Automotive Industry
Industry: Email Alert RSS FeedTorrington's Czech plant signals push in Europe.
Automotive News Europe, June, 2002 by Watson, Helena
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The US bearings maker Torrington has opened a 20 million plant in Olomouc, Czech Republic, as part of its strategy to expand in Europe.
Europe once accounted for only 10 percent of Torrington's automotive parts volume. About 60 percent of global volume has been in North America with another 30 percent in Asia including a joint venture with Japanese bearings maker NSK.
Torrington is No. 1 in automotive bearings in North America and Asia but falls below German rival INA's 60 percent market share in Europe.
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The Czech investment follows Torrington Europe's acquisition of ...
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