SGO, an oilless bearing manufacturer in Korea, establishes a subsidiary in India as a gateway to India

Image
Press Trust of India INCHEON
Last Updated : Feb 26 2020 | 9:40 AM IST

/ -- SGO, a bearing manufacturer located in Incheon, Korea, announced that it has established a local subsidiary in India last year to meet the demand for its popular bearings in the Indian bearing market. SGO has already purchased 13,000m2 of land in Chennai, India and has decided to invest more than $4.5 million to set up bearing production facilities including foundry. By the second half of this year, SGO plans to produce and supply oilless bearings and bronze bars to Indian construction equipment companies, injection molding machine manufacturers, Korean auto parts manufacturers, as well as its worldwide customers. Product Oilless Bearing Image

1. Develon bearings
Sintered bearing Layer: 1 ~ 1.2mm
Backing steel: KS SS400 / SM45C
2. Graphite Plugged Bearings
Bauma CONEXPO India 2020 (https://www.bcindia.com/en/)
November 3-6, 2020

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 26 2020 | 9:40 AM IST

Next Story