Birla’s NEI sets up export-oriented venture
Chicago’s Amsted Seals, a global leader in sealing solutions and cutting-edge metal fabrication, has formed a joint venture with National Engineering Industries Ltd (NEI), a part of USD $2.4 billion diversified CK Birla Group, to manufacture railway bearing seals in India for domestic and export markets.
The JV will produce two million seals per year for the Indian and international markets, said a NEI release on 9 April 2021 from Jaipur.
NEI and Amsted Seals will collaborate their diverse expertise and experience to develop a Greenfield project located in Solitaire Industrial Park Bagru, Jaipur, Rajasthan. The site is spread across 2,350 square metres and will host best-in-class manufacturing techniques and equipment. The JV entity will market its products with the brand name NBC-Brenco. It 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, will be state-of-the-art with the ability to serve both the domestic India market, as well as the world rail seal market.”
Both the brand names NBC and Brenco are known in the industry for quality and reliability. NEI will be leveraging its rich experience of 75 years in manufacturing of bearings and allied products with its partner Amsted Rail for making railway bearing seal.
With the commitment to provide sustainable solutions for its stakeholders and the communities they operate in, NBC-Brenco will be a zero-discharge facility that will be contributing towards building a greener economy.
Founded in 1946, National Engineering Industries Ltd (NEI) is India’s leading bearings manufacturer and exporter, renowned for excellence in quality and delivery. Headquartered in Jaipur, NEI has evolved to manufacture over 200 million bearings each year offered in more than 2,300 sizes to serve a host of customers across India and 30 other countries across five continents.
Amsted Seals is a global leader in the fabrication of high-performance, high-quality, precision sealing solutions and metal fabrication for rail, commercial vehicle, and other industrial applications. Amsted Seals brings together the seal fabrication experience and capabilities of the Amsted Industries portfolio of companies all under one platform. #manufacturing #makeinindia #investment #exports /fiinews.com
