NRB Bearings up on Thailand plans

DALAL STREET SPIKES

NRB Bearings rose 2.90 per cent to Rs 90.40 on reports it is setting up a roller bearings plant in Thailand at an investment of Rs 20 crore. It will be operational in the last quarter of FY08 and is expected to generate sales revenue of Rs 40 crore by FY10.

The new plant will be run by NRB Bearings Thailand, a 100 per cent subsidiary and will cater to the Association of South East Asian Nations' two-wheeler and light commercial vehicles market.