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The eBearing News
For the Year 2005
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30 December, 2005
SKF and Air France / KLM ink long-term agreement
Mainshaft and gearbox bearings for long-lived engine series.
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29 December, 2005
FAG deploys biotech signature anti-counterfeiting measure
Nanotech color spectrum encoding is promising anti-counterfeit development.
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28 December, 2005
Sona Group restructuring
SSL bearing sales dominate growth picture of Indian joint venture.
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27 December, 2005
NSK moves to acquire Amatsuji Steel Ball
$360 million tender offer for outstanding shares it does not own.
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26 December, 2005
Tribologist David Tabor dies in Cambridge
With Bowden, established modern science of bearing friction study.
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23 December, 2005
SKF reduces ball bearing operations in France
Production shifts, follows customers to lower-cost areas.
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22 December, 2005
SKF reorganizes to three divisions from five
Simplified, evenly weighted structure more closely parallels markets.
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21 December, 2005
China reveals 2005 bearing import and export data
Notoriously inaccurate data reveal general trends.
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20 December, 2005
Taiho Kogyo building engine bearing plant in Japan
Fast-growing Toyota division struggles to keep pace with demand.
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19 December, 2005
France replacing nuclear reactor cooling pump bearings
Backup pump motor bearing failures affect 30 of 34 900MW reactors.
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16 December, 2005
U.S. ITC reschedules key hearing
Sunset reviews of antidumping investigations on bearings rescheduled.
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15 December, 2005
Indian police seize counterfeit SKF bearings
Three arrests, raids net $1.1 million of bearings and packaging.
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14 December, 2005
Xibei losses continue
Declining sales drag down major Chinese bearing manufacturer.
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13 December, 2005
Tsubaki Nakashima acquiring Chongqing Steel Ball
Chinese producer acquired to meet Japanese transplant factory demand.
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12 December, 2005
Recent U.S. Government contract awards for bearings
104 contracts detailed.
Revised with more contracts, direct award links.
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9 December, 2005
Trelleborg acquires Andre Structural Bearings
Ikon Polymer divests division inherited in Silvertown acquisition.
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8 December, 2005
China Worldbest government bailout planned
$618 million "market action" needed to save troubled conglomerate.
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7 December, 2005
U.S. Customs lists 2005 CDSOA payouts
Bearing industry payouts including as-yet uncollected duties.
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6 December, 2005
U.S. Customs lists 2005 CDSOA payouts
Bearing industry payouts shown by claimant.
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5 December, 2005
U.S. Customs lists 2005 CDSOA payouts
Bearing industry payouts shown by case number.
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2 December, 2005
Plastics Capital acquires Sarnatech BNL
Leading polymer bearing manufacturer will continue operating as-is.
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1 December, 2005
New contract averts Timken Canada strike
Steelworkers refuse pension plan givebacks in three-year pact.
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30 November, 2005
Moody's targets Koyo for rating upgrade
Merger with Toyoda Machine may trigger rating boost to High Quality.
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29 November, 2005
NTN reveals intelligent wheel hub bearing / CV unit
Advanced sensors supply data for vehicle stability control systems.
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28 November, 2005
Dana launches new center support bearing design
XC addresses multi-driveshaft angularity and control issues.
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25 November, 2005
Oiles expands manufacturing base in U.S. and Europe
Strong auto industry sales continue to push production resources.
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24 November, 2005
Lutco marks 60th anniversary
Manufacturer of unground bearings and mounted units continues to grow.
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23 November, 2005
Xiangyang reports second quarter 2005 results
Major Chinese bearing manufacturer looks to shake off Greencool cloud.
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22 November, 2005
RBC locating new bearing plant in South Carolina
Bishopville will supply components to constrained Hartsville plant.
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21 November, 2005
General Bearing reports third quarter 2005 results
String of ever-stronger results continues, but still on the market.
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18 November, 2005
Brenco reveals rail bearing production boost
Surge in rail shipments drives demand for rail bearings.
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17 November, 2005
Timken divests ownership of NRB Bearings
NRB completes effort to become a standalone Indian manufacturer.
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16 November, 2005
NN reports third quarter 2005 results
Sales up slightly as non-automotive continues strong.
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15 November, 2005
RBC reports second quarter 2006 results
Surprise net loss amid strong sales sends newly-IPO'd stock reeling.
