ThyssenKrupp Expanding PSL Large Bearing Output in Slovakia
ThyssenKrupp AG (Germany) will aggressively invest in expanding its PSL Bearing division¡¯s manufacturing facilities in Povazsk¨¢ Bystrica, Slovakia.
The aim of the two year, 2 billion crown (USD $90 million) project will be to boost production of large bearings and slewing ring bearings destined for the wind power turbine market.
Currently, PSL¡¯s large bearing output is valued in the range of 4 billion crowns ($180 million); the plant expansion should push that to more than 6 billion crowns ($270 million)
PSL currently employs approximately 1,100 workers; that will jump to over 1,300 when the project is complete and fully online.
More than 90% of PSL¡¯s bearings are exported; the division has sales offices and warehouses in Germany, Russia, and the United States.
ThyssenKrupp also has the Rothe Erde subsidiary with an often-parallel product line in bearings, but PSL and Rothe Erde operate as separate entities.
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