Subscribe to RSS
UnitedStates Germany Russia India Turkey SouthAfrica England Netherlands Philippines Belgium Australia Brazil Spain China Kore

5 Russian Bearing Plants will probably survive the WTO

According to the Russian media, referring to representatives of the State Duma, in the next three months, an agreement to join the World Trade Organization (WTO) may be approved (by July), and Russia may become a member of this organization. This is a major concern of representatives of Russian bearing industry. In their view, the WTO has significant risks for companies and can simply destroy the bearing industry, in particular the lack of:

– Strong support from the state, especially in the priority of getting direct contracts from the state-owned corporations;

– Developed an institutional environment that would attract the foreign investment.

russia_bearingplants

Most bearing plants may disappear after Russia’s WTO accession

The main producers of bearings in Russia

? in picture

Location

Company Name

1

Moscow

JSC “Moscow   Bearing”

(part of “European   Bearing Corporation”)

2

Moscow region, s.Loza

Of “OK-Loza”

3

Tver

Ltd. “GFR Tver”

4

Kursk

JSC “Kursk Bearing Company”

5

Rostov-on-Don

Of “The Tenth Bearing   Plant”

6

Volga

OAO “Volga Bearing   Plant”

and a branch of JSC   “Aviation Bearings Plant”

(included in the composition   of “European Bearing Corporation”)

7

Saratov

Ltd. “EPK – Brenco   Bearing Company”

8

Saratov

OAO “Saratov Bearing   Plant”

(part of “European   Bearing Corporation”)

9

Samara

OAO “Samara Bearing Plant”

10

Samara

JSC “Aviation Bearings   Plant”

(part of “European   Bearing Corporation”)

11

Vologda

JSC “Vologda bearing factory”

 

According to the experts of the Russian Association of bearings, some industries such as Defense and the Railways will not get affected by the WTO because of the strategic and economic reasons. It might be therefore that the following 5 bearing factories will survive the join of Russia into the World Trade Organization:

1) GFR Tver – Works with the international company SKF (Sweden) on production of railway axle bearings in the city of Tver;

2) Samara Bearing Plant (formerly GEA-9) – the production of large and special bearings in Samara;

3) Aircraft Bearings Plant – production of special purpose bearing in Samara belonging to the “European Bearing Corporation” (Russia);

4) Saratov Bearing Plant – manufacture of multi-purpose and special bearings in the city of Saratov, owned by the “European Bearing Corporation” (Russia);

5) EPC-Brenco – a joint venture “European Bearing Corporation” (Russia) and Brenco (U.S.) for the production of railway axle bearings.

However, no one in the Russian bearing industry can make an accurate prognosis to develop the right plan for future actions, as the documents of the WTO has only recently been declassified and made ??available to a wide range of experts.

source: promk.ru

0 comments

banner

Add your comment

Nickname:
E-mail:
Website:
Comment:

*

Other articlesgo to homepage

SKF Ahmedabad: The first bearing factory in India with LEED Gold certification

SKF Ahmedabad: The first bearing factory in India with LEED Gold certification(0)

The newly built bearing factory in Ahmedabad, India was awarded the coveted LEED (Leadership in Energy and Environmental Design) Gold certification by IGBC (India Green Building Council). With this certification, the Ahmedabad factory became the first bearing factory in India to be certified by LEED rating and the third SKF facility across the globe to

Schaeffler unveils concept car for India

Schaeffler unveils concept car for India(0)

Schaeffler, an automotive components manufacturer has unveiled concept car specially designed for Indian driving conditions. Featuring advanced drive train technologies which offers up to 10 per cent reduction in fuel consumption combined with better comfort and driving experience, company said. This concept car is based on subcompact hatchback and shows a range of Schaeffler solutions

NSK Boosts Its Business in Emerging Markets

NSK Boosts Its Business in Emerging Markets(0)

Aiming to Cultivate Demand in the Middle East and Russia through Locally Based Operations Tokyo, Japan, March 7, 2013 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced today that it has established new branches in Saint Petersburg, Russia, and Dubai, United Arab Emirates (UAE), in the Middle East, both of

Automotive sector boost the demand for Bearings in India

Automotive sector boost the demand for Bearings in India(0)

Infrastructure expansion coupled with industrial growth will have a favorable impact on the Indian bearings market. The report begins with an overview of the major macro economic indicators which highlights the present economic scenario prevalent in India. It is followed by an introduction section providing a classification of the Indian bearings market. It also includes

The Eurasian Economic Commission extended the anti-dumping duties on Chinese bearings

The Eurasian Economic Commission extended the anti-dumping duties on Chinese bearings(0)

The Eurasian Economic Commission (ECE) extended the anti-dumping measures on imports of Chinese bearings. The corresponding decision was made boards ECE and published on the official website on December 4. Under this decision, measures to protect the economic interests of the manufacturers of anti-friction bearings in the Customs Union will operate on 17 September 2013.

read more

Contacts and information

Social networks

Most popular categories

Legal Notice

© 2012 BEARING NEWS All rights reserved.