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Schaeffler establishes manufacturing location in Russia Schaeffler establishes manufacturing location in Russia(0)

The governor of the Ulyanovsk region in Russia, Sergej Morozov, and the general director of the development agency of the Ulyanovsk region, Dmitrij Ryabov, have signed an agreement about the construction of a Schaeffler plant in Ulyanovsk. The managing director of Schaeffler Manufacturing Rus, LLC, Mikhail Volkov, signed the agreement on behalf of Schaeffler. The […]

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Pakistan’s largest private steel plant ready for production Pakistan’s largest private steel plant ready for production(0)

Pakistan’s largest steel producing mill in the private sector, Tuwairqi Steel Mills Limited, is ready for commercial production in the first week of January 2013. It will cater not only steel needs of the country but also export value-added products to other countries. The setting up of the mega project would entice foreign investors in […]

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Indonesian trader makes public apology for selling counterfeit SKF bearings and housings Indonesian trader makes public apology for selling counterfeit SKF bearings and housings(0)

An Indonesian company, named PT Esta Raya Mandiri (ERM)/ Terminal Teknik headquartered in Jakarta was recently forced to publicly apologize to customers for selling counterfeit bearings. The apology, published in a major Indonesian newspaper, contains these words which clearly indicate the risks when purchasing or using counterfeit SKF products; “Counterfeit products usually fail to meet […]

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The Bearing Market will reach $ 96 billion turnover by 2016 The Bearing Market will reach $ 96 billion turnover by 2016(0)

Global demand for bearings  will grow by 7.8% per year and will reach $ 96 billion in 2016, as analysts say at the famous American consultancy Freedonia Group.  According to them, the sales of non-embedded (single), ball and roller bearings have three-quarters of total sales or more than $ 71 billion in the same time. […]

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Existing bearing plants of the CIS Existing bearing plants of the CIS(0)

In the early 90’s after the collapse of the Soviet Union to its former territory there were 34 bearing plant (state bearing plants, GPZ), a considerable part of them settled in the territory of modern Russia and Ukraine. However, due to lower orders in the 90’s, and the invasion of cheap bearings from China in […]

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Demand for bearings in China domestic market falls Demand for bearings in China domestic market falls(0)

This week CBIA (China Bearing Industry Association) released the results of the bearing industry in China in the first half of 2012. These data show that, due to falling demand growth slowing corporate profits, and inventory levels increased significantly. In the 1st half of this year, China’s bearing industry, analysts say, hesitated at the bottom. […]

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NTN plans to reduce its staff in Japan by 10% NTN plans to reduce its staff in Japan by 10%(0)

NTN Corporation, one of Japan’s largest bearing manufacturers, said it plans to reduce the staff at its Japanese plants. The main reasons that prompted the company to take this step, called poor performance in automotive, bad price levels and “strong” yen. In Japan, NTN Corporation has 23 manufacturing plants, including the largest plants: – For […]

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From January to August 2012 in China produced more than 1 trillion pcs of bearings From January to August 2012 in China produced more than 1 trillion pcs of bearings(0)

China continues to publish statistics on the production of bearings. In late October, the statistics on the volume of production in the regions over the first eight months of 2012 are released. According to the national bearing manufacturers statistics, from January to August released a total of 1 121 780 670 000 bearing kits. In […]

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URB Group to invest $65 million to set up plant in India URB Group to invest $65 million to set up plant in India(0)

European bearings maker URB Group yesterday said it will invest $65 million to set up a manufacturing facility in India with an initial installed capacity of 1,000 tonne a year. “The Indian market is huge and has immense potential. After establishing our presence, now we are going to set up an assembly unit at an […]

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Chinese exports bearings for $ 1.8 billion in the first half of 2012 Chinese exports bearings for $ 1.8 billion in the first half of 2012(0)

Despite a new round of financial crisis and austerity worldwide, bearings from China continue to maintain popularity with consumers, as evidenced by a rather impressive amount of exports of Chinese bearing products. The volume of exports of Chinese bearings on 10 major markets in the world in the first half 2012 According to published last […]

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