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The eBearing News
For the Year 2006
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28 December, 2006
SKF reveals 2007 cost control, efficiency initiatives
1,000 workers to be laid off in $58 million housecleaning.
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27 December, 2006
Timken divests automotive steering unit
Former Torrington asset sale marks Connecticut exit, $54.3 million loss.
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22 December, 2006
Commerce rescinds CMC bearing duties
Chinese manufacturer able to prove no governmental control.
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21 December, 2006
NSK opens tech center in Pakistan
First direct investment may presage a larger presence.
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20 December, 2006
Federal-Mogul expanding Blacksburg engine bearing plant
$12.7 million investment will bring 71 new jobs, as St. Johns closes.
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19 December, 2006
SKF names McGrath to head North American aftermarket VSM
Diggory stays, shifts to business development role.
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18 December, 2006
RBC finalizes Nice Bearing real estate sale
Final chapter written for another historic U.S. bearing facility.
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15 December, 2006
Federal Reserve pushes China to stop undervaluing currency
Bernanke charges artificially low yuan distorts manufacturing markets.
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14 December, 2006
Xibei and CSC form oilfield bearing joint venture
Chinese producers address fast-growing drilling and energy exploration market.
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13 December, 2006
Miller Park roof bearings and drives replaced
Troublesome bogies replaced with new high-capacity units.
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12 December, 2006
SKF boosts Indonesian bearing production
New plant services domestic and export two-wheeler market.
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11 December, 2006
Jamaica reveals single-brand strategy
Diversified manufacturer unifies varied business units.
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8 December, 2006
Kaydon expanding Sumter bearing plant
Second expansion boosts recent Sumter investments to $30 million.
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7 December, 2006
Auburn Ball Bearing acquired by Fairport Products
Thrust bearing manufacturer last acquired in 1900 by M.D. Knowlton.
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6 December, 2006
SKF closing South African ball bearing plant
Uitenhage a victim of currency strength and international economics.
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5 December, 2006
Dana divests bearings and engine hard parts to MAHLE
Clevite and Glacier Vandervell go to key German engine parts producer.
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4 December, 2006
Delhi commercial zone enforcement hits bearing sellers
Supreme Court - ordered action closes thousands of unregulated businesses.
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1 December, 2006
Timken acquires Turbo Engines from Bristow
Continues aggressive expansion into aerospace aftermarket sector.
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30 November, 2006
SNR sets up aerospace bearing center in China
Move into important developing market parallels other bearing makers.
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29 November, 2006
Schaeffler pinion bearings net PACE nomination
Innovative double-row ball bearing design recognized.
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28 November, 2006
Russia initiates China bearing dumping investigation
Second investigation in 2006 follows similar Ukrainian action.
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27 November, 2006
FAG makes final Joplin environmental settlement
25-year-old trichloroethylene spills still contaminate local water supplies.
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24 November, 2006
Timken will end Torrington presence
Long-predicted move now formally announced.
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23 November, 2006
NSK's first Indian bearing factory approved
Chennai plant will produce both automotive and industrial bearings.
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22 November, 2006
Weimer Bearing acquires Wisconsin Stamping
Continues aggressive growth and acquisition strategy.
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21 November, 2006
SKF completes Ovako sale
Consolidation continues to swallow steelmakers.
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20 November, 2006
Delux building new bearing plant in India
50th anniversary celebration comes amid strong overall growth.
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17 November, 2006
Kaman reports third quarter 2006 results
Aerospace bearing capacity coming online to meet strong demand.
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16 November, 2006
KC Bearings expanding production range
Larger, heavy-duty applications sourced by MAN truck venture.
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15 November, 2006
Bearing noise helps delay Ford Edge, Lincoln MKX
Four-wheel-drive rear hub assemblies among new vehicle's faults.
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14 November, 2006
Accura ships 0.15 micron grinder
Ball bearing inner race roundness 0.15; 0.25 for outer.