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14 November, 2005
Timken plans Olomouc expansion
Additional land and expansion may add 200 jobs to former Torrington plant.
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11 November, 2005
Nuclear weapon bearing smuggler faces trial
Uranium centrifuge parts moved through Pakistan to Iran, North Korea.
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10 November, 2005
SKF wins Cadillac hub bearing contract
Advanced X-Tracker units move from trucks to high-performance cars.
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9 November, 2005
Timken expanding Randleman plant capacity
$27 million project will boost industrial tapered bearing production.
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8 November, 2005
NSK adds large industrial bearing capacity
Key Suzano plant extends capability and capacity.
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7 November, 2005
Recent U.S. Government contract awards for bearings
10 contracts detailed.
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4 November, 2005
Minebea reports first half 2006 results
Sales up, profits surge as bearing demand remains strong.
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3 November, 2005
Kaman wins recapitalization ruling
Founding family monetarizes; shareholders receive voting rights.
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2 November, 2005
SKF boosts wheel hub bearing production in Brazil
Hubs for light vehicles will go to meet U.S. demand.
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1 November, 2005
ZKL considers manufacturing in India
Rising costs in Europe, strong Indian sales prompting action.
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31 October, 2005
Kaman reports third quarter 2005 results
Losses follow charges; bearing operations continue to perform well.
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28 October, 2005
SKF in joint venture with Shanghai Electric
Relationship will extend operations and market penetration in China.
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27 October, 2005
NTN and Nidec expanding fluid dynamic bearing production
New Thai plant will triple 3.5" disk drive bearing capacity by 2009.
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26 October, 2005
Timken reports third quarter 2005 results
Record sales and doubled profit reflect non-automotive market strength.
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25 October, 2005
NTN files patent complaint against Iljin
Seeks to block U.S. import and sale of double-row ball bearings.
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25 October, 2005
Dana looks to sell off bearing businesses
Glacier and Clevite among underperforming operations on the block.
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24 October, 2005
FAG India reports record third quarter results
Expanding market share at home and abroad push bottom line up 111%.
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21 October, 2005
SNL Bearing delists from Delhi Stock Exchange
Auditors question future of troubled NRB division staying on Bombay exchange.
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20 October, 2005
SKF acquires Sommers Industriteknik
Company aims squarely at end users of its own Vogel lubrication systems.
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19 October, 2005
China Huarong acquires Guangxi Bearing
State-run bailout group acquires troubled state-run bearing manufacturer.
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18 October, 2005
SKF reports third quarter 2005 results
Sales and earnings outpace expectations, raise industrial outlook.
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17 October, 2005
Hoover Precision names Eric Sturdy as President
Schmenk remains CEO of Tsubaki Nakashima division.
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14 October, 2005
National Defense Stockpile considers bearing disposal
Comments sought about impact of disposing 82 million jewel bearings.
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13 October, 2005
SKF benchmarks Dow Jones Sustainability Index
Company named to sixth consecutive DSJI, and pan-European FTSE4Good.
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12 October, 2005
SNR turns over ball production to NN
Agreement doubles sales to SNR, boosts NN Europe's market penetration.
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11 October, 2005
Delphi bankruptcy hits bearing manufacturers
Restructuring may impact bearing companies and Sandusky hub unit plant.
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10 October, 2005
Recent U.S. Government contract awards for bearings
12 contracts detailed.
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7 October, 2005
Timken acquires Bearing Inspection Inc.
Aerospace group grows with second recent acquisition of value-added business.
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6 October, 2005
Federal-Mogul amends reorganization plan
Resolving UK pension and asbestos trust funding may hasten bankruptcy exit.
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5 October, 2005
S&P revises outlook on NSK and Minebea
Analysis leans heavily on performance of bearing operations.
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4 October, 2005
Timken closing Clinton automotive bearing plant
Auto industry woes force production shift to other facilities.
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3 October, 2005
Rulmentul Brasov privatization attracts two bidders
Troubled Romanian bearing company must be sold or closed.
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30 September, 2005
Service Network expanding plant to meet grinder demand
Bearing and precision parts sectors worldwide continue strong.
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29 September, 2005
Court date set for Kaman restructuring suit
Company delays special shareholder meeting until ruling is in.
