National Engineering Industries Ltd. and Amsted Seals announce Joint venture to manufacture railway bearing seals in India
India, 2021: National Engineering Industries Ltd. (NEI), part of USD $2.4 billion diversified CK Birla Group and Amsted Seals today announced a joint venture (JV) to manufacture railway bearing seals in India. Amsted Seals is a global leader in 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. The JV will be a big step towards supporting the vision of self-reliant India to set up best-in-class manufacturing infrastructure in the country.
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 2350 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 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.”
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.