Uncategorized Archive

Schaeffler to expand Hungary roller bearing factory

Schaeffler Group is increasing its roller bearing capacity with a new manufacturing hall at its FAG Magyarorszag Ipari plant in Debrecen, Hungary. The laying of the foundation stone is planned for this year and the first products will be made in the second half of 2017. Production...

SKF India in association with BITS Pilani offers work integrated learning programs to selected employees

Pilani: SKF India associates with Birla Institute of Technology and Science (BITS) Pilani, to offer WILP (Work integrated learning programmes) to their employees. Today, the first batch of WILP candidates from SKFwas awarded the Master of Science (M.S.) Degree in Design Engineering by BITS Pilani. WILP offers...

Intelligent components for feed spindles

Precision bearing manufacturer Schaeffler has introduced its fifth generation of linear recirculating roller bearing and guideway assemblies. The RUE-E series now includes sensor units that provide both automatic relubrication and bearing condition monitoring. Where necessary, the sensors monitoring the condition of the lubricant send a message to...

Grainger To Close 55 Branches In 2016 As Q4 Sales & Profit Dip

Grainger  reported its 2015 fourth quarter and year end earnings on Tuesday for the period ending Dec. 31. The company posted Q4 sales of $2.48 billion, down 1.3 percent year-over-year, narrowly beating analysts’ expectations of $2.47 billion. Q3 sales were $2.53 billion. Meanwhile, Grainger’s profit of $145.2...

Merry Christmas!

The BearingNet Team would like to wish you all a very Merry Christmas and a Happy New Year!

Power Transmission/Motion Control (PT/MC) Industry Shows Slower Growth in 3Q2015 (PTDA Business Index)

Chicago, Ill.—November 20, 2015—The PTDA Business Index for 3Q2015 indicates continued slowing compared to the previous quarter with a reading of 37.7, down from 46.6 in 2Q2015. The PTDA Business Index reading fell behind the October 2015 PMI® Index of 50.1 for the second time this year....

Timken To Build New Bearing Plant In Romania

NORTH CANTON, Ohio, — The Timken Company, a global provider oftapered roller bearings, announced Thursday that it will construct a new bearing plant near Ploiesti, Romania. The facility, which will be the company’s second in Romania, will serve global demand for the company’s highly engineered Timken tapered...

Applied Industrial Technologies Reports Fiscal 2016 First Quarter Results and Declares Dividend

CLEVELAND, OHIO (October 28, 2015) – Applied Industrial Technologies (NYSE: AIT) today reported first quarter fiscal 2016 sales and earnings for the three months ended September 30, 2015. Net sales for the quarter were $641.9 million, a decrease of 8.6% compared with $702.3 million in the same quarter a year...

Acorn Secure Unique Deal

Acorn’s sales director Des Spillings is thrilled at a new deal struck with two of the world’s leading bearing manufacturers – NSK & RHP. The unique deal will see an additional Six Thousand Five Hundred different lines of genuine NSK & RHP products available for collection or despatch the same day from Acorn’s central distribution...

Power Transmission/Motion Control (PT/MC) Industry Shows Slower Growth in 2Q2015

Chicago, Ill.—August 21, 2015 —The PTDA Business Index for 2Q2015 indicates slowing compared to the previous quarter with a reading of 46.6, down from 67.7 in Q12015. This is the first time the Index, created in late 2010, has shown contraction in business activity, employment and inventories...