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URB Group will invest $ 65 million in India factory

European Bearing Manufacturers URB Group has announced that it will spend $ 65 million to the construction of a manufacturing plant in India, the initial operation of the new plant is an annual production capacity of 1,000 tons of bearing products.
The URB India Company president, Harun Adiguzel said: "The new factory is located in Rajasthan, India (Rajasthan), is expected to be operational by the end of 2013 and start operations with an annual production capacity of 1,000 tons bearing capacity
In addition, 70% of the initial operation of the new plant capacity will be used to meet the needs of the domestic market in India and the rest of the products will be exported to Europe and the United States, the plant products are sold to domestic and foreign proportion will gradually achieve a balance in the future .
Turning to the company's revenue, Harun Adiguzel said: "the URB India's turnover has exceeded $ 20 million, we plan to make use of the new factory, to achieve a turnover of $ 200 000 000 in the next five years."
URB Group, India's new plant is completed, it will become the company's four plants worldwide, the company is currently in Romania, Turkey and Hungary, each with a factory.

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