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13 November, 2006
Minebea reports second quarter 2006 results
Bearing sales strong, China gains as customers shift production.
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10 November, 2006
Applied Industrial reports first quarter 2007 results
Record earnings up 31% on double-digit sales growth.
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9 November, 2006
Timken building aerospace bearing plant in China
Asia's fast-growing aerospace and precision market targeted.
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8 November, 2006
SKF establishes Chicago Learning Center
Fifth high-tech facility worldwide is North America's first.
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7 November, 2006
Baldor acquiring Reliance, Dodge Bearing from Rockwell
Deal will more than double Baldor sales and margins.
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6 November, 2006
HMT Bearings faces restructuring deadline
Troubled Indian manufacturer must find joint venture bailout partner.
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3 November, 2006
Timken building new bearing plant in India
Long-rumored facility in Mahindra City to be U.S. affiliate.
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2 November, 2006
ArvinMeritor truck drivelines recalled over u-joint separation
3,800 Volvo and Freightliner dual drive axle trucks involved.
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1 November, 2006
Kaydon reports third quarter 2006 results
Record sales drive investments in specialty bearing production.
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31 October, 2006
Timken reports third quarter 2006 results
Automotive continues to drag down Industrial and Steel groups.
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30 October, 2006
NN reports third quarter 2006 results
Industry bellwether clipped by Big Three cutbacks.
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27 October, 2006
RBC building new aerospace bearing plant in Torrington
Production at elderly Standard Plant will shift beginning in mid-2007.
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26 October, 2006
Federal-Mogul reports third quarter 2006 results
Acquisition, nonoperating gains fail to generate profits.
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25 October, 2006
Austin Engineering reports second quarter 2006 results
Sales, profits and share price all up dramatically.
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24 October, 2006
SNL reports second quarter 2006 results
Troubled Indian manufacturer continues turnaround to solvency.
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23 October, 2006
Koyo joins the fight for CDSOA payouts
Manufacturers begin jockeying for slices of multimillion dollar pie.
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20 October, 2006
SKF wins landmark CDSOA revision in Court of International Trade
Restricted participation found unconstitutional, potentially allowing
many more U.S. domestic bearing manufacturers to receive CDSOA disbursements.
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19 October, 2006
Wyko acquired by Eriks Group
Creates Europe's largest bearing and power transmission distributor.
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18 October, 2006
SKF reports third quarter 2006 results
Market pummels on weaker-than-expected performance.
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17 October, 2006
NSK will build bearing plant in India
First manufacturing facility in India targets industrial bearings.
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16 October, 2006
GEMA marks Job One
Global engine alliance may massively consolidate 4-cyl component demand.
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13 October, 2006
Timken cutting seamless tube
Unprofitable Desford bearing tube plant to be sold or shuttered.
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12 October, 2006
ArvinMeritor building axle plant in China
Continuing shift hurts North American, helps Chinese bearing producers.
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11 October, 2006
KBR acquires Hanwha Korea bearing ball production
Expansion and wider export sales targeted.
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10 October, 2006
Japan appealing WTO zeroing decision
Claims faulty dumping calculation method hits bearings unfairly.
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9 October, 2006
Federal-Mogul acquires controlling stake in Goetze India
Inexpensive asset gain also boosts key Indian market presence.
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6 October, 2006
Over 500 striking ABL workers arrested
Indian bearing manufacturer remains shuttered, workers unpaid.
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5 October, 2006
ITC adjusts antidumping duty orders on bearings
Sunset reviews keep six in place, rescind two.
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4 October, 2006
Federal-Mogul reports second quarter 2006 results
Lower sales trigger wider losses, deeper debt, bearing business restructuring.
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3 October, 2006
Timken expanding ICAR staff
Powertrain engineering group will double in size.
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2 October, 2006
ABC Bearings reports quarterly results
Largest Indian roller bearing producer remains capacity constrained.
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29 September, 2006
Timken slashing Automotive bearing group
700 layoffs, other actions respond to North American sales declines.
