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20 December 2016

Numbers for New Year Historically Matter

Manufacturing of Ball & Roller Bearings is one of the oldest in modern engineering era, some say 'old technology' we say 'try doing without' - nevertheless on a lighter note, a distinct characterization with those who believe in the power of Numbers such as Numerology or perhaps similar belief to Astrology or those who watch for "Fairies at the Bottom of the Garden", but more to the point, impossible to produce bearings and components without a numbering system whatsoever

So this year BearingCode's Seasons Greetings are based on fact for the faithfully and skepticism for the wise & wonders

2016 adds up to number 9
meaning this year was the bearing year of tired endings

2017 adds up to number 1
meaning next year is the bearing year of new beginnings

Happy 2017 Year from Australian born ian@bearingcode.com heritage from England & Scotland now residing in SE Asia

We quote an important New Year message to all from the late Lee Kuan Yew, first Prime Minister of Singapore - In 2002 Mr Lee stated:

"People think we as a government select people on Academic qualifications, however we do only in part but select on Character"


16 September 1923 – 23 March 2015

Today, Singapore is now the Tiger Powerhouse of South East Asia with a global 'AAA' rating, built around this man having incredible character and foresight for achievement https://en.wikipedia.org/wiki/Lee_Kuan_Yew

10 December 2016

SKF Fake News Attract USA CHINA & INDIA Politicians

Senior US Democrats and Republican politicians hit out against Fake News "The epidemic of malicious fake news is a danger that must be addressed quickly" claimed US news media December 08, 2016

https://www.graphiq.com/vlp/card?type=card&app_id=10241&h=auto&id=1&card_id= 26652&context=NONE&show_sources=1&show_header=0&show_footer=0&subheader=0 &limit=1&utm_source=viz &utm_medium=viz.referral&utm_campaign=viz.ref& utm_viz_id=7uBqx3Jd1wp&utm_pubreferrer=www.aol.com%2Farticle%2Fnews 2016%2F12%2F08%2Fhillary-clinton-the-epidemic-of-malicious-fake-news-is-a-dan 21623756%2F#0-Poll-Level-of-Responsibility-for-Exposure-to-Fake-News

Also joining the chorus of Anti-Corruption the Chinese President XI and India's PM Modi in keeping upbeat from new political times with Mr President Elect Trump witnessed recent Fake Bearing News by SKF Global Industries Sweden alleged both Corrupt & Malicious

SKF Industries Group has a Fake bearing mentality, Firstly by inventing the Fake Bearing News in 2006 with 'Stopfakebearings' to deceive and manipulate the bearing public by gaining a price and sales advantage over non members: Many photos and stories of this corruption are archived awaiting legal proceedings and Class Actions worldwide while premiere auto-makers Peugeot and BMW have filed legal documents that could strangle funds from SKF bearings and every member of 'Stopfakebearings'

Secondly, SKF acting again in corporate crime from 25 years of Price-Fixing corruption together with other members of convicted 'Stopfakebearings', over US$3 Billion in penalties, 7 Jail sentences and Grand Jury indictments are recorded worldwide, However, SKF and Executives solder-on relentlessly with criminal activity

The latest press release by SKF Gothenburg, 6 December 2016 from Tina Astrom, Director, SKF Group Brand Protection is the same SKF Director involved with other corrupt false news from Kenya aimed to 'Fake-it Africa' for the above cause. Another SKF Director Theo Kjellberg, Press Relations should take notice that further Class Actions by Industry & Bearing Groups, names of Co-Respondants of Directors can be included


by business wire press Gothenburg Sweden 06.12.2016

Extract:

Claimed: SKF has participated in three simultaneous raids against retailers of counterfeit bearings in China. The raids, which were led by Chinese police, resulted in the seizure of counterfeit bearings which may otherwise have been sold to industrial customers and end-users.

Fake Bearing Story: http://news.cision.com/skf/r/skf-participates-in-raids-against-retailers-of-counterfeit-bearings,c2137350

For further information
PRESS: Theo Kjellberg, Director, Press Relations
tel: +46 31 337 6576, mobile: +46 725-776576, e-mail: theo.kjellberg@skf.com


Photographer: Theo Kjellberg, SKF

2 December 2016

SKF Industries Fraud Allegations for Fake News

Many bearing companies worldwide viewed last weeks news article re Fake News for false counterfeit bearings by SKF Sweden in Africa, for the 3rd time - with free media attention in alleged fraud by obtaining business under false & misleading Anti Trust violations

For more than 10 years, SKF Sweden has been involved in Fake News for Counterfeiting in EU & globally with false claims photos and stories that allows free press attention and subsequent lucrative revenue over a sustained period.