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28 September, 2005
Miba and KS in bearing strip joint venture
Greensburg plant to supply both companies, further cooperation.
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27 September, 2005
Woodex celebrating dual anniversary
A century-old bearing brand and 25 years under current ownership.
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26 September, 2005
Z-Star foreclosure set
Bridge bearing joint venture faces bleak future.
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23 September, 2005
Timken cuts 190 automotive division jobs in Torrington
Automotive pares resources and restructures powertrain development.
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22 September, 2005
International trade court affirms U.S. duties on Chinese tapers
Luoyang appeal rejected.
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21 September, 2005
Kaman sued to stop recapitalization
Jilted private equity firm seeks to invoke antitakeover law.
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20 September, 2005
SKF building second bearing factory in Indonesia
Doubled capacity needed to meet fast-growing Asian two-wheeler market.
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19 September, 2005
FAG celebrating brand's centennial
Management and dignitaries note brand's strength, economic contribution.
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16 September, 2005
Timken's Canton workers approve new contract
Four-year pact assures some level of Canton-area bearing manufacturing.
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15 September, 2005
RBC reports first quarter 2006 results
Final pre-IPO quarter sees sales up sharply, losses reversed.
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14 September, 2005
SKF wins Rolls-Royce jet engine bearing contract
Trent 1000 engine will power most Boeing 787 planes for over 25 years.
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13 September, 2005
NTN develops thinnest thrust bearing
1mm needle roller reflects precision of new retainer design.
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12 September, 2005
Timken divests Linear Motion division and Nadella brand
Italian investment group acquires non-core European assets and brand.
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9 September, 2005
SNR shuffles top executives
Simon replaces Ravouna, called back to Renault after ten years as CEO.
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8 September, 2005
Dana and Daido disband U.S. engine bearing joint venture
Companies split Atlantic and Bellefontaine bearing plants.
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7 September, 2005
European Bearing Corp. acquires Samara Aircraft Bearing
Largest CIS bearing manufacturer now controls Russian aerospace market.
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6 September, 2005
Taiwan bearing exports up 17% in 2005
Continued strong growth for often-overlooked Asian manufacturing center.
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5 September, 2005
Recent U.S. Government contract awards for bearings
15 contracts detailed.
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2 September, 2005
GM recalls 800,000 trucks over corroded hub bearing sensors
U.S. recall mirrors year-ago Canadian recall of 105,000 trucks.
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1 September, 2005
Japan enacts retaliatory tariffs against U.S. bearings and components
Historic move comes as U.S. fails to repeal Byrd Amendment.
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31 August, 2005
Timken named to S&P MidCap 400 index
Promoted to weight Industrial sector from SmallCap 600.
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30 August, 2005
ZKL Brno reports 2004 sales increase
Wider presence in Latin America focuses on heavy industry.
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29 August, 2005
Timken creating R&D center at Clemson-ICAR research park
At least 110 engineers shifting to new automotive-dedicated campus.
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26 August, 2005
NSK plans further expansions in China
Growth planned via vertical manufacturing, starting new trading company.
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25 August, 2005
Kazakhstan President Nazarbayev visits bearing factory
Even after privatization, Stepnogorsk remains important symbol.
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24 August, 2005
Kaman offers final shareholder buyout plan
Company's $36.7 million offer matches private equity firm.
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23 August, 2005
Invicta completes Bearing Man acquisition
South Africa's largest bearing distributor now wholly-owned subsidiary.
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22 August, 2005
SKF India reports second quarter 2005 results
Record sales and earnings come amid plant expansions and move to add services.
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19 August, 2005
Japan establishes retaliatory tariffs on U.S. bearings
Congress failure to repeal CDSOA leads to escalating tariffs from trading partners.
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18 August, 2005
China reports 2005 bearing imports and exports
First half trade statistics imply balanced growth.
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17 August, 2005
FAG confirms expansion plans for Hungary
Greenfield facility will add to Debrecen bearing production.
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16 August, 2005
Kian Ho reports first half 2005 results
Major Singapore-based bearing company continues sales and profit growth.
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15 August, 2005
General Bearing pursuing possible sale or merger
In wake of RBC IPO, management seeks to "maximize shareholder liquidity."
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12 August, 2005
Kaman reports second quarter 2005 results
Loss in 2004 reversed as business conditions improve, bearing sales strengthen.