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28 September, 2006
Fire hits ACM Bearings
Quick action at UK composite bearing producer limits damage, avoids environmental issues.
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27 September, 2006
Z-Star shuttered
Long-suffering Watertown bridge bearing company closes.
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26 September, 2006
EBC floats $150 million bond offering
Largest Russian bearing manufacturer retiring debt, funding growth.
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25 September, 2006
Garlock supplying Timken with seals, bearing isolators
Joins National seals in Timken Industrial lineup.
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22 September, 2006
SPZ forms joint venture in China
Jiangsu hosts first Russia-China joint venture bearing plant.
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21 September, 2006
Gabriel exiting engine bearing business
Low profits, share price crash, prompt return to the basics.
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20 September, 2006
Timken marks tenth anniversary manufacturing in China
Expansion plans target continuing 20% growth.
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19 September, 2006
SKF reveals major moves in China
New facilities, aggressive investments target fourth-largest market.
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18 September, 2006
Timken expanding Arizona operations
Alcor aerospace business expanding, planning acquisitions.
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15 September, 2006
SKF acquires Monitek Australia
Extends coverage in high-precision and proprietary condition monitoring.
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14 September, 2006
RBC acquires All Power Manufacturing
Nominal aerospace competitor consolidates to plain bearing division.
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13 September, 2006
Timken will supply PROTOS rail bearings
Fast contract turnaround keeps trains set for September 2007 launch.
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12 September, 2006
NRB receives business turnaround award
Key Indian manufacturer reverses Hyderabad operation.
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11 September, 2006
Asahi Tec acquires Metaldyne
Merged organization looks to leverage Asian sales for survival.
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8 September, 2006
NSK reveals lightweight wheel bearing hub unit
Cold forging technology allows weight and size reduction.
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7 September, 2006
Timken introduces multipoint lubricator
Adds to existing lineup of single point systems.
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6 September, 2006
Austin Engineering reports first quarter 2006 results
Indian manufacturer sets new quarterly sales record.
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5 September, 2006
Taiwan reports first half 2006 bearing exports
Battles increased Chinese exports across world markets.
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4 September, 2006
Phillips patents ATV Speed Bearing
Harsh Alaskan service needs spark innovation.
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1 September, 2006
Timken reports second quarter 2006 results
Record sales reflect broad non-automotive strength.
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31 August, 2006
China Bearing files for Singapore IPO
Former Shandong Yimeng seeks to monetarize and expand.
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30 August, 2006
Romanian effort to privatize Rulmentul Brasov continues
New commissioner lacks buyers to meet EU, IMF deadlines.
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29 August, 2006
INA building another bearing plant in Romania
Larger sizes will be added to mix currently produced.
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28 August, 2006
Boca releases ceramic bicycle bearings
Hybrid bearings offer better performance, longer life.
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25 August, 2006
JTEKT reports Koyo results for 2006
First combined report for key Toyota bearing supplier.
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24 August, 2006
BSA sets fall meeting schedule
Bearing Specialist Association in Chicago September 24-26.
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23 August, 2006
Minebea reports first quarter 2007 results
Already-strong bearing sales gain another 10% worldwide.
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22 August, 2006
Pacamor Kubar maintains 99.4% on-time delivery
Claims U.S. industry leadership in delivery and lead times.
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21 August, 2006
Menon lands GM engine bearing order
Indian bearing manufacturer extends North American reach.
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18 August, 2006
THK celebrates 25 years in the U.S.A.
Success in North American marketplace key to worldwide presence.
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17 August, 2006
Japan extends punitive tariffs on U.S. bearings by a year
Failure to repeal CDSOA triggers WTO-approved proportionate retaliation.
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16 August, 2006
FAG India reports first quarter 2007 results
Record performance presages further manufacturing growth.
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15 August, 2006
NRB reports first quarter 2007 results
Sales and profits up but expansion program drags earnings.
