRB Bearings is focusing on leveraging opportunities in the industrial sector and overseas markets in a bid to offset the sluggish demand from its key customer segment, the domestic automobile industry.

In the overseas market, NRB Bearings has received orders from leading European truck and automobile companies. The industrial segment and export sales together constituted about 15% of the company’s turnover of INR 303 crore in 2007 and this will be raised to 20% to 25% over the next 2 to 3 years.

NRB Bearings refused to name the European automobile companies being targeted for exports. Meanwhile, in a bid to keep rising costs of inputs such as steel and allied metals under check, NRB Bearings is relying on operational efficiency.