Industry News Archive

Purvis Industries acquires Ready Bearing Supply

Dallas, TX—Purvis Industries announced that effective Jan. 4, 2019, they have acquired substantially all the assets, brand rights, websites, personnel and intellectual property of Ready Bearing Supply located in Lubbock, TX. Ready Bearing has been serving customers in Texas, New Mexico, Arizona, Oklahoma, and Kansas since 1978. For...

Aetna Bearing Company completed an interstate move from Illinois to Michigan

Aetna Bearing Company recently completed an interstate move from Illinois to Michigan. Started as Schulz Bearing Company in 1916 in Chicago, the fledgling company occupied 7,500 square feet of floor space. A name change to Aetna Ball Bearing Manufacturing Company the next year marked the beginning of...

NKE Austria and Fersa Bearings: International expansion and investments

Steyr, Austria, January 2019. NKE Austria GmbH has been part of the Fersa Group for more than two years now. The corporate group was established through the merger of the Austrian bearing manufacturer with Spanish company Fersa Bearings S.A. Both companies are active in the development, production...

Porsche to introduce new all-electric sports car at end of 2019

Porsche will release its first all-electric sports car next year. The arrival of the new EV, the Taycan, is eagerly awaited even by Tesla owners. The Taycan is to come onto the market at the end of 2019.   CEO of Porsche, Klaus Zellmer said that if everyone who...

Polymer Bearing Market 2024: BNL, SKF, Igus Inc., Boston Gear LLC., Saint-Gobain, Oiles Corporation, KMS Bearings, Kashima Bearings – Press Release – Digital Journal

Phenolic bearings dominate polymer bearing market as they have replaced wood and metal bearings due to strength and shock resistance properties. Strong applications outlook in electrical switch-gear, rubber-shaft bearings and propeller in ships, water-turbine and rolling-mill bearings will drive product demand. Polymer Bearing Market size may grow...

Robotics boom creates components shortage

A global surge in robotics manufacturing has created a shortage of common industrial components required for other industries, according to suppliers. For example, the increased demand for bearings for use in robots has created significant delays in the supply of bearings for other industry sectors. Specialist bearings distributor, SMB...

What’s the Difference Between Ceramic and Hybrid Bearings?

Chris Johnson, managing director of precision bearing company SMB Bearings, explains the specifications, capabilities, and differences of full ceramic and hybrid bearings. Approximately 27,000 ceramic tiles cover the exterior of the NASA Space Shuttle—a reusable spacecraft that carries astronauts in a low orbit around Earth. Acting as...

Schaeffler donates 25,500 euros to charity project in South Africa

This year the Automotive Aftermarket division is donating a total of 25,500 euros to the Khayalethu Youth Centre in Port Elizabeth, South Africa “Education as a Chance” – the Christmas donation will make possible the construction of a new school building Project cares for street children and...

PTI Acquires IPTCI | P.T. International

Charlotte, NC October 26, 2018 – P.T. International (www.ptintl.com), a leading manufacturer of Industrial Bearing and Power Transmission components specializing in Metric and Imperial products based in Charlotte, NC, has completed an acquisition of IPTCI Bearings based in greater Minneapolis, MN. IPTCI (www.iptci.com) is a leading manufacturer...

Axel Johnson International enters Czech power transmission market

Axel Johnson International’s Industrial Solutions business group acquires a majority stake in Arkov, one of Czech Republic’s leading distributors of mechanical power transmission- and hydraulics products. The acquisition is in line with Industrial Solutions’ strategy of acquiring distributors with a strong market position and expertise in mechanical...