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14 August, 2006
RBC reports first quarter 2007 results
Results up, but sales stall predicted for next quarter.
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11 August, 2006
SNL Bearings reports fiscal year results
Indian manufacturer turns around to post robust profit.
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10 August, 2006
SKF acquires Precision Balancing
Expands spindle service to 4 U.S. locations and 17 worldwide.
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9 August, 2006
Koyo will build two bearing plants in Tennessee
Demand driving U.S. production of tapers up 50% by 2008.
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8 August, 2006
NSK building new bearing plant in Japan
Industrial bearings will dominate $100 million Fujisawa plant.
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7 August, 2006
Rockwell Dodge workers strike Columbus plant
Health insurance, pay issues block agreement at division being sold.
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4 August, 2006
NTN and Iljin reach settlement in axle bearing patent dispute
U.S. ITC section 337 investigation terminated.
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3 August, 2006
Kaman reports second quarter 2006 results
Record specialty bearing sales prompt U.S. plant expansion.
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2 August, 2006
SKF launches Spindle Service Center in China
Fastest-growing machine tool market gets leading-edge facility.
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1 August, 2006
Kaydon reports second quarter 2006 results
Specialty bearing production draws $30 million investment.
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31 July, 2006
NHBB President elected Minebea Executive Officer
Becomes first high-level American at Minebea.
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28 July, 2006
RBC reports fourth quarter, FY 2006 financials
Optimism marks first publicly-traded year-end results.
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27 July, 2006
SKF continues Brazil automotive investment
Bearing capacity now up 7 million units over 2005.
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26 July, 2006
General Bearing relaunches stock buyback
Third attempt comes at triple the previous offer.
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25 July, 2006
NTN completes SNR investment strategy
Phased-in buyout may appease critics, give significant European boost.
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24 July, 2006
New Way receives Pennsylvania grant
Porous media air bearing producer recognized as technology leader.
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21 July, 2006
SKF India reports second quarter 2006 results
Dominant bearing manufacturer posts 84% sales increase.
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20 July, 2006
Lehigh Valley Plastics consolidating locations
Polymer bearing producer putting four operations under one roof.
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19 July, 2006
NTN in new Japanese manufacturing venture
Latest step in bid to dominate global CV bearing market.
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18 July, 2006
SKF completes Ovako divestiture
Spinoff venture sale will net it up to $62 million.
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17 July, 2006
Minebea reports fourth quarter, fiscal year 2006 results
Bearing operations continue record pace and profitability.
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14 July, 2006
SKF posts second quarter 2006 results
Record sales for world's largest bearing manufacturer.
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13 July, 2006
Gabriel India adds to engine bearing capacity
Production increase to supply European and North American automakers.
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12 July, 2006
Oiles moving European distribution to Czech Republic
Germany loses distribution by 2007 after losing manufacturing in 2005.
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11 July, 2006
RBC CEO to ring NASDAQ closing bell
Live webcam link included for July 20 event.
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10 July, 2006
Thordon adds thermoplastic bearing material
Wider operating range makes thermoplastic a bronze alternative.
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7 July, 2006
GGB to build bearing plant in India
Latest move in long-term market development effort.
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6 July, 2006
RBC sues SKF over Nice bearing contracts
Long-term exclusive supply arrangement sours.
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5 July, 2006
European Bearing will build plant in India
Russian company hopes to reach India's industrial and rail markets.
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4 July, 2006
SKF completes SNFA acquisition
Merger boosts SKF aerospace and machine tool offerings.
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3 July, 2006
Timken sells European Precision Components plants
Divestiture continues move away from tube, nets $9.9 million loss.
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30 June, 2006
SKF acquires John Crane Safematic
Transaction extends lineup of value-added lubrication systems.
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29 June, 2006
Z-Star faces eviction, likely shutdown
Troubled bridge bearing manufacturer running out of options.
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28 June, 2006
ISO adopts SKF Bearing Life calculations
Implementation in 281 brings SKF/Palmgren influence full circle.
