NRB Bearings, a prominent manufacturer of cylindrical and needle roller bearings, has entered into a joint venture (JV) with Italy’s Unitec Group to strengthen its industrial cylindrical roller bearings (CRB) portfolio.
The partnership aims to accelerate expansion in industrial, off-highway, and emerging technology sectors. As part of the deal, a state-of-the-art, LEED-certified manufacturing plant will be set up in Uppal, Hyderabad, for CRB production. NRB will lead production, while Unitec will provide critical technical and operational expertise, along with a commitment to buy back 20 percent of the JV’s annual output. Both companies will also exclusively market each other’s products in their respective countries.
Harshbeena Zaveri, Managing Director of NRB Bearings, noted, “This joint venture marks a strategic step in the expansion of our industrial bearings portfolio both in India and internationally."