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300 new jobs created First section opened with an area of 25,000 square meters State-of-the-art plant supplies customers in Asia and around the world Schaeffler celebrated the opening of its new plant in Bien Hoa, Vietnam. The automotive and industrial supplier invested over 45 million euros in the construction of this new production plant. The […]

AESSEAL®, has had yet another successful year, posting an 8% rise in organic sales, with currency adjusted profit up by 17.4% in 2018 and increasing turnover by an impressive £10 million pounds. The Rotherham-based company designs and manufactures mechanical seals and seal support systems for a wide range of global industries including oil and gas, […]

  After having extended its capabilities last year with the opening of his new Shanghai’s facility, bearing specialist ZEN makes a big step towards international distribution. Starting from now, customers from all over the world will benefit shorter delivery times and more competitive prices, as direct shipment from China to all countries is now possible. […]

    Fersa Group has local facilities in Austria, Brazil, China, Spain and USA and state-of-the-art manufacturing centers in Austria, China and Spain. Their extensive network of distribution centers allow us to provide a quick service globally. This way they can deliver on time to all our OEM, Tier-1 and more than 600 distributors all […]

  Acorn Industrial Services Ltd has increased its range of Timken products by investing in a large stockholding of Timken Type E tapered roller bearing housed units. The new range will enable customers to slash their downtime by receiving and fitting the units to their machinery the same day. Timken Type E housed units are […]

XTRONIC is a long-established development partner for electronics and software solutions in the automotive industry The company developed the “Space Drive” drive-by-wire technology in partnership with Paravan XTRONIC will be integrated into the Schaeffler Group as a separate German private limited company (GmbH) Continued focus on relationships with OEMs and suppliers Acquisition opens up new […]

  Have a look into production plant in Peterlee – UK where the world’s most desired wheel hub units are produced. The post NSK HUB Bearings – Virtual Plant Tour appeared first on BEARING NEWS.

  APPLICATIONS Automotive – Transmissions, king pin, truck brake caliper. Industrial – Agricultural machinery, earth-movers, textile machinery, pneumatic equipment, mechanical handling and lifting equipment, hydraulic cylinders, offhighway equipment, and many more. CHARACTERISTICS Lead-free Machinable Design freedom – customizable to meet specific indentation and shape needs Capable of supporting high specific loads and high temperatures Excellent fatigue strength […]

Dividend payout of 55 cents per common non-voting share High level of interest among 730 participants Board of Managing Directors explains transformation of the Schaeffler Group Scheduled election of shareholder representative in the Supervisory Board The annual general meeting of Schaeffler AG generated a high level of interest. Around 730 shareholders traveled to Nuremberg to […]

  Posted sales of $980 million, up 11 percent from last year Delivered strong earnings per diluted share of $1.19 on a GAAP basis, with record adjusted earnings per diluted share of $1.35 Generated seasonally strong cash from operations of $52 million and free cash flow of $36 million Raises earnings outlook; now expects 2019 […]