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27 June, 2006
Federal-Mogul launches through-hardened bearing line
Seeks heavy-duty service market growth for National brand.
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26 June, 2006
Rockwell Automation to divest bearing business
Dodge Bearing part of Power Systems division for sale.
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23 June, 2006
NRB reports fiscal 2006 results
Sales and earnings both up strongly; SNL subsidiary also improves.
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22 June, 2006
Nissan recalls Navara trucks
All early production may suffer rear axle bearing failure.
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21 June, 2006
Revolvo invests in advanced manufacturing
UK precision bearingmaker spends $2.8 million to stay ahead.
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20 June, 2006
INA/FAG consolidates Canadian warehousing
Dorval closed, inventory shifts to Oakville headquarters.
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19 June, 2006
RBC completes follow-on stock offering
Shareholders also sell large stakes in secondary.
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16 June, 2006
SNR employees protest NTN takeover
Annecy workers take to the streets.
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15 June, 2006
Garlock in Asian joint venture
Tokyo-based organization to boost Garlock's market penetration.
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14 June, 2006
Hearing scheduled for Delphi's losing contracts
Virtually all bearings being sold to GM are targeted.
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13 June, 2006
North Coast acquires Precision Automotive Industries
Merges Corteco/Freudenberg former aftermarket bearing line.
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13 June, 2006
CSS doubling bearing steel production
Key Chinese producer may begin exploring export markets.
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12 June, 2006
EC clears SKF acquisition of SNFA
Takeover still faces French public and private scrutiny.
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9 June, 2006
Railko layoffs follow acquisition by Tenmat
UK bearing production will shift to Tenmat site.
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8 June, 2006
Kolbenschmidt Pierburg expanding Fountain Inn
KS Bearings heads to larger facility as restructuring pays off.
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7 June, 2006
Commercial Solutions acquires Excel Bearings
Canadian distributors now cover more territory, more products.
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6 June, 2006
Timken India targets commercial vehicle service
Strategy includes offering array of new products and services.
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5 June, 2006
Taiwan reports 1Q2006 machinery market activity
Bearing segment drops to 10th but gains 13% from 2005.
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2 June, 2006
Virginia Forge doubling hub unit capacity
Growing bearing market drives automated plant's capacity boost.
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1 June, 2006
Nachi expands automotive bearing production
Transmission, transaxle bearing sales projected to double.
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31 May, 2006
Schaeffler Group looks to acquire Luoyang Bearing
Many question value of deeply troubled Chinese manufacturer.
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31 May, 2006
UBC encouraged to manufacture bearings in Pakistan
Government sees opportunity as UBC participates in IGATEX.
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30 May, 2006
SKF will acquire Economos seal
Boosts presence in engineered seals, plastics and machining equipment.
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29 May, 2006
SNI introduces ultra precision grinders
Sub-micron capability targets specialty bearings and aerospace.
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26 May, 2006
Apollo set to acquire Rexnord
Carlyle divests to another private equity investment group.
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25 May, 2006
NTN acquires IFA stake
Continues focused effort to dominate CV joint market.
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24 May, 2006
NRB investing for massive production boost
Doubling and tripling bearing output planned by 2008.
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23 May, 2006
Nachi expanding CV joint production
Tactical investments targeting 6 million more bearings in 2006.
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22 May, 2006
Spalling problems for cruise ship pod drives
Three liners currently out of service with bearing failures.
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19 May, 2006
NSK Brazil pressing aftermarket sales
Huge motorcycle aftermarket targeted in market share strategy.
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18 May, 2006
SKF completes RC DEI Norge acquisition
Continues to build larger presence in oil and gas industry.
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17 May, 2006
Kaydon reports first quarter 2006 results
Strong bearing sales help push sales and earnings up sharply.
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16 May, 2006
Timken wins RWE power conveyor contract
Bearings will service over 100 miles of advanced mining conveyor.
