Date: 2013-08-01

European Bearing and Amsted Rail in Joint Venture

European Bearing Corp. (Russian Federation) and Amsted Rail Corp. (USA) have formed a joint venture to manufacture and distribute cartridge roller bearings to the fast-growing rail market in Russia and the former Soviet territories now referred to as the Commonwealth of Independent States (CIS).

Although Amsted / Brenco is the latest bearing manufacturer to join the fray in Russian rail, rumors of the linkup have been circulating for several months. Amsted / Brenco establishes itself with a clear advantage by teaming with the largely-closed market's key player in EBC.

The joint venture will assemble, produce and distribute cartridge tapered roller railway bearings. All of the CIS rail systems are on conversion programs for their wheel bearings; changing from Russian-produced plain bearings to modern cartridge roller bearings. EBC-owned divisions have been the primary suppliers of the new bearings.

By mid-2008, the companies expect to be assembling and distributing bearings, and in full-cycle production a few months later.

Amsted Rail is the parent company of Brenco, Griffin Wheel. and ASF-Keystone. Brenco is the bearing manufacturing division, and is the leading bearing supplier for new railcars in the United States with a 60% market share.

In 2006, Amsted acquired a separate subsidiary, OOO Transolutions CIS, which now represents its interests in the CIS region. Its directive, "is establishing significant efforts to develop strategic partnerships and other cooperative initiatives to produce its proprietary technology in Russia and the CIS to raise quality and performance in the railway sector to new levels."

With not only massive investment in building new rail systems across Russia and the CIS, there is also the added incentive that those rail systems are converting older rolling stock wheels from plain bearings to the latest tapered roller cartridge bearings.

Brenco said it is working to create a series of bearings for use on 1520 mm gauge railroads. The company

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