Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »



Rail News Home Rail Industry Trends

12/26/2001



Rail News: Rail Industry Trends

General Bearing boosts presence in China


advertisement

General Bearing Corp. recently increased its ownership in two China-based manufacturers.

The ball/roller bearing producer last week agreed to acquire NN Inc.’s interest in NN General L.L.C., a holding company whose principal asset was a controlling interest in Jiangsu General Ball & Roller Co. Ltd. (JGBR). Located in Rugao City, Jiangsu Province, JGBR is China’s largest steel-ball producer. The deal’s total cash/note value is $3.9 million. General Bearing now owns 60 percent of JGBR.

General Bearing also inked an agreement to boost its ownership of Shanghai General Bearing Co. Ltd. to 50 percent. The transaction’s terms weren’t disclosed.