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15 May, 2006
China reports bearing industry output
Early 2006 production and sales up 20%.
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12 May, 2006
BSA elects officers, celebrates 40th anniversary
Key organization for distributors marks milestone.
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11 May, 2006
NN reports first quarter 2006 results
Improved efficiency, performance hampered by currency effects.
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10 May, 2006
SKF wins pendolino rail bearing contract
Fourth generation sets designed to reach 250 km/h.
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9 May, 2006
Bearing failures plague cruise liner deliveries and operation
Pod drive systems continue high-cost troublemaking.
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8 May, 2006
SKF divests Luchow forging plant
Bearings stay; forging production now considered non-core.
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5 May, 2006
General Bearing reports first quarter 2006 results
Modest sales gain produces strong net income growth.
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4 May, 2006
NN sets up sales office in Japan
Kago comes on as Asian operations gain traction.
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3 May, 2006
Three join SKF Asset Management services
Value-added operations organize, rebrand as SKF.
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2 May, 2006
Kaman opens four distribution locations
Manufacturing in southern U.S. states continues to drive support needs.
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1 May, 2006
New GM for Clevite aftermarket Engine Parts
Murky future remains for Dana bearing operations.
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28 April, 2006
Hoover acquires Chongqing Steel Ball
Lower-cost chrome steel balls to compete in Chinese market.
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28 April, 2006
Timken reports first quarter 2006 results
Stronger overall results reflect mixed segment performances.
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27 April, 2006
Bearing manufacturers in top 150 auto suppliers
Automotive News lists 2005 U.S. industry vendors.
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26 April, 2006
SKF reports record first quarter 2006 results
Organic sales growth, margins, metrics improve worldwide.
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25 April, 2006
Morse Rubber acquires Metso marine bearing
Management buyout keeps key U.S. marine bearing manufacturer operating.
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24 April, 2006
Taiwan bearing exports in 2005 near $500 million
Machinery and parts sector exports continue robust growth.
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21 April, 2006
Berliss Bearing workers in line for aid
Imports from China drive Trade Adjustment Assistance consideration.
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20 April, 2006
NSK Ann Arbor workers qualify for aid
Labor finds jobs were lost due to increased ball bearing imports.
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19 April, 2006
General Bearing abandons sell-off plan
Proper valuation of results and growth not achieved.
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18 April, 2006
NTN courts overseas investors
Company hopes wider base will improve liquidity, reduce volatility.
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17 April, 2006
FAG India reports record first quarter 2006
Sales and earnings continue to gain momentum.
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14 April, 2006
Shanghai Electric files subsidiary IPO
$150 million spinoff includes SBC Bearing Group.
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13 April, 2006
NTN launches low-torque TRB
Efficiency, 50% operating torque reduction claimed.
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12 April, 2006
Carlyle files IPO for Rexnord
Investment group monetarizing manufacturing acquisition.
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11 April, 2006
Federal-Mogul closing St. Johns plant
Excess capacity drives restructuring, production shift.
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10 April, 2006
General Bearing reports 2005 results
Record sales and earnings continue strong trend.
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7 April, 2006
SKF acquires Macrotech Polyseal
Industrial seal product line strengthened and broadened.
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6 April, 2006
TriStar acquires CJ Bearings from Saint-Gobain
Polymer bearing company grows as Saint-Gobain exits.
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5 April, 2006
Applied Industrial acquires Minnesota Bearing
Upper Midwest expansion also brings fluid power business.
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4 April, 2006
SKF announces plan to acquire SNFA
INA/FAG rejected, SKF believes French acquisition possible.
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3 April, 2006
Minebea realigns bearing development
Cross-organizational groups seek R&D synergies.
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31 March, 2006
Delphi targets Sandusky bearing plant to sell or close
"Non-core" product line lost $34 million in 2005.
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30 March, 2006
Timken expanding Lincolnton hub assembly capacity
More capacity needed, despite doubling since 2002.
