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Industry News Archive

Resurgence in Heavy Machinery Manufacturing to Drive Demand for Bearings

According to the new report by Global Industry Analaysts, Inc. there will be an increase in the demand of bearings due to the resurgence in heavy machinery manufacturing. The bearing market is a mature one due to their widespread use in so many industries such as aerospace,...

Continental Budgets $2.4 Billion for Non-Auto Purchases

In order to reduce its dependence on the car industry, Europe’s second largest maker of vehicle parts, Continental AG (CON) is budgeting 2 billion euros for acquisitions. “We want our non-automotive businesses to grow faster than the rest of the company, to do that we need to...

BREAKING NEWS: Massive QE programme for eurozone

The European Central Bank (ECB) has announced it will inject billions of euros into the ailing eurozone economy. The ECB will purchase bonds worth €60bn per month until the end of September 2016 – far more than previously expected. The ECB has also said eurozone interest rates...

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.