National Engineering Industries Ltd. (NEI), part of USD $2.4 billion diversified CK Birla Group and Amsted Seals has announced a joint venture (JV) to manufacture railway bearing seals in India.
Amsted Seals is a provider of sealing solutions and cutting-edge metal fabrication. With installed capacity of two million seals per year, the company will be supplying products in India as well as to international markets.
NEI and Amsted Seals will collaborate their expertise and experience to develop a Greenfield project located in Solitaire Industrial Park Bagru, Jaipur, Rajasthan. The site is spread across 2350 square metres and will host manufacturing techniques and equipment. The JV entity will market its products with the brand name NBC-Brenco and also plans to add automotive seals and products with metal fabrication in the future.
Speaking on this development, Rohit Saboo, Director of NBC-Brenco and President and CEO of NEI, said, “Our joint venture with Amsted Seals is a significant step towards diversifying our product range and offering complimentary products to our customers in railways around the world. We have a very long association with Amsted Rail that dates back 35+ years, and this joint venture is a testament of synergy in our long-standing relationship.”
Michael Carter, Director of NBC-Brenco and President of Amsted Rail Company, said, “We are looking forward to developing localized India seal manufacturing capabilities with our long-time partner NEI. Our newly constructed seal facility in Jaipur, India, will be state-of-the-art with the ability to serve both the domestic India market, as well as the world rail seal market.”
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