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29 March, 2006
NSK will receive $1 million for Clarinda production shift
Ann Arbor bearing plant closing to benefit Iowa.
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28 March, 2006
Eich will head NTN Bearing Corp. of America
Rick Thomas retires after three years.
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27 March, 2006
SKF names Nelander to Aerospace unit
Promotions ripple as Thoren retirement planning continues.
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24 March, 2006
SKF exploring options to divest Ovako
Year-old spinoff steelmaker on the block.
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23 March, 2006
FAG Hungary creating European supply base
Debrecen will be European center for ball bearings.
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22 March, 2006
SKF India adding cylindrical capacity
Aggressive expansion program targets high-value export output.
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21 March, 2006
Timken cuts Honea Path jobs
Weak auto industry forces 5% workforce reduction.
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20 March, 2006
U.S. DoD loosens DFARS domestic sourcing requirements
More foreign-sourced bearings destined for military applications.
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17 March, 2006
Bearing 2006 set for Italy in May
Ninth annual international conference heads to Lake Maggiore.
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16 March, 2006
Pacamor Kubar extends dental bearing line
U.S. producer widens offerings for market it entered in 2004.
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15 March, 2006
Glacier Vandervell's Bathgate plant hit by fire
Engine bearing operation damaged; Dana still shopping division.
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14 March, 2006
NTN and SNR reopen stalled talks
Bearing makers look to combine complimentary assets.
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13 March, 2006
IKO building bearing plant in Vietnam
Factory reportedly targets growing list of auto manufacturers.
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10 March, 2006
NTN and NEI building CV joint plant in India
Joint venture facility will anchor NTN regional expansion.
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9 March, 2006
SKF Italy posts record 2005 results
Key European manufacturing operations enjoy broad market gains.
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8 March, 2006
New INA bearing catalog incorporates FAG
40,000 products unified in one 1,500 page catalog.
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7 March, 2006
NN reports fiscal fourth quarter and full year 2005 results
Industry bellwether posts record sales and earnings.
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6 March, 2006
Kaman reports fiscal fourth quarter, full-year 2005 results
Airframe bearings post record sales on 19% jump.
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3 March, 2006
Timken France slashes Vierzon workforce
Soft auto industry claims a third; engineers moving to Colmar.
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2 March, 2006
Counterfeit bearings seized in Vietnam
Increasing crackdowns across Asia put pressure on counterfeiters.
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1 March, 2006
U.S. Commerce considers amending industrial census process
MA332Q for Antifriction Bearings among them; your comments requested.
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28 February, 2006
Kaydon reports fourth quarter, full-year 2005 results
Strong bearing sales, price increases push results beyond estimates.
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27 February, 2006
Carlyle considers Rexnord divestiture options
Bearing manufacturing remains among key operations.
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24 February, 2006
BSA Oilite Bearing operations acquired
Management buyout forms Oilite Bearings from BSA remnants.
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23 February, 2006
SKF achieves OHSAS 18001
Initiatives cut lost-work accidents by 75% since 2000.
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22 February, 2006
Synchrony receives $5 million investment
Magnetic bearing developer eyes new market opportunities.
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21 February, 2006
NRB reports third quarter 2006 results
Sales and earnings ahead of expectations as export growth eyed.
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20 February, 2006
Sujana receives BCCL investment
Indian manufacturer passes growth milestone.
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17 February, 2006
Recent U.S. Government contract awards for bearings
84 contracts detailed.
Now with more contracts, direct award links.
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16 February, 2006
Multinational moldable air bearing project takes shape
Indian and German companies collaborating in government-funded venture.
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15 February, 2006
SKF Germany posts strong 2005 results
Weak German economy fails to derail SKF performance.
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14 February, 2006
RBC reports third quarter 2006 results
Sales and income up, as markets and margins strengthen.
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13 February, 2006
Minebea reports third quarter 2006 results
Bearing sales continue strong in all markets.
