Bombardier Inc.’s new CEO comes on board as the debt-laden plane-and-train maker faces a new future as a pure-play producer of business jets, a cyclical industry bracing for a potential economic storm. The company on Wednesday named Eric Martel as its new president and chief executive, replacing Alain Bellemare effective April 6. Mart…
NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President & CEO: Toshihiro Uchiyama) has developed a new ultra-high-speed bearing ideal for electric vehicles, including battery electric, hybrid, and other new energy vehicles. The new bearing enables electric motors to operate at higher speeds, improving fuel economy (red
On March 17, 2020 AD held its first ever live virtual member meeting, welcoming over 250 member distributors in their Industrial & Safety – U.S. division to the event. The ‘AD Live’ virtual meeting was introduced the week prior after AD decided to shift their spring network meetings to virtual formats in order to mi
Boeing is painting a sobering picture for its business in 2020. The Chicago-based company said Wednesday it has imposed a hiring freeze in response to the virus outbreak that is undercutting air travel and threatening to kill airlines’ appetite for new planes. It said it received 18 orders last month for new large planes, but 46 order…
Dorel Industries Inc. says its suppliers based in China delayed re-opening following the Chinese New Year due to the COVID-19 outbreak, with production delayed by two weeks in most cases. It says the temporary lack of workers disrupted its supply chain for several weeks and, while most factories in the country are now back in operation and …
Motion Industries, Inc. has promoted Greg Cook to Executive Vice President and Chief Financial Officer of Motion Industries, effective April 1, 2020. Cook joined Motion Industries as senior vice president and CFO in November 2016 and quickly worked to improve the strategic effectiveness of the company’s finance, account
In order to achieve maximum efficiency in industrial drivetrains and processes, it is essential to have precise knowledge of the torque and its distribution. Schaeffler’s TorqueSense torque measurement module offers a mechatronic solution that allows applications and processes to be monitored and controlled with signifi
Canada’s oil and gas producers are continuing to cut billions of dollars from capital spending budgets and reduce payouts to investors in the wake of this week’s sharp plunge in oil prices. Calgary-based ARC Resources Ltd. said Friday it will chop its 2020 spending budget from $500 million to no more than $300 million and cut its mon…
For the third year running, NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Toshihiro Uchiyama) has been certified by the Ministry of Economy, Trade and Industry (METI) as a top Health and Productivity Management Organization in the large enterprise category: “White 500” (Whitelisted as a company that prioritize
As a result of the current spread of the Covid-19 virus, SKF is making the following changes to its Annual General Meeting on 26 March: The Annual General Meeting will start as planned at 13:00. The doors will be open from 12:15 and not 11:00 as previously announced. No food will be served <
B&R Industrial Automation has announced that Automation Distribution, Inc (“ADI”) will serve as its distribution channel partner for Eastern Pennsylvania, New Jersey (South) and Delaware. Hatfield, PA based ADI is an automation solutions provider specializing in motion control, pneumatics and robotics.
Tsubakimoto offers a full range of sprockets, all available from stock, for the European market. The line-up includes products manufactured from carbon steel (with induction hardened teeth) and stainless steel and features a huge range of standard products. Customers with specific requirements for their applications can utilize the compa
A company in Brazil that designs fitness training equipment that simulates the movements of a surfboard reduced costs by 70 percent and maintenance by switching to bearings manufactured by Igus, the Germany-based motion plastics specialist. Surf Evolution allows fitness enthusiasts to practice surfing movements without
Federal officials have grounded a charter operator that carried professional baseball and hockey teams, saying the company and its pilots weren’t authorized for the kind of commercial venture they operated. The Federal Aviation Administration said Wednesday that it issued an emergency order revoking the operating certificate of Paradigm A…
Teck Resources Ltd. is doubling down on its greenhouse gas emissions targets, announcing it will aim to reduce carbon intensity in its operations by 33 per cent over the next 10 years. The Vancouver-based mining firm says the goal is in addition to its commitment made in early February to be carbon neutral across all its operations and activ…
The Power Transmission Distributors Association (PTDA) released its most up-to-date 6th Edition of the Power Transmission Handbook and Workbook. The book encompasses almost 400 pages and is a reference for power transmission/motion control (PT/MC) fundamentals, written by industry experts. It offers chart
Members of the PEMAC Asset Management Association of Canada met in Toronto, Ontario, recently for their bi-annual face-to-face meeting. The meeting focused on advancing the goals for 2020/2024 Strategic Plan, reviewing a list of brainstormed initiatives provided by our staff and volunteer teams, prioritizing them,
