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Russian Aerospace may be at risk due to poor quality of bearings… Russian Aerospace may be at risk due to poor quality of bearings…(0)

The last year for the Russian space was probably not the best. Despite massive injection into the sector budget and launch of 35 satellites into the orbit, financial fraud surfaced in a number of businesses fail from the satellite Express-MD2 and Telkom-3, degradation of the GLONASS satellite system and a number of other problems. Some […]

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Chinese bearing industry aims for world leadership Chinese bearing industry aims for world leadership(0)

At present the world bearing market is virtually divided among eight major multinational companies with a combined market share of 80%. Their main production facilities are located mainly in Germany, China, the U.S., Sweden and Japan. At the same time, many Chinese companies, stay in for only 10% of the world market, but at the […]

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RKB takes new important step in South African market RKB takes new important step in South African market(0)

Thanks to the efforts of its South African partner, Drivetec Maintenance & Engineering, the RKB Group has made a significant step in the African market, by being awarded with a 3-year contract with two important plants of ArcelorMittal for the supply of standard and technological bearings. Constant commitment to quality and service has led to […]

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SKF India – Board to consider Dividend SKF India – Board to consider Dividend(0)

SKF India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 21, 2013, inter alia, to consider the Audited Annual Financial Results for the Year ended December 31, 2012 and recommendation of Dividend, if any, for the Year ended December 31, 2012.   source: […]

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Timken India considers public issue/pvt placement Timken India considers public issue/pvt placement(0)

Timken India Ltd has said that its Board of Directors on January 14 had considered a public issue, private placement or a combination thereof, of up to 42,65,134 equity shares of the company. The decision of TIL appears to be to comply with the SEBI rule on minimum public shareholding of 25 per cent in […]

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Schaeffler Trading Shanghai receives Best Quality Award Schaeffler Trading Shanghai receives Best Quality Award(0)

Schaeffler Trading (Shanghai) Co., Ltd., a subsidiary company of Schaeffler Greater China, received the 2012 Best Quality Award from the Changan Ford Mazda Automobile Co., Ltd. n December 2012. This is another acknowledgement by Changan Ford of Schaeffler’s high product quality after Schaeffler also received the Q1 award from Changan Ford Mazda. Schaeffler is the […]

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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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Integrated machine tool park planned near Tumkur Integrated machine tool park planned near Tumkur(0)

India’s first integrated machine tool industry park ( IMTP) is set to come up near Bangalore. The Indian Machine Tool Manufacturers’ Association (IMTMA), an apex body of machine tool makers, had conceived the idea of setting up the park and has chalked out a blue print for its execution. The IMTMA has entrusted the task […]

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Nigeria enforces new requirement for steel production Nigeria enforces new requirement for steel production(0)

To aid standardisation of steel products in the country, the Standards Organisation of Nigeria (SON) has said that all new and existing steel companies must produce their products to meet the minimum requirements, using optical emission spectrometer. The Director-General, SON, Dr. Joseph Odumodu said his administration specifically paid particular interest in the steel sub-sector to […]

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South Korea fines steel firms for price-fixing South Korea fines steel firms for price-fixing(0)

South Korea’s antitrust regulator on Sunday levied 291.7 billion won ($272 million) in fines against Posco and six other steel companies for price fixing. The steel companies regularly had meetings to collude with each other on prices for cold-rolled steel, galvanized steel and color steel, the Fair Trade Commission said in a statement. The commission […]

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