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11 August, 2005
RBC IPO goes off as planned
Proceeds will be used to pay down substantial debt load.
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10 August, 2005
Vishay Intertechnology acquires SI Technologies
Becomes key producer of industrial air bearings and water bearings.
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9 August, 2005
Timken shuffles executives
Ward Timken named Chairman, Miraglia to head Steel.
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8 August, 2005
AVAS opens Rulmentul Brasov bidding, sets parameters
Serious bidders face September deadlines.
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8 August, 2005
Rulmentul Brasov continues losses in 2005 first half
Romania's largest bearing maker faces IMF-forced sale or closure.
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8 August, 2005
Recent U.S. Government contract awards for bearings
18 contracts detailed.
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5 August, 2005
Rollax and Texspin form joint manufacturing venture
Cost-effective automotive bearing plant to be built near Pune.
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4 August, 2005
Kaydon reports second quarter 2005 results
Defense and aerospace bearing demand drives major segment sales.
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3 August, 2005
NN reports second quarter 2005 results
Key industry supplier's across-the-board strength includes automotive.
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2 August, 2005
General Bearing reports second quarter 2005 results
Net margins push 8% while sales and earnings also hit record levels.
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1 August, 2005
Timken reports second quarter 2005 operating results
Sales and earnings hit record levels, despite setbacks in automotive.
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29 July, 2005
Wanxiang installs new hub bearing manufacturing line
China's largest privately-held bearing company continues aggressive investments.
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28 July, 2005
SKF launches branded inline skate bearing line
Biggest supplier to repackagers seeks brand awareness in growing segment.
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27 July, 2005
NSK Precision relocating corporate headquarters
Move to Franklin will reunite offices and production.
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26 July, 2005
Geneva Foundry demolition begins
City razing last remnants of once-important bearing industry supplier.
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25 July, 2005
Indian bearing resellers press for reforms
Customs, duty payment and VAT taxes all under scrutiny.
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22 July, 2005
Kaman buyout progressing
Arbiter rules Mason Capital offer can proceed.
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21 July, 2005
GKN Driveline closing Columbia CV plant
Former Dana facility caught in auto industry cost/price squeeze.
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20 July, 2005
Timken to be named U.S. ambassador to Germany
Nomination helps reignite debate over rewards to big political donors.
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19 July, 2005
NSK dedicates new Asia-Pacific Technology Center
Fastest growing market gets high-end R&D, education facility.
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18 July, 2005
Kaydon lands new $300 million credit facility
Unused line suggests acquisitions are planned.
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15 July, 2005
Weimer Bearing acquires Camken Inc.
North-central U.S. bearing distributor continues to expand.
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14 July, 2005
SKF reports second quarter 2005 results
Sales and earnings both top analyst estimates.
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13 July, 2005
Raymond acquires Ring Plus Aqua
Key water pump shaft bearing manufacturer acquired in diversification move.
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12 July, 2005
NTN sets up holding company for China operations
Expanding presence in China requires new corporate structure.
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11 July, 2005
Boeing 767 Airworthiness Directive from bearing corrosion
Previous aileron control AD missed some aircraft; Boeing adds cam bearing.
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8 July, 2005
Timken lands advanced aircraft engine bearing development contracts
U.S. defense program targets large-scale performance and cost improvements.
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7 July, 2005
SKF and Haldex developing dual disc H/D hub unit
Next generation air brake systems to offer lower weight, higher performance.
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6 July, 2005
INA / FAG completes Duerkopp Adler divestiture
Heavy scrutiny follows first Chinese acquisition of a German manufacturer.
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5 July, 2005
Recent U.S. Government contract awards for bearings
17 contracts detailed.
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1 July, 2005
Kaman embroiled in likely change of controlling ownership
Private equity fund may acquire founding Kaman family's stake.
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30 June, 2005
SKF closing Aiken hub and Springfield seal plants
Weak U.S. auto industry pressures vendor into restructuring.
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29 June, 2005
EnPro added to S&P SmallCap 600
GGB Bearing parent replaces Thomas Industries in key index.
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28 June, 2005
RBC reveals IPO details
More details emerge as company moves closer to being publicly traded.
