Regal Beloit Corp., Beloit, WI, has acquired Alstom’s motors and fans business in India. The business is in Kolkata, India, and manufactures and markets low and medium voltage industrial motors and fans for the industrial and process markets in India.
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The business will be reported as part of the Company’s Electrical Segment.
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Regal Beloit expects the business to add $10 million and $80 million to sales for the fourth quarter of 2007 and full year 2008, respectively.
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According to Henry W. Knueppel, Chairman and CEO of Regal Beloit, The acquisition of the Alstom India industrial motor and fan business is another significant step in the execution of our Globalization initiative. We intend to continue to improve our global commercial presence to better serve our customers and participate in high growth geographies. As well, we intend to maximize the capabilities of our manufacturing footprint to benefit all RBC businesses.”
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Regal Beloit is a manufacturer and marketer of branded mechanical and electrical motion control and power generation products serving markets throughout the world. Regal Beloit has manufacturing, sales, and service facilities throughout the U.S., Canada, Mexico, Europe and Asia.