NN Acquires KLF Rolling Elements Business

Resource from: CBCC Likes:3029

Oct 15,2003

NN, Inc. (USA) has signed an agreement to purchase the rolling element manufacturing operations of Kinex-KLF (Slovak Republic, a division of HTC Holding a.s.) for USD $1.9 million Kinex-KLF, in Kysucke Nove Mesto, is the largest producer of radial single-row deep groove ball bearings and radial single row cylindrical bearings in the Slovak Republic. Its rolling element manufacturing operations are under the KLF brand while the finished bearings it produces are sold under the Kinex and ZVL brands. NN is a key worldwide supplier of bearing balls and rollers, with manufacturing operations in several countries. The company also produces bearing retainers and seals. 2002 sales were $192 million. In 2002, Kinex was honored with several awards, including, "Best Exporter of the Slovak Republic in 2001." In 2000, Kinex had the largest sales gain of any non-financial company in the Slovak Republic after it acquired the bearing manufacturing operations of ZVL Skalaca a.s. In 2001, Kinex sales grew another 44% when it acquired the former KLF-ZVL a.s.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous SKF Reports Third Quarter 2003 Results
Next NSK Expects Euro Operations will Return to Profitability

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.