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27 June, 2005
NTN-Bower opens expanded Macomb facility
Moving beyond bearings to other value-added products proves successful strategy.
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24 June, 2005
Federal-Mogul names Alapont Chairman
Troubled company consolidates control as Miller leaves for Delphi.
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23 June, 2005
Glacier Bearings Slovakia posts 2004 profit
Shifting production to Slovakia and better productivity reverse losses.
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22 June, 2005
Steelworkers reject Timken contract offer
Canton-area bearing and steel plant workers show their frustration.
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21 June, 2005
U.S. Commerce seeks input on antidumping Sunset Reviews
Nine bearing-related antidumping duty orders need your input.
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20 June, 2005
MRC Specialty Balls expanding Winsted plant
Increased aerospace bearing demand drives SKF division.
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17 June, 2005
Volvo marks 90 years
Former SKF automotive bearing division.
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16 June, 2005
USTR invites your input regarding Japan WTO zeroing complaint
Major impact on bearing industry; comments due June 27, 2005.
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15 June, 2005
SKF India details post-expansion production targets
With plants straining capacity, all bearing types are targeted.
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14 June, 2005
ZVL Auto reports profitable 2004
Slovak tapered bearing maker reverses loss for 2003, makes acquisition.
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13 June, 2005
KS Bearings names VP of Engineering and Development
Kolbenschmidt Pierburg lands star player from Federal-Mogul.
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13 June, 2005
NN names new CFO, realigns executive ranks
May be positioning for another spurt of growth-by-acqusition.
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10 June, 2005
Bearing failures sideline Celebrity liner again
Problematic pod drive units in Summit subject of $300 million suit.
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10 June, 2005
Bearing Conference 2005 report from Italy
International attendees hit common ground on issues facing the industry.
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9 June, 2005
NSK expanding liberty bearing plant
Industry continues to add capacity for air conditioning compressor bearings.
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8 June, 2005
U.S. Commerce opens review period for duty on tapers from China
Deadline June 30, 2005 for interested parties to request Administrative Review.
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7 June, 2005
China bearing manufacturers drive record steel demand
Specialty steel demand continues to far outstrip domestic production.
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6 June, 2005
Recent U.S. Government contract awards for bearings
10 contracts detailed.
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3 June, 2005
China bearing industry trade show set to launch
Biennial show provides a window into China's bearing industry.
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2 June, 2005
Daido announces new Czech bearing factory
Automotive engine bearing operation joins other foreign-owned bearing plants.
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1 June, 2005
Koyo Seiko, Toyoda Machine reveal merger details
Merger accelerated, new name assigned, and share allocations made.
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31 May, 2005
Hub assembly ABS sensor investigation hits 1.3 million GM trucks
NHTSA investigates ABS complaints paralleling Canadian recall.
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30 May, 2005
SKF abandons bid to acquire Indian subsidiary
Priced out, SKF leaves SKF India a separate publicly-traded entity.
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27 May, 2005
Timken and USWA reach Canton plant contract agreement
Pact may save specialty bearing manufacturing in the area.
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26 May, 2005
Kia recalls 37,000 Sedona minivans over wheel bearing failures
Contamination enters through dust cap of rear hub assemblies.
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25 May, 2005
Kinex reports fiscal 2004 results
Slovak bearing manufacturer reverses 2003 profit to loss in 2004.
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24 May, 2005
China's Jiangxi Province attracting more bearing manufacturers
Yushan County's development of a Bearing Industrial Zone pays off.
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23 May, 2005
Kaman reports first quarter 2005 results
Sales and earnings both up, riding strong military and industrial sales.
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20 May, 2005
Renault F1 turns used bearings into expensive jewelry
Bijoux Collection presents bearings as high art in exclusive boutiques.
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19 May, 2005
Garlock headquarters modernization announced
Five-year $35 million plan will bring entirely new U.S. facilities.
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18 May, 2005
EnPro releases first quarter 2005 results
Performance mixed as industrial markets and GGB bearings improve.
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17 May, 2005
NSK Peterlee hit by more layoffs
UK production center sees layoffs but also additional investment.
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16 May, 2005
Applied Industrial reports third quarter 2005 results
Sales and earnings both up sharply over 2004, operating margin tops 5%.
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13 May, 2005
Igus launches plastic bearing design contest
2005 quarterly competition follows successful 2004 version and others.
