Romania's Rulmenti Barlad to open 50 mln euro production unit in India

December 10 (SeeNews) - Romanian ball bearings manufacturer Rulmenti Barlad, part of Turkey's Kombassan holding, said on Monday it plans to invest 50 million euro ($65.4 million) in a manufacturing facility in India.

The factory will be located in the county of Rajasthan, in northwestern India, corporate financial director Ismail Hakki Tuyun told SeeNews over the phone.

Tuyun did not specify the factory's capacity, nor did he say when it is expected to start production.

Rulmenti Barlad, which produces bearings under the URB and KRS brands, was privatised by Kombassan in 2000.