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Industry News Archive

Being independent, reactive and adaptive meant that each business could implement all changes quickly and effectively

BearingNet caught up with Jamie March, Managing Director of IADA to see how they have reacted to the pandemic and to find out the biggest challenges faced. IADA (Independent Authorised Distributor Alliance) was formed in 1998, by a small group of authorised independent distributors of bearings and...

Kaman Announces CFO Transition

Kaman Corporation announced the appointment of James Coogan as Senior Vice President and Chief Financial Officer, effective immediately. Coogan, who served as the Vice President, Investor Relations and Corporate Development of Kaman, will succeed Robert Starr. Starr will continue to be employed by the Company through July 31,...

BMG provides critical engineering support during the COVID-19 pandemic

BMG works closely with the food and beverage sectors to raise hygiene standards throughout the food and logistics chain, to ensure safe and efficient food and beverage production and handling during the COVID-19 pandemic. BMG – one of South Africa’s leading engineering solutions specialists – has been...

Axel Johnson International expands globally within the lifting segment through the acquisition of five Australian companies

Axel Johnson International’s Lifting Solutions business group is for the first time venturing outside of Europe through an acquisition of five lifting companies in Australia – The Rigging Shed, Lifting Victoria, Elevate Lifting & Rigging, Schillings Hoisting Equipment and On Call Lifting, effective August 31. The companies...

AD member sales up a record 30% in first six months of 2021

AD is reporting member sales in the first six months of 2021 were $28.1 billion, an increase of 30% across its 13 divisions and three countries. Same-store sales were up 17%. Purchases by member companies from AD supplier partners were up 34%. Net distributions to its members...

Mineral Circles Bearings champions a culture of resilience & inclusivity amidst COVID-19 adversity

The onset of the COVID-19 pandemic has significantly impacted major business value chains across different sectors, creating unemployment for professionals. The year 2020 had drastically changed the working system for the majority of organisations worldwide. The International Labour Organisation revealed that the unprecedented business closures resulted in...

25th year anniversary messages from our members!

We would like to say a massive thank you to everyone who has wished BearingNet congratulations for our 25th year anniversary. In this article we wanted to highlight some of the messages that we have received over the past month, we would not be here without our...

Schaeffler strengthens service business in the Industrial division

Acquisition expands Schaeffler’s range of rolling bearing mounting and dismounting products 100 percent shareholding acquired by share purchase agreement signed on July 28, 2021 A key step in the expansion of Schaeffler’s service business under its “Roadmap 2025” strategy Schaeffler has acquired BEGA International B.V. (Bega), a...

Carter announces further global expansion with the opening of a new European logistics hub

Carter is excited to announce the opening of their new European logistics hub. This location will support their European customers by supplying their products directly within the European Union. In addition, the new site will offer many benefits and opportunities for new and existing clients transporting their...

Preventing bearing failure caused by incorrect lubrication

Modern rolling element bearings are extremely reliable components in machinery and can outlast the equipment in which they are installed.  However, bearings do fail prematurely from time to time which is usually the result of a critical event, subsequently causing costly repairs and equipment downtime. Approximately 36%...