NBI Bearings Europe

Type
Reshoring
Country
Spain
Reshoring from
China
Reshored business function
Production
Region
Noreste; País Vasco; Bizkaia
Location of affected unit(s)
Okendo
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.15 - Manufacture of bearings, gears, gearing and driving elements
50 jobs
Number of planned job creations
Job creation
Announcement Date
8 April 2015
Employment effect (start)
1 January 2015
Foreseen end date
1 January 2020

Description

NBI Bearings Europe is a Spanish company founded at the beginning of the 21st century, which produces bearings mainly for the German market. The company owns a plant in China. However, in 2015 thanks to new investors, a new plant was opened in Spain. According to the CEO, exchange rate risks, the rise in labour costs offshore, as well as issues with customs have motivated the company to backshore production. The new plant also aims to increase annual volumes of production.

Sources

  • 8 April 2015: El Economista

Citation

Eurofound (2015), NBI Bearings Europe, Reshoring in Spain, factsheet number 205, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/205.