Manufacturers News Archives - Page 40 of 43 - BearingNet News

Category: Manufacturers News

Germany’s Schaeffler to cut 500 jobs at industrial unit

Germany’s Schaeffler to cut 500 jobs at industrial unit

Germany’s Schaeffler AG said it would cut up to 500 jobs at its industrial division to trim costs and revive earnings after the unit’s first-half profit and sales, excluding currency effects, declined. Most of the job cuts at Schaeffler’s industrial operations will be in Germany and Europe through the end of 2017, the company said on Thursday, adding it would […]

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FAG Aerospace breaks four-million speed parameter barrier for engine bearings

FAG Aerospace breaks four-million speed parameter barrier for engine bearings

FAG Aerospace, a member of the Schaeffler Group, has developed a new aircraft engine ball bearing that redefines the performance limits for high-speed bearing supports in main shafts. As part of the collaborative project “Effective Oil System,” conducted under the Aviation Research Program (LuFo) funded by the Federal Ministry for Economic Affairs and Energy, FAG Aerospace has broken new ground […]

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Schaeffler raid four Mumbai offices dealing in fake products

Schaeffler raid four Mumbai offices dealing in fake products

German auto component manufacturer Schaeffler recently conducted raids at four Mumbai companies, dealing in counterfeit FAG rolling bearings. At these production, packaging and trading firms, police have confiscated 37,000 counterfeit FAG packaging units and labels, 530 counterfeit FAG rolling bearings and 250 FAG master copies as well as various grinding machines and packaging machines. The proprietors have been arrested, and […]

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Introducing DUNLOP Sprockets & Roller Chain.

Introducing DUNLOP Sprockets & Roller Chain.

Roller chain is the most common form of power transmission. Consisting of short cylindrical rollers joined together by side links. It interlinks with the sprocket teeth and rotation between the two creates reliable and efficient power transmission. With this in mind you want to make sure that both quality to the highest spec and value for money are at the forefront. DUNLOP products […]

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NN, Inc. Completes Acquisition of Autocam

NN, Inc. Completes Acquisition of Autocam

NN, Inc. (Nasdaq: NNBR) today announced that it has completed its previously announced acquisition of Autocam Corporation for approximately $245.2 million in cash, $29.8 million in assumed debt and $25 million in stock.  Autocam is a global leader in the engineering, manufacture and assembly of highly complex, system critical components for fuel systems, engines and transmission, power steering and electric […]

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RBC Bearings Sales Up

RBC Bearings Sales Up

Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, CT, reported sales for fiscal 2015 of $445.3 million, up 6.3 percent year-over-year. Profit decreased 3.3 percent to $58.2 million. For the fourth quarter, sales were $113.4 million, a decrease of 0.3 percent from the previous year. Profit for the quarter decreased 18 percent to $14.9 million. he fourth-quarter decrease was attributed to a […]

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