Manufacturers News Archive

NN, Inc. Completes Acquisition of Autocam

NN, Inc. (Nasdaq: NNBR) today announced that it has completed its previously announced acquisition of Autocam Corporation for approximately $245.2 million in cash, $29.8 million in assumed debt and $25 million in stock.  Autocam is a global leader in the engineering, manufacture and assembly of highly complex,...

RBC Bearings Sales Up

Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, CT, reported sales for fiscal 2015 of $445.3 million, up 6.3 percent year-over-year. Profit decreased 3.3 percent to $58.2 million. For the fourth quarter, sales were $113.4 million, a decrease of 0.3 percent from the previous year. Profit for the quarter...

Schaeffler drives development in Formula e

On its visit to Berlin, Formula E is turning onto the finish straight in its inaugural season. While the motorsports fans are watching the drivers’ battle for the title with bated breath, Schaeffler is already working on the future of the world’s first racing series for fully...

Schaeffler off to a successful start in 2015

Global automotive and industrial supplier Schaeffler has had a good start to its 2015 business year. In terms of both revenue and EBIT (earnings before interest and taxes), the company continued along its growth path in the 1st quarter of 2015. “We started the new year off...

Timken : Patent Issued for Unified Rolling and Bending Process for Roller Bearing Cages

The Timken Company (North Canton, OH) has been issued patent number 9021706, according to news reporting originating out of Alexandria, Virginia, by VerticalNews editors. The patent’s inventors are He, Ming (North Canton, OH); Simmons, Michael D. (Canton, OH). This patent was filed on January 28, 2011 and...

Schaeffler targets 20% of global revenue from aftermarket by 2020

Schaeffler AG, the large German auto component manufacturer aims to increase revenue contribution from aftermarket business to 20% of the total sales globally by 2020, according to a top executive at the company. Schaeffler, who makes engine, transmission and chassis parts, currently earns around 15% of total...

Timken Awards Scholarships Valued at $540,000 to 17 Children of Employees Around the World

The Timken Company awarded scholarships to 17 sons and daughters of Timken associates in 11 locations around the world, on  March 16 2015. The Timken Company Charitable and Educational Fund, Inc. funds the scholarships, with a total value of up to $540,000 over four years. The program...

Timken Expands Aerospace Bearing Repair Facility with Compressor Case Overhaul Services

The Timken Company received FAA-approval to integrate its compressor case overhaul operation in to its state-of-the-art Los Alamitos, Calif., aerospace repair facility on the 17th February 2015. The facility has been in operation for more than 55 years and has allowed Timken to apply its industry-leading knowledge...

Don’t Stretch Your Global Supply Chain Past the Breaking Point

The classic definition of an optimist has been somebody who sees a glass as being half-full rather than half-empty, but based on the results of two recent studies, an optimist today might be somebody who is grateful that he has a glass at all. Current research indicates...

Manufacturing activity picks up pace

According to the latest research, the manufacturing sector has picked up pace in February. Output is expected to grow at an even faster rate over the next three months.