Subscribe to RSS
UnitedStates Germany Russia India Turkey SouthAfrica England Netherlands Philippines Belgium Australia Brazil Spain China Kore

Kaydon bearing plant restructures its wind power business

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) . This restructuring is a response to current and expected situation in the market of wind energy and defense zakaza1). It will bring the production capacity and the number of staff in line with new requirements to reduce costs, increase profits and creating resources for future reinvestment.

Kaydon -wind power

Kaydon bearing plants in the U.S., most of them are in the East Coast ( South Carolina), where precision bearings are available for civil and military equipment, including wind energy turbines.

James O’Leary, Chairman and CEO, explained the move negative situation on the market:

“While we believe that wind power is viable market in the long run, it will be challenging the long regulatory uncertainty in the U.S., including the upcoming expiration of the production tax kredita2), and a weak global economy in the near future. Accordingly, we will maintain the capacity to service existing and potential customers, and we believe it is appropriate to reduce the capacity for wind energy at the moment. Since in 2006 Kaydon announced expansion of production capacity for wind power, he has achieved a leading position in the global market, which recognizes and its brand, and its technical features. However, the global financial crisis, severe cost savings throughout the world, as well as new methods of shale gas production have combined to reduce and current perspectives, and expectations in the long term growth of this market, especially in North America … “

Furthermore, Kaydon announced the consolidation of production facilities in Sumter city (pcs. South Carolina) – carry the production of one of the three plants, previously focused on production for wind energy and military equipment to neighboring areas of the company. Closure of the company and moving production will begin this year and is expected to be completed in 2013

Notation

1)      In September 2012, the White House warned the U.S. Congress on sequestration defense budget due to lack of coordination of national budget revenues and expenditures, which could adversely affect the country’s economy. Automatic budget cuts may begin January 2, 2013. The defense budget of the United States in the next decade could “lose weight” by nearly $ 500 billion because of the defense contractors could lose a significant part of the revenue that will push them to the closure of several million jobs.

2)      The production tax credit (Production Tax Credit; PTC) was adopted as part of the Energy Policy Act of 1992 and is active in almost 7 years. Is one of the most important benefits for the U.S. renewable energy industry, as it allows keeping the price per kilowatt-hour at a competitive level compared to other energy sources.

Several times it has been extended. However, by the end of 2012, the U.S. Congress, apparently, does not extend this provision. What causes to lose jobs 37 thousand people, close plants, and private investors from investing billions in energy, built on renewable energy sources.

So, last month, Siemens AG announced that it will cut more than one-third of employment in the wind energy business, including 746 jobs at American manufacturing plants for wind energy turbines in Fort Madison (Iowa) and the city of Hutchinson (pcs. Kansas).

 

source: prompk

0 commentsback to post

banner

Add your comment

Nickname:
E-mail:
Website:
Comment:

*

Other articlesgo to homepage

QAV Air Bearing, 새 카달로그 출시

QAV Air Bearing, 새 카달로그 출시(0)

미국 에어베어링 제조의 선두주자인 OAV Air Bearing은 최근 에어베어링 신상품 카탈로그를 선보였다. 새 디자인은 에어 붓싱 에서부터 평면 직사각 에어베어링, 롤러 에어베어링, 쓰러스트 에어베어링 및 붓싱, 진공예압형 에어베어링, 에어베어링 어셈블리, 커스텀 에어베어링 및 에어베어링 부품까지를 포함한다. 사용자 친화적인 카탈로그 레이아웃은 사용자의 용이한 정보검색을 돕는 Carter Manufacturing 웹사이트의 정보를 반영한 것이다. 기존의 롤러 및 볼 베어링을

BearingStocks, 공급자와 수요자를 직접연결

BearingStocks, 공급자와 수요자를 직접연결(0)

설립된 지 18개월을 맞는 BearingStocks는 전 세계 베어링 제조업체들과 수요자들이 직접적으로 비즈니스를 수행할 수 있는 장을 열어줌으로써, 베어링 시장에서 그 입지를 굳히고 있다. 현재까지 약1000개 이상의 베어링 공급업체들이 BearingStocks에 등록하여 서로 간 비즈니스는 물론, BearingStockShop에 등록된 700개 이상의 업체들로부터 견적의뢰서를 받고 있다. 베어링 제조업체들은 BearingStocks를 통하여 구매업체들에게 견적서를 바로 보낼 수 있다. 특히, 라틴아메리카 및

Acorn, NSK and RHP Bearing과 판매권 계약체결

Acorn, NSK and RHP Bearing과 판매권 계약체결(0)

베어링, 파워트랜스미션 부품 및 리니어시스템 등을 공급하는 영국의 Acorn Industrial Services는 최근 NSK and RHP Bearings제품의 판매권을 획득했다고 발표했다. 이로 인해 Acorn은 점진적인 시장점유율 확대를 기대하고 있다. 세계적인 볼베어링 및 롤러베어링 제조업체인 NSK는 공급시장 확대를 위해 오랜 경험을 바탕으로 안정된 시스템과 구조를 갖춘 Acorn과의 파트너십을 체결했다. Acorn의 영업이사인 Des Spillings에 따르면, 이번 NSK와의 파트너십은 Acorn뿐만

CGB Precision Products will distribute OAV Air Bearing products in the Australian and New Zealand marketplace

CGB Precision Products will distribute OAV Air Bearing products in the Australian and New Zealand marketplace(0)

The  US Air Bearing manufacture OAV Air Bearings announced it has established an agreement with CGB Precision Products Pty Ltd. to distribute their air bearing products to the Australian and New Zealand industry! CBG Precision Bearing Products Pty Ltd offer a variety of specialist bearing products and support services to a wide variety of industry

ZKL launched Cylindrical Roller bearing PLC_412-63

ZKL launched Cylindrical Roller bearing PLC_412-63(0)

Employees of ZKL successfully finished development and production of a large dimensional cylindrical roller bearing PLC_412-63 for important foreign customer. For a better imagine, here are the basic parameters: Outer diameter: 900 mm Height: 210 mm Weight: 612 kg Finishing operations turning and grinding of components were made on modern machines, which were obtained with

더보기

문의사항

Social networks

자주찾는 카테고리

Legal Notice

© 2012 BEARING NEWS All rights reserved.