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12 May, 2005
RBC Bearings files for IPO
Privately held company surprises with notice to publicly trade shares.
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11 May, 2005
Timken India posts strong growth for 2004
Global manufacturing reorganization gradually pushing Indian manufacturing to the fore.
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10 May, 2005
North Korea claims to reach bearing production targets
Regime posts meaningless statistics, yet illustrates bearings' strategic importance.
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9 May, 2005
Recent U.S. Government contract awards for bearings
15 contracts detailed.
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6 May, 2005
NN reports first quarter 2005 results
Sales and earnings both up, despite foreign exchange effects and raw material costs.
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5 May, 2005
SKF India reveals expansion plans
Investments will ease strained capacity, address counterfeits and training.
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4 May, 2005
Timken changes corporate slogan
Where You Turn reflects new solution-oriented over product-oriented approach.
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3 May, 2005
SKF reports first quarter 2005 results
Sales and earnings both up, expected to continue strong.
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2 May, 2005
General Bearing releases first quarter 2005 results
Dramatic upswings in sales and income continue.
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29 April, 2005
Koyo sales up 13% for 2004
Bearings and power steering improve but trouble predicted into 2005.
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28 April, 2005
Kaydon reports first quarter 2005 results
Sales and net both up sharply, earnings lag due to higher costs.
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27 April, 2005
SKF supplying Siemens with electronic sensor rail bearings
High-speed AF400 bogey wheels destined for Corifor and Trenitaia.
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26 April, 2005
SKF abandoning CR, Chicago Rawhide brands
Global mono-branding initiative jettisons 128-year-old brand.
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25 April, 2005
Miba expanding McConnelsville heavywall bearing plant
Strongest-performing division gets more attention and investment.
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22 April, 2005
Icon Polymer acquires Silvertown UK
Fourth acquisition in four years grows rubber and polymer bearing manufacturer.
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21 April, 2005
Federal-Mogul unfunded pension liabilities top $536 million
Largest unfunded plan in the U.S. compounds F-M UK T&N pension woes.
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20 April, 2005
Invicta poised to acquire full ownership of Bearing Man
South Africa's largest bearing distributor would become wholly owned subsidiary.
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19 April, 2005
Timken reports first quarter 2005 results
Strong gains follow record performance of industrial and steel groups.
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18 April, 2005
INA France in Haguenau bearing plant upgrade
Large complex struggles to stay competitive with other lower-cost facilities.
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15 April, 2005
Kolbenschmidt Pierburg plans Fountain Inn expansion
KS Bearings and Pierburg need third expansion to meet growing demand.
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14 April, 2005
Momentum makes further acquisitions
Former SKF-owned bearing distributor continues strong growth.
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13 April, 2005
INA expanding bearing plant in Slovakia
Nove Mesto operating at capacity with automotive and industrial sizes.
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12 April, 2005
General Bearing reports results for 2004
37% sales jump, restructuring, establish foundation for 2005 performance.
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11 April, 2005
Waukesha Bearings wins Best Plant award
Glasgow, Scotland Chamber of Commerce announces honors for 2004.
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8 April, 2005
Tata Bearings reports record production
Key Indian manufacturer running near capacity as questions about its future remain.
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7 April, 2005
Heavy truck deliveries slowed by bearing and component shortages
Prolonged explosive growth in truck sales is pushing suppliers to the limit.
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6 April, 2005
NSK outlines plans through 2005 and beyond
Aggressive push includes seeking dominant market position in China.
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5 April, 2005
ContiTech and Ningbo Jiebao form joint venture for bearings
Second ContiTech venture in China supports domesic automaker customers.
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4 April, 2005
Recent U.S. Government contract awards for bearings
23 contracts detailed.
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1 April, 2005
SKF building new bearing factory in China
Dalian large bearing plant announced, along with two Shanghai expansions.
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31 March, 2005
Missile Technology Control Regime targets precision bearings
Ballistic missile component trade agreement now includes bearings.
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30 March, 2005
Shandong Yimeng refocuses on large and specialty bearings
YBC joins more Chinese manufacturers moving away from commodity sizes.
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29 March, 2005
Bombardier recalls ATVs over ungreased bearing failures
Axle shafts of popular DS650 could be damaged by bearing seizure.
