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The eBearing News
For the Year 2007
Please use the SEARCH function for easier searching
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26 - 30 December, 2007
Bearing industry 2007 CDSOA payouts listed
Finally ... the tables everyone has been asking about.
Introduction - start here
Table 1 - Payouts to date by CCN
Table 2 - Payouts to date by Company
Table 3 - Potential payouts with holds released
Table 4 - Potential payout by Clearing Account
24 December, 2007
INA continues Spartanburg cutbacks
U.S. auto slowdown puts increasing pressure on suppliers.
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20 December, 2007
MGM Bearing acquired by Rulmenti Barlad
Romanian division of Turkish company acquires Hungarian manufacturer.
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19 December, 2007
Plastics Capital lists on London AIM market
BNL Bearing parent moves toward liquidity, lower-cost equity.
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18 December, 2007
IFC loans $5.5 million to push Daido's ZMZ acquisition
Russian engine bearing spinoff gets second round of financial support.
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17 December, 2007
Russia will hit Chinese bearings with dumping duties
41.5% rate for most ball and roller bearings.
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13 December, 2007
GGB acquires precision molding vendor Bohringer
Increased vertical integration also adds growth markets.
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12 December, 2007
SKF and GE in jet engine bearing joint venture
Captive supply seen as key to ensuring availability.
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11 December, 2007
AST Bearings sold
Private equity Tonka Bay pays $15.5 million for Axsys division.
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10 December, 2007
Aurora Bearing expands
New facility consolidates offices and three manufacturing sites.
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6 December, 2007
NASA makes bearing technology available for licensing
Flexure based linear and rotary bearings.
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5 December, 2007
Sujana looks beyond bearings for OEM opportunities
Focus shifts to finding other products for OEM inroads.
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4 December, 2007
GP Automotive supplying SKF bearings to GAU
Stock and logistics to UK/Ireland's largest auto parts buying group.
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3 December, 2007
U.S. posts amended antidumping duties on ball bearings
Error corrections drop Mori Seiki rates, raise Barden Schaeffler's.
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30 November, 2007
SKF plans rail bearing plant in Russia
Massive modernization, expansion plans attract competitors for EBC's 95% market share.
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29 November, 2007
Kaman reports third quarter 2007 results
Bearings continue to shine, Music division sold off, Kuhn retiring.
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28 November, 2007
Bearings Ltd. expands on Long Island
140,000 square foot warehouse adds to eight others.
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27 November, 2007
Deere bearing failures prompt suits
Improper lubrication alleged in farm equipment fires.
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26 November, 2007
Timken turns attention to housed units
New housings, locking systems, and online interchange for Fafnir.
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22 November, 2007
U.S. posts antidumping duties for ball bearings
Covering France, Germany, Italy, Japan, Singapore, UK
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21 November, 2007
777 airworthiness directive includes flap bearings
$10 million program involves 546 aircraft worldwide.
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20 November, 2007
Malex merges, becomes China Wind Systems
Now supplies large precision rings to China's bearing producers.
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19 November, 2007
NN names Anderson as Group VP
Set to steer all non-rolling-element operations.
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16 November, 2007
RBC reports second quarter 2008 results
Strong markets stretch resources, prompt investment plans.
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15 November, 2007
ITC ruling maintains 60.95% duty on PRC TRBs
Tapered roller bearing duties now in 19th consecutive case year.
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14 November, 2007
SKF continues ramping up investments in India
Largest investment country for largest bearing producer.
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13 November, 2007
Timken is PACE award finalist
Little-heralded encoder one of 23 automotive advancements chosen.
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12 November, 2007
Kossan explores rubber bearing JV in Iran
Fast-growing construction sector attracts vendor linkups.
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9 November, 2007
Timken Clinton plant auction set
December 18 -- from grinders to backhoes, everything must go.
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8 November, 2007
SNL Ranchi plant strike ends
Negotiations continue as workers return.
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7 November, 2007
BNL, Peer, Timken, Pioneer in management appointments
Rapid growth and restructuring spurs the domino effect.
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6 November, 2007
NTN/SNR venture produces new hub unit speed sensor
SNR experience offers 40x resolution improvement.
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5 November, 2007
Boeing will close surplus store
Source for advanced equipment and materials moves online.
