NBI BEARINGS DRIVES INTERNATIONAL EXPANSION IN INDIA WITH SUPPORT FROM IVF AND COFIDES

The Basque Institute of Finance (IVF) and COFIDES have supported the international expansion of NBI Bearings Europe through a joint €2 million financing operation aimed at strengthening the company’s industrial presence in India. The transaction will enable the company to complete its new production plant and acquire the remaining 35% stake in its local subsidiary, thereby achieving full ownership.

NBI Bearings, a specialist in the manufacture of precision bearings and metal components, is reinforcing its presence in one of the world’s fastest-growing markets through this investment, in line with its internationalisation and production diversification strategy. The new facility will incorporate advanced industrial technology, expanding the group’s global manufacturing capacity.

The initiative forms part of the collaboration between IVF, COFIDES, Elkargi and Basque Trade & Investment to support the internationalisation of the Basque industrial sector by combining financial instruments with strategic support in international markets. The project will also contribute to the creation of skilled jobs and to increased exports from Spain to the Indian subsidiary.

With operations in Spain, India and Romania, and commercial presence across Europe, Asia and the Americas, NBI Bearings continues to strengthen its international positioning, enhancing its ability to deliver advanced industrial solutions for demanding sectors such as energy, automotive and aerospace.