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SKF programme to improve efficiency, reduce cost and strengthen profitable growth SKF programme to improve efficiency, reduce cost and strengthen profitable growth(0)

The strategy and the long-term financial targets which were launched by the SKF Group in 2010 were based on initiatives for profitable growth and cost reductions in the business. Based on today’s more challenging business environment the SKF Group has decided to expand and accelerate the programme for cost reduction activities aiming at reducing its […]

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New collective agreement in ZKL New collective agreement in ZKL(0)

In the 11th week negotiations about a collective agreement for all companies of ZKL Group were concluded. In new collective agreements there is determined especially wages development for the year 2012 and legislative changes based on the new Labour Code which is in force from 1.1.2012. The employer together with the trade unions believe that […]

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Schaeffler is to offer Customized start-stop solutions for the North American vehicle market Schaeffler is to offer Customized start-stop solutions for the North American vehicle market(0)

Drawing on energy only when needed is one of the obvious approaches to optimizing drive trains equipped with internal combustion engines. Accordingly, engine start-stop (ESS) systems are on the brink of implementation across a range of modern vehicles being produced for all of the world’s key markets. The increasingly stringent Corporate Average Fuel Economy (CAFE) […]

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NTN Announces New Plant for Large Bore Industrial Bearing Production NTN Announces New Plant for Large Bore Industrial Bearing Production(0)

NTN Corporation will construct a new plant in the Shika-machi region of Ishikawa Prefecture to increase production capacity of high-precision forged products for large bearings and industrial machinery.  NTN has been expanding business in growing markets, and also focusing on the industrial machinery business in various countries, in line with its ongoing three-year rapid growth […]

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Cooper Reduces Lead Times for Made-to-Order Bearings Cooper Reduces Lead Times for Made-to-Order Bearings(0)

Cooper Roller Bearings, a unit of Kaydon Corporation, is reducing delivery times for its large, made-to-order split roller bearings, thanks to a significant investment in manufacturing capacity that allows it to handle all production steps in-house. Eliminating reliance on outside machining sources also gives the company more control over quality. “Our lead times for large, […]

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NSK Announces Plans to Establish a Manufacturing Subsidiary in Mexico NSK Announces Plans to Establish a Manufacturing Subsidiary in Mexico(0)

Tokyo, Japan, January 10, 2013 – NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Norio Otsuka) announced today that the company would establish a manufacturing subsidiary in Mexico, as outlined below. 1. Objective of establishing the manufacturing subsidiary NSK has decided to establish a manufacturing subsidiary in Mexico in order to better deal with […]

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SKF Group to acquire Blohm + Voss Industries GmbH SKF Group to acquire Blohm + Voss Industries GmbH(0)

SKF announced they have signed an agreement to acquire German-based ship components provider Blohm + Voss Industries (BVI) from Star Capital Partners. SKF will pay 80 MEUR for 100% of the equity of BVI and assumes net loans/cash of 18 MEUR. The transaction is subject to relevant regulatory approvals. The acquisition is in line with […]

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Timken Names General Manager of Ethics and Compliance Timken Names General Manager of Ethics and Compliance(0)

The Timken Company, a technology company, has promoted Michele Abraham as general manager for ethics and compliance. In her new role, she leads the design, implementation and oversight of the company’s global ethics and compliance program. Abraham joined Timken in 2008 as a corporate attorney, after working in both private practice and the banking industry […]

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Maria-Elisabeth Schaeffler named Family Business Woman of the Year Maria-Elisabeth Schaeffler named Family Business Woman of the Year(0)

* Federal Minister of Economics and Technology Philipp Rösler praises Maria-Elisabeth Schaeffler for “her hands-on approach, visionary thinking and outstanding entrepreneurial spirit” * Schaeffler Group applauded for its “responsible economic practices and active engagement in business culture” * Maria-Elisabeth Schaeffler: “I dedicate this prize to our 76,000 employees to express my gratitude for their hard […]

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£4m investment helps UK bearings-maker to expand £4m investment helps UK bearings-maker to expand(0)

Cooper Roller Bearings, based in Norfolk in the UK, has received a ?4m investment from its parent, Kaydon Corporation, to expand its production of split roller bearings (SRBs). The investment will help Cooper – which claims to have invented the SRB – to produce larger bearings that handle higher levels of thrust, as well as […]

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