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2 November, 2007
Timken reports third quarter 2007 results
Demand profiles create disruptions and cost pressures amid restructuring.
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1 November, 2007
Kaydon acquires Avon Bearings
Adds to wind energy lineup, becomes largest slewing ring maker.
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31 October, 2007
NRB reports second quarter 2008 results
Sales climb 7%, but profits hurt by expenses.
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30 October, 2007
Mansur joins MRSE as VP Sales & Marketing
Grinding specialist sees bearing market continuing strong.
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29 October, 2007
Graphalloy bearings focus mesons at Fermilab
Hard work in radioactive, 2.6pH atmosphere.
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26 October, 2007
Wanxiang acquires Dana Coupled Products
$1 transaction will cost Dana $35 million.
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25 October, 2007
SKF India reports third quarter results
Sales, margin, and net all up sharply.
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24 October, 2007
NRB named to Forbes Best 200 of Asia
One of only three Indian heavy manufacturers named.
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23 October, 2007
Timken and North Coast Bearings extend agreement
Trans and diff rebuild kit market continues strong.
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22 October, 2007
SKF reports third quarter 2007 results
Sales and profits up across the board; automotive surprisingly strong.
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19 October, 2007
Timken expanding industrial bearing service
U.S. moves address profitable, fast-growing market segment.
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18 October, 2007
Taiyuan completes oil film bearing plant
Domestic steel industry demand drives expansion.
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17 October, 2007
Saint-Gobain shifting Bristol Rulon production to Mexico
Competition pressures high-overhead U.S. facilities.
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16 October, 2007
SNL Ranchi plant on strike
Workers protest wages, working conditions at NRB division.
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15 October, 2007
Smiths acquires Sartorius Bearing
Hydrodynamic unit no longer strategic or global.
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12 October, 2007
EBC and U.S. manufacturer plan joint venture
Saratov rail bearing plant promises Russian market access.
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11 October, 2007
New Way named to Inc.'s fastest-growing list
Air bearing manufacturer 2,294 out of 7 million+.
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10 October, 2007
Timken acquires Purdy
Aggressive expansion leverages aerospace position.
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9 October, 2007
Motion acquires Meier Transmission
Creates automation and systems business unit.
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8 October, 2007
China TRBs face 60.95% U.S. duty continuation
ITC finds no reason to change Preliminary Determination.
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5 October, 2007
Martins named President of Standard Locknut
Former NSK exec takes reins of bearing product manufacturer.
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4 October, 2007
Kaman opens in Minnesota and Oklahoma
Key bearing distributor continues expanding.
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3 October, 2007
PEER opens tapered plant in Thailand
Added capacity also helps sidestep currency valuation issues.
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2 October, 2007
NSK and ABC form manufacturing venture in India
Automotive bearings target transplant manufacturers.
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1 October, 2007
Tianma nets wind turbine bearing order
1.5 megawatt units gaining popularity in China.
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28 September, 2007
Cooper Bearing continues growth into centenary
Production tracks penetration, organic market expansion.
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27 September, 2007
Timken political donations detailed
No surprises for manufacturing and Republican agendas.
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26 September, 2007
Tsubaki Nakashima building ball plant in China
Greenfield Chongqing facility Tsubaki's third in China.
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25 September, 2007
NN names business manager for India
Bhadarka to pursue organic growth, develop supplier network.
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24 September, 2007
Hunan Sunward acquires Wuxi Fangzhan
Consolidation wave builds among Chinese manufacturers.
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21 September, 2007
Russia eyes centralized defense bearing production
Rosboronexport proposal rekindles communist-era approach.
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20 September, 2007
Nanobearing developments continue
Dielectrophoresis biasing may offer commercial volume.
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19 September, 2007
INA/FAG launches Twin Tandem wheel bearing
Four-row ball bearing targets TRBs in wheel hub units.
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18 September, 2007
Timken Chennai coming online
Greenfield plant adds non-commodity TRB capacity for export.
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17 September, 2007
ABC Bearings reports first quarter results
Sales and profits down sharply despite locally strong markets.
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14 September, 2007
Schaeffler opens new bearing plant in Hungary
Debrecen facility among Hungary's largest private industry projects.
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13 September, 2007
Kian Ho implements advanced ERP
Asian bearing manufacturers abandoning traditional manual systems.