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28 March, 2005
Bearing failure sidelines cruise ship again
Problematic thrust bearing failures in pod drive system cost millions.
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25 March, 2005
General Bearing to continue reporting after delisting
Audited financials will still be posted once firm goes dark.
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24 March, 2005
Timken aggressively targeting Asian market
New goal includes quintupling regional sales by 2010.
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23 March, 2005
Timken Industrial adds National seals
Becomes exclusive source for National industrial seals in North America.
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22 March, 2005
Harbin Bearing Group receives capital investment rebate
Northeast China receives rebates in pilot program to encourage investment.
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21 March, 2005
INA/FAG completes first Taicang plant expansion
Company continues aggressive manufacturing expansion in China.
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18 March, 2005
Mitsubishi settles with DaimlerChrysler over Fuso
Hub bearing failures, wheel-off death, coverups damaged Fuso's value.
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17 March, 2005
ZKL Klasterec report claims profitable 2004
Czech courts may resolve rights dispute over ZKL bearing brand.
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16 March, 2005
Hoover acquires Starck Ceramic Ball
Production shifting to Connecticut, otherwise business as usual.
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16 March, 2005
Sarnatech BNL to be sold
Sarna divesting bearing producer to focus on engineered polymer membranes.
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15 March, 2005
NTN targets aerospace markets for growth
High precision, high price bearings in new five-year marketing plan.
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14 March, 2005
Taiwan bearing exports grow 20% in 2004
Importers worldwide turn to Taiwan, seeking low-cost products.
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11 March, 2005
General Bearing files to delist its stock
Controlling shareholders move to eliminate expenses of being publicly traded.
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10 March, 2005
U.S. OMB Publishes Manufacturing Regulatory Reform Report
76 key regulatory reforms considered and addressed.
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9 March, 2005
NSK reporting record profit for 2004
Higher volumes and manufacturing efficiencies offset rising steel costs.
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8 March, 2005
Recent U.S. Government contract awards for bearings
8 contracts detailed.
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7 March, 2005
NN reports fourth quarter, full year 2004 results
Sales improve but profits hampered by steel prices and Sarbanes-Oxley costs.
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4 March, 2005
Federal-Mogul plans new engine bearing factory in India
Partner Goetze will add bearings to its piston and ring production.
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3 March, 2005
U.S. DoD proposes removing domestic bearing sourcing requirement
Protected market for many domestic bearing manufacturers now under scrutiny.
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2 March, 2005
GGB opens office in China
Leading plain bearing manufacturer now with operations in 18 countries.
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1 March, 2005
NTN Sponsors BAR Honda F1 race team for 2005 season
Key Honda bearing supplier steps up motorsports marketing effort.
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28 February, 2005
U.S. Commerce extends antidumping review deadline
Bearings and parts from France, Germany, Italy, Japan, Singapore and UK.
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25 February, 2005
Bearings and Drives wins Family Business of the Year
Georgia-based bearing and power transmission distributor is third generation.
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24 February, 2005
SKF divests Ovako to new joint venture steel company
SKF, Rautaruukki and Wartsila pool steel manufacturing to a single company.
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23 February, 2005
Rulmenti Barlad will build bearing factory in Turkey
Kombassan division starts joint venture to produce ball bearings in Duzce.
click here
22 February, 2005
Bearing Conference set for May 20-22 in Italy
Join 200 other companies from 40 countries at the 8th Annual Conference.
click here
21 February, 2005
U.S. revises Current Industrial Report on Antifriction Bearings
Mounted ball and roller bearing shipments for 2003 recalculated.
click here
21 February, 2005
Recent U.S. Government contract awards for bearings
11 contracts detailed.
click here
18 February, 2005
FAG Bearings India reports 2004 results
Shares jump on strong results, expanding export sales.
click here
17 February, 2005
SKF India reports fourth quarter and full year 2004 results
Subsidiary being acquired posts strong sales and profits.
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16 February, 2005
Nidec sues Victor, JVC over fluid bearing motors
Company continues aggressively protecting key hydrodynamic bearing patents.
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15 February, 2005
Z-Star bridge bearing producer faces foreclosure
Joint venture unable to service business development loans.
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14 February, 2005
IMF cracks down on Romania; Rulmentul Brasov targeted
Romania's largest bearing plant must be privatized or shut down by year end.
click here
11 February, 2005
SKF will acquire full ownership of SKF India Ltd.
