NRB Bearings Ltd Signs JV Agreement with Italian Company Unitec for Manufacturing New Range of Cylindrical Roller Bearings

NRB Bearings Ltd has signed a Joint Venture Agreement with Italian company Unitec of the Mondial Group for the formation of a Joint Venture Company. The new company will manufacture a new range of Cylindrical Roller Bearings (CRBs) for the industrial business segment. Unitec, part of the Mondial Group, is recognized as one of Italy's most reputed independent bearing companies, manufacturing industrial bearings for a range of critical applications. The Mondial Group has built a strong reputation in motion-technology solutions and engineered components with annual revenues exceeding €60 million. Unitec delivers advanced, application-specific bearing solutions to leading OEMs in Italy and across the globe for a range of sectors.