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12 September, 2007
Harsha building cage plant in China
Indian manufacturer moves closer to growing customer base.
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11 September, 2007
Smoke forces SKF Gainesville evacuation
Plant briefly evacuated, won't affect output.
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10 September, 2007
URB Suceava blames China for 35% sales drop
Romanian producer's first half loss improves from 2006.
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7 September, 2007
NSR acquires Rolex Ring stake
High-end private equity moves to India's manufacturing sector.
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6 September, 2007
Boca expands ceramic bearing line
Hybrids include full complement; full ceramics added.
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5 September, 2007
Timken extends Canadian mill support
Weir takes on chock bearing service.
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4 September, 2007
General Bearing reports, restarts repurchase
Second quarter results dip, acquisition rumors and share program boost price.
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3 September, 2007
Wind energy market projects 20% growth
Slows from 28% but bearing applications move upmarket.
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31 August, 2007
Honda recalling 183,000 Civics
Wheel bearing failures linked to faulty sensor seals.
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30 August, 2007
SKF in $94 million Gothenberg expansion
Large bearing demand growing 20% per year.
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29 August, 2007
Minebea reports first quarter 2008 results
Bearing sales improve but profits lag.
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28 August, 2007
Hoover closing Erwin bearing ball plant
Cites excess U.S. capacity, shifts some production.
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27 August, 2007
SKF lists restructuring costs, benefits
Geographically diverse programs should net $23 million yearly.
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24 August, 2007
Daido Metal acquiring Russia's ZMZ Bearings
$20 million engine bearing deal aided by $5 million from EBRD.
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23 August, 2007
Revolvo adds large bearing production capabilities
Continues aggressive expansion program begun in 2006.
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22 August, 2007
Timken restructures
More targeted reporting and responsibilities, automotive deemphasized.
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21 August, 2007
EBC's Hyderabad bearing plant moving forward
Industrial park will also house satellite supplier locations.
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20 August, 2007
Poland's Complex preparing for IPO
CX brand bearing manufacturer focuses on eastern Europe.
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17 August, 2007
Kaydon reports second quarter 2007 results
Expansion programs for wind energy bearings top $78 million.
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16 August, 2007
Kaman reports second quarter 2007 results
Bearing segment now reported separately, shows strong growth.
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15 August, 2007
F-M spindle nut stabilizes bearing adjustment
One-piece units offer .002" end play tolerance.
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14 August, 2007
Timken reports second quarter 2007 results
Industrial and Steel strong as Automotive weakens.
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13 August, 2007
SKF aggressively expanding Avallon plant
Strong wind energy market drives effort to quadruple output by 2010.
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10 August, 2007
RBC reports first quarter 2008 results
Improvement reflects acquisitions and industrial despite Class 8 falloff.
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9 August, 2007
Ford recalls 8,800 cars over wheel bearing failures
Full-size Ford, Lincoln and Mercury involved.
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8 August, 2007
ThyssenKrupp expanding Rothe Erde
Large bearing demand continues to outstrip supply.
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7 August, 2007
Motion Industries acquires Gerrish Bearing
Deepens Pacific Northwest market penetration.
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6 August, 2007
RBC acquires Coastal Bearing Services
Second large bearing acquisition in two months.
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3 August, 2007
SKF enters U.S. skate bearing market
Takes conventional brand into unconventional $5 billion industry.
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2 August, 2007
SKF acquires S2M
Unites leading magnetic bearing manufacturer with Revolve.
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1 August, 2007
Kaman opens four new U.S. distribution centers
Bearings and power transmission division approaches 200 locations.
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31 July, 2007
NRB first quarter 2008 results continue on pace
Sales growth slows but record profits follow expansion.
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30 July, 2007
SKF reports second quarter 2007 results
Sales and profits beat expectations, automotive holds on.
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27 July, 2007
Pacamor Kubar achieves FAA TSO-C149 certification
Aircraft bearing certification follows AS9100:2004.
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26 July, 2007
NTN-Bower Hamilton plant on strike
Heavy-duty TRB market slow; second UAW bearing plant on strike.
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25 July, 2007
Bearing Technologies forms M&A division
Addresses growth by tackling wave of consolidation opportunities.
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24 July, 2007
China amends Five-Year Plan for the bearing industry
Central planning encourages consortiums, manufacturing centers.