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10 February, 2006
BSA Advanced Sintering ceases most operations
Auto industry troubles plague all but Oilite bearing division.
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10 February, 2006
NSK reports third quarter fiscal 2005 results
Results up as Japanese automakers thrive, but inventory builds.
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9 February, 2006
Rulmentul Brasov privatization offer rejected
Status of Romania's state-run bearing plant remains unresolved.
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8 February, 2006
Ukraine investigating Chinese bearing imports
Domestic industry threatened by counterfeits and low prices.
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7 February, 2006
Top Chinese bearing brands named
WBL lists the ten most valuable bearing brands in use.
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6 February, 2006
GKN shuttering Litchfield plant
High costs, market downturn and MG Rover failure blamed.
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3 February, 2006
RBC closing Nice Bearing in Kulpsville
Production will likely shift to South Carolina facilities.
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2 February, 2006
Timken reports fiscal year 2005 results
Record sales but stock suffers from higher expectations.
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2 February, 2006
Timken reports fourth quarter 2005 results
Stock pummeled as results fail to reach expectations.
click here
1 February, 2006
SKF reports fiscal year 2005 results
Strong growth follows improving non-automotive markets.
click here
1 February, 2006
SKF reports fourth quarter 2005 results
Sales up but markets punish surprisingly weak profits.
click here
31 January, 2006
SNI expands bearing grinder capacity
Unprecedented cycle of grinder demand prompts expansion.
click here
30 January, 2006
GKN closing all three Michigan plants
Company faces continued auto industry weakness and cost pressures.
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27 January, 2006
Timken to sell, lease back Carlyle location
Rail bearing service operation one of several in the U.S.
click here
26 January, 2006
Solvay acquiring Mississippi Polymer Technologies
Proprietary Parmax polymer used to produce precision bearings.
click here
25 January, 2006
ABC Bearings plans to double production
Pace of demand requires significant investment to hold market share.
click here
24 January, 2006
GM extends hub bearing sensor recall to 1.3 million trucks
Third recall addresses ABS braking malfunction due to corrosion.
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23 January, 2006
Timken eyes needle roller bearing production in India
Owned capacity would supplant part-owned subsidiary production.
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20 January, 2006
Ceramic bearings now mass-produced in China
Plant in Dalian province caps three-year government-backed effort.
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19 January, 2006
Clutch Auto acquires Pioneer clutch assets
Indian clutch parts supplier plans expansion in Americas.
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18 January, 2006
Nidec will build fluid bearing motor plant in Vietnam
Country poised to become second-largest manufacturing base after China.
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17 January, 2006
NSK Brazil continues strong sales growth
Double-digit growth forecast to continue as new markets develop.
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16 January, 2006
NTN moves to acquire SNR
Renault division reportedly targeted in restructuring effort.
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13 January, 2006
TSB Group acquires Xiangyang Bearing
Consolidation comes to China's largest bearing manufacturers.
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12 January, 2006
Minebea boosting aerospace bearing investments
Company continues aggressive protection of dominant market position.
click here
11 January, 2006
Timken expanding Altavista hub assembly plant
Aftermarket demand drives $10.3 million project.
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10 January, 2006
Asian Bearing shuts down operations
Troubled Indian manufacturer idles over 700 workers.
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9 January, 2006
Recent U.S. Government contract awards for bearings
111 contracts detailed.
Now with more contracts, direct award links.
click here
6 January, 2006
Wafangdian invests in Swedish machine tools
New grinders boost capacity by 90 million bearings per year.
click here
5 January, 2006
INA pursues aggressive manufacturing expansion in India
Production to double by 2008, with exports an additional focus.
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4 January, 2006
Mahindra and Mahindra acquires Stokes Group
Key UK forging supplier will now leverage M&M vertical integration.
click here
3 January, 2006
NTN building CV joint plant in India
Key step toward target of CV joint market leadership by 2010.
click here
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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™
Copyright 1999-2011, eBearing Inc. All rights reserved.
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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