KHARP Develops Production of Railway Roller Bearings

Kharkov Bearing Plant, one of CIS largest producers of bearings, the member of UPEK Group, signed an agreement with Japan's Muratec on the purchase of a state-of-the-art robotized turning complex for EUR4 million. The bearing plant also intends to purchase some technologies and other equipment from Muratec for USD1.5 million.

The purchases are part of a large-scale investment project on the modernization of railway roller bearing production. The project of modernization was developed jointly with Ukrainian Design Bureau of Bearing Industry and one of European engineering companies. The modernization aims at creating the production of bearings of a principally new level of quality of the annual capacity of 1.2 million (current capacity - 800 thousand bearings) per annum.

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