Industry News Archive

Why the oil price is falling

After five years of stability, oil prices have dropped 40% from $115 a barrel in June to below $70 a barrel now. In November the Organisation of Petroleum Exporting Countries, which controls nearly 40% of the world market, met in Vienna and failed to reach an agreement...

South Korea tackles corporate collusion

South Korean President Park Geun-hye has made corporate regulation a priority in her administration. And the commitment to tackle collusion came on 17 November when the Korea Fair Trade Commission (KFTC) said that it found nine Japanese and German bearing manufacturers operated a cartel to collude on...

PTDA Foundation Sets Fundraising Record in 2014 to Build Awareness of Industrial Distribution Careers

Industry support for the PTDA Foundation’s signature project, the Industrial Careers Pathway® (ICP), reached record heights in 2014, surpassing all expectations with a final total of nearly $310,000. This was more than 50 percent higher than the funds raised in 2013, demonstrating an increasing commitment from the...

Registration Now Open for PTDA 2015 Leadership Development Conference

Chicago, Ill.—December 12, 2014—The Power Transmission Distributors Association (PTDA) is now taking registrations for the 2015 Leadership Development Conference to be held on March 18-20, 2015 at the Westin La Paloma in Tucson, Ariz. PTDA members continuously seek ways to bring their future management team up-to-speed so...

Freudenberg-NOK forms new ARPM seals committee

Freudenberg-NOK is the largest seals and gasket company to join the ARPM, a trade association dedicated to the advancement of rubber products manufacturing. Boutique testing and outdated or non-existent material protocols are likely to be some of the industry challenges the committee will tackle in the future. 

Global Belt Drive market 2014-2018

Analysts have forecasted the Global Belt Drive market to grow at a compound annual growth rate of 3.95% between 2013 and 2018. In the report, Americas, APAC and EMEA regions are analysed, one of the key trends found in the market is the ‘Emergence of Smart Electric...

Stafford Wrench Collar leaves no teeth marks

Stafford Manufacturing Corp have introduced a new line of smooth bore, two piece collars that feature wrenching flats and fit on six popular pipe sizes to make installation and removing easy.

Plastic or Metal bearings?

Would you believe us if we told you that plastic bearings can in fact outperform metal ones? Well you should! A lot of engineers hesitate when it comes to using plastic bearings in their applications. Plastic bearings have replaced many metal ones in a lot of different...

Looking to the developing world for growth in the bearings market

It is predicted that sales of bearings and couplings is going to reach $26.7 billion by 2018 from $22 billion in 2013. This is being driven by industrial development in high-growth regions of the world, a report from Frost and Sullivan says that this push from developing companies...

Sudbury Derailment Cause Revealed

On the 2nd of June 2013 a Canadian Pacific Railway freight train derailed near Sudbury, with five of its cars falling into the Wahnapitae River.