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Kaman Announces Sale of Canadian Branches Kaman Announces Sale of Canadian Branches(0)

Kaman Industrial Technologies Corporation (KIT) announced that it has sold its seven Canadian branches to Wajax Industrial Components, a leading Canadian national industrial distributor. “We are pleased that we were able to find a good home for our Canadian employees with the Wajax organization. We were sub-scale in Canada with limited opportunities to grow through […]

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Timken Acquires Wazee Companies, LLC; Expands Industrial Service Offerings Timken Acquires Wazee Companies, LLC; Expands Industrial Service Offerings(0)

Denver-based business provides electrical and mechanical solutions The Timken Company (NYSE: TKR; www.timken.com) has announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction. The addition of Wazee to The […]

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Kaman Announces National Distributor Agreement with Schneider Kaman Announces National Distributor Agreement with Schneider(0)

Kaman Corporation(NYSE:KAMN) yesterday announced that its subsidiary, Kaman Industrial Technologies Corporation (KIT) has entered into a national distributor agreement with Schneider Electric, a global specialist in energy management. Effective immediately, KIT, a leading Power Transmission distributor in the United States, will become a distributor for Schneider Electric’s line of industrial automation and control products as […]

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C&U Americas has named William A. Childers as new president C&U Americas has named William A. Childers as new president(0)

C&U Americas, the North American subsidiary of The C&U Group, has named William (Bill) A. Childers as its new president. The announcement was made by XianLiang (Peter) Zhou, chairman of C&U Americas, who noted that Childers brings a wealth of management experience and bearing market expertise to the C&U Americas team. Childers will be responsible […]

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RKB enhances its range of WOR bearings RKB enhances its range of WOR bearings(0)

The heavy construction industry uses a big variety of highly specialized vehicles, such as concrete mixer trucks, that operate in the most rugged and adverse conditions, yet still require low-friction operation. For this very reason, the RKB spherical roller bearings WOR series, with wider outer ring, are expressly developed and engineered to accommodate large angular […]

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Trans-Pacific Aerospace Company Expands Bearing Lines Trans-Pacific Aerospace Company Expands Bearing Lines(0)

Trans-Pacific Aerospace Company, Inc. (OTCBB: TPAC) announced that its China subsidiary has completed a series of bearings that will give it SAE Aerospace Standard 81934 qualification upon approval by the U.S. Navy. “These bearings were manufactured using the same techniques and procedures as the SAE-AS 81820 bearings that recently received verbal approval from NAVAIR,” said […]

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Timken Names David Haaksma Manager Of Aerospace Bearing Repair Timken Names David Haaksma Manager Of Aerospace Bearing Repair(0)

The Timken Company (NYSE: TKR; www.timken.com) yesterday announced the appointment of David Haaksma to the position of manager, aerospace bearing repair for the company’s Aerospace and Defense Business. In this role, Haaksma leads the global aerospace bearing repair business in driving growth, enhancing customer relationships and increasing the scope of the business. Haaksma joins Timken […]

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Minebea reduces the production of micro bearings for personal computers by 10% Minebea reduces the production of micro bearings for personal computers by 10%(0)

This week, Japanese media reported that the Japanese engineering concern Minebea plans to reduce by 10% the production of small-size bearings for computer equipment, including storage HDD, at its Thai plant. Long-term forecasts decline in PC sales worldwide by strengthening the position of tablet computers and smartphones, as well as sluggish demand in China and […]

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Kaydon bearing plant restructures its wind power business Kaydon bearing plant restructures its wind power business(0)

Kaydon Corporation – U.S. manufacturer of bearings for special purposes – this week announced a restructuring of the business of bearings for wind power in order to adapt production capacities to the current needs of the market, and in the expenditure part of the third reporting quarter will be recorded 47-52 million (excluding tax) . […]

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Schaeffler has sold 10% stake in Continental in exchange for reducing the debt burden Schaeffler has sold 10% stake in Continental in exchange for reducing the debt burden(0)

Schaeffler AG, manufacturer of bearings and auto parts from Germany, this week said it sold 10.4 percent of Continental AG shares for $ 1.6 billion to reduce debt after a failed capture tire manufacturer. Private Banks MM Warburg and Bankhaus Metzler got rid of the 20.8 million shares owned by Continental Schaeffler, which they kept […]

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