The history of Schaeffler at the Luckenwalde site began 35 years ago. This was remembered yesterday (from left to right): Jens Fiedler, Plant Manager; Klaus Cierocki, management of the engine systems division; Georg F. W. Schaeffler, family shareholder and Chairman of the Supervisory Board of Schaeffler AG; Christian Shepherd, Parliamenta…
SKF has, as one of the first industrial companies, issued a green bond. The bond will raise EUR 300 million to fund eligible green projects in accordance with SKF’s recently launched Green Finance Framework. SKF’s green bond has received much attention from investors and it was oversubscribed four times. The
Amsted Seals and Forming has acquired Clark Seals Ningbo, to be renamed Amsted Seals Ningbo (ASN). The IATF-certified seal production facility, built in 2012, incorporates the latest in manufacturing, testing, and quality control systems to supply oil, grease, and bearing seals to customers in Asia and the wider g
NORD Gear Corporation recently announced the release of two products that enable convenient dashboard-based visualization to aid in the diagnosis, parameterization, and monitoring of NORD drive systems from a smartphone or other Bluetooth-enabled device. The new NORDCON APP and NORDAC ACCESS BT—a mobile app
BMW's new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings. BMW's new chief executive delivered a 33% third-quarter operating profit ris
"For our company at the global-level, we have quite a few cars lined up and by 2022 we will have 10 pure electric vehicles on the global scale", said Schwenk. German luxury car-maker Mercedes-Benz India was taking a careful approach on the launch of electric vehicles in the country as the
The court said it is ought to be kept in mind that these types of facilities/amenities cannot be developed/introduced overnight by the authorities at a particular place and some time is bound to be consumed by them. The Delhi High Court has directed the NHAI and HSIIDC to ensure basic amenities, incl
ABB Ability Smart Sensors provide wireless condition monitoring for Dodge gear reducers delivering information that can prevent unexpected downtime and extend equipment life. The ABB Ability Digital Powertrain concept has now been extended to cover Dodge gear reducers fitted with the smart sensor for mechani
The companies last week unveiled plans to create a $50 billion (£39 billion) group that would leapfrog Hyundai, General Motors, Ford and Honda to become the world's No.4 automaker, based on their combined 8.7 million vehicles sold last year. Fiat Chrysler and Peugeot owner PSA's pledg
The study puts the trade diversion effects of the US-China tariff war for the first half of 2019 at about $21 billion, implying that the amount of net trade losses corresponds to about $14 billion. United Nations: India gained about $755 million in additional exports, mainly of chemicals, metals and ore, to
Company's revenue from operations however dipped by 2.4 per cent at Rs 747.2 crore during the period under review as compared to Rs 766 crore in the same period a year ago. New Delhi Auto component maker SKF India on Tuesday reported a marginal 0.4 per cent growth in its profit at Rs 84.6 crore for the qua
EXAIR 2.5-inch and 3″ high temperature line vac conveyors convert hose, tube, or pipe into a powerful inline conveying system for high temperature materials up to 482ºC (900ºF). They are available with smooth ends, to fit into hose or tube and secured with a hose clamp or are available with NPT threaded ends, to mount onto th
The Canadian Tooling and Machining Association (CTMA) recently held a series of breakfast seminars entitled Doing Business in an Uncertain, Threatening, Tariffied World, presented by Stephen Tapp, Deputy Chief Economist and Director of the Economic Research and Analysis Department, Export Development Canada.
FLIR Canada recently held its InfraCanada 2019 event at the Marriott Niagara Falls Fallsview in Niagara Falls, Ontario. The event hosted 60 people, and allowed infrared thermographers to learn and share skills. “InfraCanada in its 11th year, has got better each year and I believe the user-generated
Hard-wearing and low-maintenance sealed bearing units and a new distributor program will be unveiled by SKF at this year's Agritechnica. SKF is launching new additions to its Agri Hub range, on its stand (Hall 15, Stand 15F48) at Agritechnica. The bearing solution is designed to help customers with the d
