|
|
|
|
|
The eBearing News
September 1, 2004
Federal-Mogul Divests
Large Bearings to South African Buyers
copyright © 2004 eBearing Inc.
Federal-Mogul Corporation (USA) has divested its Large Bearings Division (formerly Glacier
Bearings) in South Africa to a, "black economic empowerment consortium" of businessmen,
including former senior management of the company.
The buyout group has renamed the company GB Pty. Ltd., but plans no facilities changes.
In operation in South Africa since 1962, Large Bearings has manufacturing operations in
Durban, Johannesburg, and Cape Town. Durban, its home office, and Johannesburg are ISO 9000 certified.
Large Bearings manufactures a wide variety of plain bearings -- from tilting pad thrust
bearings to plain white metal bushings -- in sizes from 25mm to 5500mm.
GB will continue to sell under the brand names it manufactures -- Deva, Devaglide, Devatex,
Glyco Glycodur bearings and bushings, and Waukesha.
The company is a licensee to Waukesha Bearings (USA, a division of Dover Corporation),
enabling it to provide customers access to service and technical support through Waukesha.
GB inherits a market leadership position as South Africa's largest manufacturer and seller of
industrial plain and white-metal bearings, but the company said it is facing increased competition
from imported bearings.
Approximately 100 workers have transitioned from Federal-Mogul to GB, where they are now
10% owners of the new business.
Going forward, GB says it is establishing production and quality incentive programs, along with offering
continuing training, in an effort to keep its market leadership position. Repair and production facilities
will also being upgraded and staff added to speed manufacturing, repair and service order fill.
|
|
|
printer-friendly version
|
|
- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
|
|
eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
trademarks of eBearing Inc.
|
|
|
|
|
| |
eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
|
|
|
