NRB Bearings Ltd has entered into a joint venture with Italy’s Unitec S.r.L., part of the Mondial Group, to manufacture cylindrical roller bearings for industrial applications in India. NRB will hold a 75 percent stake, while Unitec will own up to 25 percent, strengthening global collaboration and market presence.
NRB Bearings Ltd, a leading Indian multinational specializing in friction solutions, has announced a strategic joint venture with Italy-based Unitec S.r.L. The partnership aims to expand NRB’s footprint in the industrial cylindrical roller bearings segment, combining NRB’s manufacturing expertise with Unitec’s engineering capabilities. The JV will be established in Uppal, Hyderabad, and is expected to enhance India’s role in the global bearings market.
Key highlights from the announcement include
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NRB Bearings will hold a 75 percent stake in the joint venture, while Unitec will own up to 25 percent.
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The JV will focus on manufacturing cylindrical roller bearings (CRBs) for industrial applications.
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Unitec, part of the Mondial Group, brings over 60 years of expertise and annual revenues exceeding €60 million.
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The Hyderabad-based facility will serve both domestic and international markets, strengthening NRB’s industrial segment presence.
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Unitec has committed to buy back 20 percent of production, ensuring global integration and market access.
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NRB’s share price rose nearly 3 percent following the announcement, nearing its 52-week high, reflecting investor confidence.
This joint venture marks a significant milestone for NRB Bearings, positioning the company to leverage global expertise while expanding its industrial product portfolio. The collaboration underscores India’s growing importance in advanced manufacturing and international partnerships.
Sources: Business Standard, Autocar Professional, ICICI Direct