NRB Bearings Approves Rs 2 Bn Expansion to Support European OEMs
NRB Bearings Limited has approved a Rs 2 billion capacity expansion plan to support its growing pipeline of lifetime nominated business worth Rs 6 billion from leading European Tier one customers. This expansion will serve BMW, Stellantis, and Renault across their next-generation platforms, covering electric vehicles, hybrids, and internal combustion engine models.The company, nominated by Magna and other European customers, has co-developed advanced bearing solutions for these future platforms. To meet rising demand, NRB will invest over the next two years in expanding manufacturing capacitie..
Unions Raise Job Fears as Airbus Finalises Spirit Aero Factory Deal
Airbus has finalised an agreement to acquire several Spirit AeroSystems plants, prompting concerns from unions over thousands of jobs in Northern Ireland and Scotland. The deal follows Boeing’s move to repurchase parts of Spirit AeroSystems, twenty years after spinning it off for USD 4.7 billion, amid financial pressures worsened by the Boeing 737 MAX crisis.Airbus will take control of sites in Kinston, North Carolina, Belfast, Northern Ireland, and Prestwick, Scotland, as well as activities in Morocco, France, and Wichita, Kansas. Airbus will receive a $439 million payment from Spirit AeroS..
Halwara Airport Project Completed; AAP Govt Invests Rs 600 Mn
Rajya Sabha Member of Parliament Sanjeev Arora visited Halwara Airport in Ludhiana to review the completed development works. Arora confirmed that the airport project, pending for nearly 30 years, is now 100 per cent complete. The Aam Aadmi Party government provided around Rs 600 million for the airport’s development.The project gained momentum under Arora’s leadership, with strong backing from Aam Aadmi Party National Convener Arvind Kejriwal and Punjab Chief Minister Bhagwant Singh Mann. A barbed wire fence was initially installed as per design, but following a March inspection by the Ai..
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