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23 July, 2007
Axsys selling AST Bearings
Long-lived division no longer strategic.
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20 July, 2007
SKF employee charged in $822,000 fraud
Key face in SKF USA marketing allegedly paid fake invoices into overseas accounts.
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20 July, 2007
U.S. Commerce retracts antidumping review results
Ball bearings and parts from Japan subject to court decision.
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19 July, 2007
Bearing manufacturers in top 100 automotive OEM suppliers
Automotive News posts annual rankings.
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18 July, 2007
Federal-Mogul reports second quarter 2007 results
Reverses 2006 loss to eke tiny profit on 8% sales gain.
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17 July, 2007
SKF expanding Malaysian facilities
Nilai sales forecast to jump 50% by 2008.
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16 July, 2007
Timken and NSK end China manufacturing venture
NSK buys out automotive-size TRB plant in Suzhou.
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13 July, 2007
Delphi signs Cadiz plant shutdown deal
Final pricetag likely to exceed $270 million.
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12 July, 2007
Strike hits Daido Bellefontaine bearing plant
Thinwall engine bearing plant operating with temporary workers.
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11 July, 2007
SKF India reports second quarter 2007 results
Non-automotive segment continues to push sales, strain capacity.
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10 July, 2007
BSA elects 2007-2008 officers
Association's annual convention covers officers, new board.
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9 July, 2007
Timken wins JSW Steel contract via MillTec rollout
Success creates more bearing sales to India's fastest-growing steelmaker.
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6 July, 2007
Bearing failure sidelines "perpetual motion" demonstration
Lighting ruins Orbo device made famous by Economist ad.
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5 July, 2007
China Bearing and Industrial show set for December
Guangzhou hosts China's largest industrial product trade show.
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3 July, 2007
Fire hits Miba McConnelsville plant
Heavywall plating line damaged over weekend shutdown.
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2 July, 2007
NSK opens expanded plant in Thailand
Continued OEM demand stokes 80% production increase.
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29 June, 2007
U.S. Commerce opens reviews on bearings
Ball bearing tariff and duty reviews from five countries requested.
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28 June, 2007
NRB building needle bearing plant in Thailand
First plant outside India targets fast-growing ASEAN market segments.
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27 June, 2007
Kharkiv Bearing Plant targeting rail bearings
Aggressive expansion efforts continue 7-year turnaround story.
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26 June, 2007
RBC reports fourth quarter, fiscal year 2007 results
Aerospace and acquisitions pace sales as Tyson and Nice falter.
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25 June, 2007
SKF acquires Baker Instruments
Condition monitoring expands into advanced analytics.
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22 June, 2007
Pacamor Kubar with AS9100 certification
Achieves aerospace-specific level beyond ISO 9001.
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21 June, 2007
Kaman will report bearings separately
Aerospace segment reporting to be detailed by sector.
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20 June, 2007
Federal-Mogul plans bankruptcy exit by 2008
But fourth plan hits snags as Chapter 11 heads to seventh year.
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19 June, 2007
SKF and Aker Kvaerner partner for CBM services
Leverages positions in oil and gas industry.
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18 June, 2007
NRB reports fourth quarter, fiscal year results
Sales and profits up strongly amid aggressive expansion effort.
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15 June, 2007
Delphi may turn over Cadiz plant to workers
Civil and political pressure produces unprecedented offer.
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14 June, 2007
SKF building large size bearing plant in India
Parallels similar factory in China and expansion in Sweden.
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13 June, 2007
G&B moves to new facility, Lark joins as VP
OEM-to-aftermarket supplier expands in Midwest U.S.
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12 June, 2007
GGB building polymer bearing plant in China
Suzhou facility addresses fast-growing regional demand.
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11 June, 2007
Rexnord announces fiscal 2007 results
Results stronger but Falk, Zurn, debt load issues linger.
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8 June, 2007
US ITC in ball bearing duty revisions
Antidumping duties listed by country, manufacturer.
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7 June, 2007
NN posts first quarter 2007 results
Continues to face uneven worldwide demand.
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6 June, 2007
DaimlerChrysler Japan recalls minivans
Five years of production may have defective CV joint bearings.
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5 June, 2007
SKF plans U.S. market deregistration
Market globalization eliminating need for duplicate listings.
