Date: 2013-08-01

URB Group to invest USD 18 mln in Barlad bearings plant through to 2015

Turkish URB Group, which owns the Rulmenti Barlad bearings plant, announced today it will invest USD 18 million in its Romanian factory in the next three years, although the domestic market is flooded with counterfeited bearings from Asia, and sales plunged 83 percent in the last five years to USD 2.5 million.

Harun Adiguzel, CEO of URB Group, said that around 70 percent of the URB branded bearings in Romania are counterfeited. Moreover the CEO called for the government to support domestic production and set up anti-dumping tariffs against counterfeit products made in China, India or Turkey.

Previous: New special project with RKB split spherical roller bearings
Next: Minebea Goes to Auto China 2012

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
32203 NACHI	17	40	16
E30203J NACHI	17	40	12

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.