Company continues financial and operations streamlining.
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10 February, 2005
Japan files WTO complaint over U.S. dumping calculations
Trade Ministry charges its bearing industry is impeded by illegal U.S. duties.
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9 February, 2005
Koyo Seiko merging with Toyoda Machine
Long-term survival at stake in increasingly competitive market for auto components.
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8 February, 2005
Smuggled bearings seized in India
Authorities continue efforts against counterfeits and duty-evading smugglers.
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7 February, 2005
Minebea reports third quarter fiscal 2005 results
Strong bearing and rod-end sales lead profit improvement as disk drives stagnate.
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4 February, 2005
Industry executives take new bearings
Several companies in the bearing industry announce executive moves.
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3 February, 2005
SKF proposes stock split, one-time payout
Series of financial moves continues, targeting stock liquidity, shareholder value.
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2 February, 2005
Applied Industrial acquires Groupe GLM
Canadian operations strengthened with addition of Northern Quebec distributors.
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1 February, 2005
Timken reports 2004 fourth quarter, full fiscal year results
Record sales and profits track stronger bearing and steel markets worldwide.
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31 January, 2005
SKF reports fourth quarter and fiscal 2004 results
Sales and earnings both improve strongly, despite exchange rate effects.
click here
28 January, 2005
Morgan Carbon closing Exeter bearing plant
Worldwide restructuring effort claims another Morgan operation in U.S.
click here
27 January, 2005
Recent U.S. Government contract awards for bearings
47 contracts detailed.
click here
26 January, 2005
SKF divests Ovako ring mill in France
Selloff to FOMAS leaves three Ovako plants in Sweden.
click here
25 January, 2005
CompX completes Thomas Regout sale
Management buyout for Netherlands producer of precision bearing slides.
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24 January, 2005
Head of Minsk Bearing Plant arrested
Authorities allege contract abuse triggered massive losses, bankruptcy.
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21 January, 2005
Wanxiang and Sojitz in joint venture to produce bearings
Both work to leverage each other's strength in China's auto industry.
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20 January, 2005
Kaydon files $400 million shelf registration
Filing allows additional equity flexibility as favorable markets develop.
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19 January, 2005
SKF AB acquires majority ownership of SKF India Ltd.
Convoluted 2001 warrant exercise boosts parent ownership from 46% to 53%.
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18 January, 2005
NSK closing Ann Arbor bearing plant
Hard-hit ball bearing production moves to Clarinda by third quarter 2007.
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17 January, 2005
INA and FAG to formally merge by 2006
FAG board agrees to end artificial autonomy negotiated in 2001 takeover.
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14 January, 2005
Kaydon Ring & Seal remains on strike
Workers reject new contract; shutdown enters second month.
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13 January, 2005
NTN plans new R&D centers in three countries
Company acts as customers push reduced time-to-market and development cycles.
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13 January, 2005
United Steelworkers, Paper and Chemicals unions merge
Forms largest manufacturing-oriented union in North America.
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12 January, 2005
Hoover Precision will represent Cooper seals worldwide
Companies leverage access to "nearly identical" customer base.
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11 January, 2005
KC Engineering acquires Hoyt Darchem
Leading babbitt bearing operations in UK combine complimentary production.
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10 January, 2005
RBC acquires U.S. Bearing
Aerospace bearing operations mesh with RBC's existing operations and markets.
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7 January, 2005
System Plast acquires Nolu Plastics, Solus
Consolidation in conveyor and material handling bearing and component business.
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6 January, 2005
Industry executives take new bearings
Several companies in the bearing industry announce executive moves.
click here
5 January, 2005
Reliance Growth takes larger stake in NRB Bearings
Indian growth fund ups NRB ownership to over 5%, declares 25% dividend for 2004.
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4 January, 2005
Metso will close Morse marine bearing plant in Keokuk
Non-core marine businesses being disposed or consolidated in underutilized facilities.
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3 January, 2005
CompX divesting Thomas Regout Netherlands operation
Loss-plagued European ball bearing slide plant split off from U.S. facility.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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eBearing.com ... for everything that moves™
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Copyright information is on www.copyright.com
Unauthorized reproduction is prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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