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4 June, 2007
U.S. Customs releases 2007 CDSOA payout and eligibility lists
Certifications and declarations must be filed by the end of July.
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1 June, 2007
RBC acquires UK's Phoenix Bearings
Extends product line and expertise in producing large bearings.
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31 May, 2007
Peer denies SKF acquisition rumors
China component sourcing audit may have sparked speculation.
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30 May, 2007
Trelleborg acquiring HCRD polymer bearings
Large polymer bearings and seals extend existing product lines.
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29 May, 2007
Hi-Roll Bearings relocates
Makes weekend move south to Braeside.
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25 May, 2007
SKF building new ball bearing plant in India
Boosts production of standard sizes by a third.
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24 May, 2007
India cracks down on bearing ball smugglers
Stops 4.5 metric tons of balls headed for Sri Lanka.
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23 May, 2007
SKF and Baosteel in reman joint venture
Tackles China's largely unexplored market opportunity.
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22 May, 2007
Schaeffler opens R&D center in Shanghai
Complements Taicang and will focus on local market needs.
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21 May, 2007
Kaydon makes more executive moves
New CEO O'Leary begins shaping key staff positions.
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18 May, 2007
Wartsila acquires Railko marine bearings
Broadens, expands stern tube line to include water-lubricated bearings.
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17 May, 2007
NSK releases fiscal 2006 results
Little market weakness in third year of record sales and earnings.
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16 May, 2007
Amatsuji doubling ceramic ball output
Automotive and wind energy markets driving demand.
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15 May, 2007
Propane leak disrupts Timken Gaffney plant
Injury and environmental damage avoided in 7,000 gallon leak.
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14 May, 2007
General Bearing reports first quarter 2007 results
Higher sales hurt by higher costs, shares continue to soar.
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11 May, 2007
Timken releases new bearing catalog
Print, online and CD versions cover all branded product lines.
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10 May, 2007
Gabriel India engine bearing spinoff set
Anand division sets June 1 formation date.
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9 May, 2007
Minebea reports fiscal year 2007 results
Cost-cutting leverages profits up sharply on moderately higher sales.
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8 May, 2007
NSK moving bearing engineering to satellite centers
Five-year plan moves resources closer to markets and customers.
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7 May, 2007
SKF reports first quarter 2007 results
Broad strength, record sales overcome weak North American market.
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4 May, 2007
Kharkiv Bearing Plant investment planned
Ukraine producer faces challenges from China, CIS.
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3 May, 2007
Timken reports first quarter 2007 results
Automotive woes obscure stronger industrial and steel sectors.
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2 May, 2007
FAG Joplin released from long-running pollution case
Final combined settlement for TCE contamination now set.
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1 May, 2007
Commerce requests comments on bearing duty reviews
Requests involve six key tariffs, due by May 31.
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30 April, 2007
Kian Ho Bearings acquisition offer set
Tat Hong boosts ownership stake, triggers takeover play.
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27 April, 2007
Kaydon reports first quarter 2007 results
Record sales follow strong wind turbine bearing demand.
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26 April, 2007
HMT Bearings reports fiscal 2006 results
Government-run HMT sales up, but far short of forecasts.
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25 April, 2007
EC grants incentives for INA Kysucke expansion
Fourth Slovak growth spurt will push employment over 3,500.
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24 April, 2007
Emerson moving Sealmaster to Maysville, HQ to Elsmere
Once-massive Aurora plant to be absorbed, 180 laid off.
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23 April, 2007
Worker's death prompts ABL protest
Over 700 laid off workers block major Indian highway.
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20 April, 2007
Suzuki recalls trucks over propshaft bearing failures
Entire six-year product cycle, 380,000 involved.
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19 April, 2007
Federal-Mogul names Powertrain Bearings head
Shakeup brings in more Euro auto industry experience.
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18 April, 2007
NTN and Korea Flange in Alabama JV
New plant will supply all of Hyundai's USA-built vehicles.
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17 April, 2007
BNL acquires Cobb Slater, shutters Darley Dale bearing plant
UK plastic bearing producer seeks to maintain strong growth.
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16 April, 2007
Delphi trying to close Cadiz bearing plant
How not to go about it.
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13 April, 2007
General Bearing reports fiscal 2006 results
Sales and earnings continue on strong growth pace.
