Miniature ball bearing company Minebea enters India
Minebea Company Limited, world leaders in the manufacture of miniature and small sized ball bearings will be making their entry into India where they will be known as NMB-Minebea India Pvt. Ltd.
Minebea, a $3 billion entity, is a leader in the manufacture of ball bearings upto 22mm – external diameter. The company has over 60% global market share and has manufacturing facilities in Singapore and Thailand from where it plans to cater to the needs of the local market in India
NMB-Minebea India will commence with the automotive sector focusing on sales promotion along with their distributors and subcontractors. Enhanced potential is noted in India for its range of ball bearings, stepping motors and small DC motors besides micro actuators, load cells and sensors. The company will also be weighing the possibility of local alliance to set up a factory for assembly of products which will go a long way in enhancing sales in the future.