Industry News Archive

Selecting The Right Grease For Rolling Bearings – HUB

Often overlooked by design and maintenance engineers, selecting the most suitable grease for a rolling bearing can prevent premature bearing failure, while also ensuring high reliability and optimum operating life, says Dr Steve Lacey, engineering manager at Schaeffler UK. Selecting the correct lubricant is a critical factor...

NN, Inc. Reports First Quarter 2015 Results

First Quarter 2015 Results Net sales for the first quarter of 2015 increased $61.2 million, or 60%, to $163.7 million, compared to $102.5 million for the first quarter of 2014. Excluding acquisitions that occurred after the first quarter of 2014 and currency effects, the Company had sales...

TimkenSteel fights to control costs

The downturn in oil and gas drilling has TimkenSteel Corp. relying on layoffs to help reduce costs. The company has cut the workforce at the Faircrest and Harrison steel mills, and a special services center in Houston. Layoffs account for about 80 percent of $25 million in...

China’s Currency Moves Could Send Oil Prices Down Even Further

Just when it seemed like oil prices might be finding an organic floor, there’s yet another geopolitical reason to think they might dip even lower. This time, oil traders are blaming the heavy-handed currency manipulations of the Chinese government. Responding to an alarming 8.3 percent drop in...

Ohio Transmission Corp. Acquires Buckeye Pumps

Ohio Transmission Corporation announced on Friday the acquisition of Galion, OH-based Buckeye Pumps, Inc. Buckeye Pumps provides engineered process system and pump solutions for customers in industrial and municipal markets. Buckeye Pumps will operate as a division of OTP Industrial Solutions, which provides solutions for industrial motion...

First Quarter Sales Increase for Power Transmission/Motion Control Distributors and Manufacturers

The inaugural quarterly Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) shows power transmission/motion control (PT/MC) distributor sales were up 6.1 percent in the first quarter of 2015 compared to the same period in 2014. PT/MC manufacturer sales rose 7.8 percent...

The UK is scrapping one of its most successful renewable energy subsidies

In the year 2000, some European countries were already pioneering the big build of one renewable energy technology, onshore wind. The UK wasn’t one of them. Instead, German, Danish, and Spanish turbines accounted for 85% of the wind energy (pdf) produced in the EU, supported by national...

TimkenSteel opens new $5 million technology center

TimkenSteel recently opened a $5 million technology center at its Northeast Ohio corporate campus. “The new TimkenSteel Technology Center, along with the talent across our entire team, enhances our ability to develop the SBQ steel that our customers need to solve their toughest challenges,” Ray Fryan, vice...

Thordon Bearings’ COMPAC to keep seaside clean

MSC Cruises has specified Thordon Bearings’ COMPAC water-lubricated propeller shaft system for the first of two (plus option) Seaside-class cruise ships currently under construction at Fincantieri’s Monfalcone yard. The 154,000grt twin-screw vessel, the largest cruise ship ever to be built by the Italian yard, will be equipped...

Researchers Discover Root Cause of Smearing Damage in Turbine Gearbox Bearings

Recent research conducted by the Timken Company has shed light on the root cause of smearing damage to turbine gearbox bearings. It’s known that lightly-loaded high-speed shaft bearings in turbine gearboxes sometimes experience smearing damage in bands across various surface areas. Later, in the bearing’s service life,...