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12 April, 2007
INA inaugurates new bearing plant in India
Larger, greenfield facility needed in fast-growing market.
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11 April, 2007
NTN in joint venture to produce large bearings
Demand outstrips supply for wind power and medical devices.
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10 April, 2007
Jonesboro Bearing acquired by Motion Industries
Extends market reach in high-potential industrial area.
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9 April, 2007
Tata Bearings reports strong growth
Record production matches other divisions, Tata acquisition of Corus.
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6 April, 2007
HMT Group sets bearings sales target
Jump requires government-backed cash infusion to pay vendors.
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5 April, 2007
NTN produces world's smallest roller bearing
5mm TRB targets 635 BB with higher load ratings and longer life.
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4 April, 2007
Timken plans more sourcing from India
Component suppliers improve, step to the world stage.
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3 April, 2007
Rulmentul Brasov shutting down
Troubled Romanian bearing maker reaches the end of the line.
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2 April, 2007
EC approves SNR acquisition by NTN
NTN faces challenges, but not from regulators.
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30 March, 2007
Gabriel India engine bearing divestiture cleared
Federal-Mogul to absorb key engine bearing producer.
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29 March, 2007
Bearings top STLE Annual Meeting agenda
Over 400 technical papers at Meeting and Expo set for May 6 through 10.
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28 March, 2007
EBC reveals Stepnogorsk expansion plans
Kazakh rail bearing plant is already CIS' largest producer.
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27 March, 2007
Taiwan bearing exports jump 24% in January
Imports of equipment used in high-tech manufacturing nearly double.
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26 March, 2007
Timken wins Mexican aftermarket award
Techs choose bearings over 20 other product lines.
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22 March, 2007
Three Gorges Dam turbines use Orkot bearings
12 Alstom units employ Orkot fish-friendly polymers.
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21 March, 2007
Date set for India Bearing Expo 2007
Mumbai becomes host city from 2006 in New Delhi.
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20 March, 2007
ZKL Klasterec sees continued sales gains
Output hits 3 million at largest Czech bearing maker.
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19 March, 2007
O'Leary named Kaydon CEO
Former Beazer CFO takes over from Brian Campbell.
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15 March, 2007
NRB reports third quarter 2007 results
Aggressive expansion moves benefit Indian bearing maker.
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14 March, 2007
SKF, INA/FAG partner to tackle counterfeit bearings
Highlights increasing problem for European-market customers.
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13 March, 2007
Bosch targets increased Chinese bearing purchasing
Component sourcing set to more than triple within the year.
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12 March, 2007
Galaxy building new bearing plant
Indian manufacturer's ASEAN region capacity set to jump tenfold.
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9 March, 2007
Timken closing Sao Paulo bearing plant
Automotive woes hit first non-U.S. facility.
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8 March, 2007
SNI heads WPI grinding research institute effort
Leverages WPI key role in precision grinding since the mid-1800s.
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7 March, 2007
KMT Lidkoping strikes SKF deal
Deepens relationship for precision grinding systems worldwide.
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6 March, 2007
Timken expands large diameter bar capacity
Becomes only U.S. steelmaker offering 15" OD rolled bar.
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5 March, 2007
Bearing Specialists convention set for May 4 - 8
Networking and educational opportunities abound in Florida.
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2 March, 2007
FAA issues airworthiness directive for Reims F406
Undetected aileron bearing corrosion can cause failure, crash.
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1 March, 2007
Cerobear ceramic bearing retainers now PEEK
Proprietary thermoplastic provides 480F running and lubricity.
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28 February, 2007
SKF acquiring ABBA
Taiwanese acquisition backs Asian and linear markets.
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27 February, 2007
Pacamor Kubar launches live web chat support
Feature leverages array of online bearing reference materials.
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26 February, 2007
RBC reports third quarter 2007 results
Aerospace and industrial markets buoy sales and earnings.
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23 February, 2007
Keystone will shutter Columbus plant
Slumping North American auto industry claims another facility.
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22 February, 2007
SKF investing in flagship Gothenberg facilities
Two-year program to relieve capacity-constrained popular bearing production.
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21 February, 2007
Minebea reports third quarter 2007 results
Bearings and components continue to provide all income.
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20 February, 2007
Calico Coatings building new facility
Leading engine bearing coatings producer grows in North Carolina.
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19 February, 2007
Bearing failures prompt Dodge Ram recall
Timken greasing error hits 86,333 truck front hub units.
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16 February, 2007
SKF celebrates Centennial
Happy 100th birthday.
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15 February, 2007
Timken reports fiscal year 2006 results
Automotive drags, industrial bearings and steel remain strong.
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14 February, 2007
Timken reports fourth quarter 2006 results
Difficult quarter marked by recall, automotive drop, divestiture loss.
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13 February, 2007
SKF boosts investment in India again
Ramping value-added products & services may quintuple rate of investment.
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12 February, 2007
Russia details Chinese bearing import investigations
Dumping, counterfeiting, and identity masking are key topics.
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9 February, 2007
U.S. bearing industry CDSOA payouts for fiscal 2006 listed and detailed
Bearing manufacturers collect $128 million; Timken leads with $92.6 million.
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8 February, 2007
Brammer acquiring Fin S.A.
Becomes Poland's largest bearing distributor.
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7 February, 2007
EBC acquisition of Samara Aviation Bearing plant approved
Russia's largest bearing manufacturer formalizes key expansion.
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6 February, 2007
Rulmentul Brasov workers stage protest walkout
Romania's troubled state-run bearing manufacturer likely to close.
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5 February, 2007
China's bearing manufacturers face counterfeiting
Avoiding international smuggling, knockoffs turn local.
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2 February, 2007
SKF reports full-year 2006 results
Hits record sales and earnings despite weak automotive markets.
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1 February, 2007
SKF reports fourth quarter 2006 results
European auto and truck strength offsets North American declines.
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31 January, 2007
RBC closing Tyson Bearing in Glasgow
Second former SKF plant shuttered as market fades.
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30 January, 2007
China Aviation acquiring Harbin Bearing Group
State-run AVIC faulted for shutting out foreign investors.
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29 January, 2007
SKF reports record production in Brazil
Cajamar automotive bearing plant continues to run at capacity.
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26 January, 2007
Wartsila building bearing plant in China
Wuxi plant to service fast-growing shipbuilding industry.
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25 January, 2007
AIT President and COO Purser retiring
Transition will put Mondics at helm in 2008.
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24 January, 2007
Nylacast Components in leveraged buyout
Management acquires primary manufacturing division for $59 million.
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23 January, 2007
India will seek buyer for HMT Bearings
Focus shifts from finding strategic partner to outright buyer.
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22 January, 2007
FAA issues counterfeit bearing alert
Bell Helicopter tail rotor hangar bearings targeted.
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19 January, 2007
SKF downgraded on expected earnings weakness
U.S. economy spillover impacts European capital goods sector.
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18 January, 2007
Timken in $60 million small-bar steel expansion
Venture with Daido targets Japanese automakers in North America.
click here
17 January, 2007
NSK rebuts Peterlee shutdown rumors
Flagship facility's output and quality offset cost disadvantages.
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16 January, 2007
EBC lands DaimlerChrysler supplier approval
Russia's largest bearingmaker continues internationalization strategy.
click here
15 January, 2007
Court dismisses Pacamor-Kubar suit against AST Bearings
Claimed unfair competition and Lanham violations.
click here
12 January, 2007
Taiho Kogyo building engine bearing plant in China
Expansion and new plant includes small diesel engine bearings.
click here
11 January, 2007
SKF acquires Preventive Maintenance
Consolidation in fragmented maintenance systems sector continues.
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10 January, 2007
Sanyo will boost bearing steel output
Demand upswing continues for automotive-size seamless tube.
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9 January, 2007
Timken sells Latrobe Steel
Private equity pays $215 million; Timken continues refocusing assets.
click here
8 January, 2007
Schaeffler INA/FAG sets 2007 goals
German cost controls, plans for Asian growth continue to grab focus.
click here
5 January, 2007
NN acquires Whirlaway
Diversification move puts NN into high-precision metal components.
click here
4 January, 2007
RBC Bearings CEO dumps most holdings
56% selloff nets $1.6 million in five trading days.
click here
3 January, 2007
NRB approves Thai bearing plant study
Pursuing growth, considers first investment outside India.
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2 January, 2007
Sahney family divests more NRB Bearing holdings
Share price more than doubles since Timken sell-off in late 2005.
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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