Companies and the general public who have Fake Bearing News or Grievances can now lodge a protest with the EU Commission or with BearingCode. Anti Fraud Laws carry heavy Fines and Jail

https://ec.europa.eu/anti-fraud/investigations/eu-revenue/illegal_trade_en

ALLEGED FRAUD BY SKF SWEDEN - BEARINGS WITH FALSE FAKE AND MISLEADING REPORTS

EUROPEAN ANTI-FRAUD OFFICE

OLAF to investigate illegal trade in counterfeit goods

The European Anti-Fraud Office (OLAF) has long been investigating the illegal trade in counterfeit cigarettes and tobacco products but its mandate also includes investigations related to other counterfeit goods that enter the EU through its external borders

https://ec.europa.eu/anti-fraud/investigations/eu-revenue/illegal_trade_en

The crimes related to the trade in counterfeit products, which generates vast illicit profits and huge losses of tax revenues due to the black market in fake products, has increased dramatically in recent years. They harm the European economy as they damage legitimate business and stifle innovation, putting many jobs at risk in Europe. More often than not counterfeiting poses serious risks to the environment and for health and safety

The Commission is already involved in developing policies and legislation to protect the legitimate trade as well as the consumer against the large-scale traffic of counterfeit. In principle, the competent authorities of the EU Member States are responsible for the enforcement of the anti-counterfeiting provisions.

However, in order to combat the problem more efficiently and to dismantle international fraud networks involved in the traffic of counterfeit and pirated goods at the external borders of the EU, OLAF is empowered to carry out administrative investigations in the EU in accordance with Regulation 515/97, which is referred to in the provisions in Art.36 of Regulation (EU) No 608/2013, concerning customs action against goods suspected of infringing IPR. (See also the implementation rules fixed in Regulation (EU) No 1352/2013).

In accordance with the customs mutual administrative assistance provisions concluded with third countries, OLAF may also participate upon request in investigations carried out in third countries in order to obtain all the necessary evidence.

Due to its internal procedures and the limited resources available, OLAF's investigative capacities are only allocated to significant cases with specific emphasis on counterfeit goods posing a risk for the environment or public health and safety.

OLAF's investigations into fraud related to counterfeit goods, which are carried out in close cooperation with the EU Member States, significantly and constructively contribute to the activities currently undertaken by other Commission services. In this area, the Office is also developing a partnership with the industrial sectors represented in the European Observatory on Infringements of IPR to better combat this fraud.

In this respect, if the representatives of the industry suspect IPR infringement with a potentially negative impact for EU public funds, whether EU revenue or expenditure, as well as for the environment and for health and safety, they should fill in and return the following form" for reporting allegation of IPR Infringement" to:

European Commission
European Anti-Fraud Office
Unit B.2. Counterfeit Goods
Rue Joseph II 30, B-1049 Brussels- Belgium
Fax : +32 2 299 81 07
E-mail: OLAF-ANTICOUNTERFEIT@ec.europa.eu

NB: The abovementioned procedure, which aims to assess the need for OLAF to conduct an investigation, is not intended to supersede the possibility for a right-holder to lodge in writing a "national application form" or a "Union application form" to the competent customs department in accordance with the provisions to in Articles 3 to 9 and 29 of Council Regulation (EU) No 608/2013. (See: http://ec.europa.eu/taxation_customs/customs/customs_controls/counterfeit_piracy/index_en.htm)

Report fraud

You will find here all relevant information and forms to report fraud to OLAF.

  • You can contact us anonymously.
  • You can communicate with OLAF in any of the 24 official EU languages.
  • Report fraud
25 November 2016

SKF Executives Kamikaze Style Corrupt Bearings

SKF Industries Sweden has launched another alleged corrupt 'Kamikaze style' fake news of counterfeit bearings throughout the African continent, in KENYA 16 October 2016 and again by same SKF Executives on 22 November 2016


SKF Executive Tina Astrom promotion snap captured by SKF Fake News photographer October 2016

SKF photo October 2016 Fake News of False Counterfeit bearings 'Kamikaze style' - SKF Photo November 2016 of Fake News 'Facebook style'

Concisely alleged - These SKF photos & articles of fake false misleading are subject to Prosecution and Class Actions eg. PSA Group, BMW

Alleged SKF Story by Kenya News agency relayed via networks through the African Continent 22 November 2016

Anti-Counterfeit Agency (ACA) officials have arrested two people in Eldoret Town found with several cartons of fake SKF-branded bearings worth Sh200,000.

The inspectors, accompanied by plainclothes policemen, stormed the Allied and Industrial Solution shop on Kenyatta Street following a tip-off from the public.

"We have received numerous complaints from customers who have been purchasing the bearings from this shop," said Tina Astrom, a director at SKF Group.

"OUR INVESTIGATIONS LATER REVEALED THAT THE OWNERS OF THE SHOP HAVE BEEN SELLING COUNTERFEIT ITEMS. WE REQUESTED OFFICERS FROM THE AGENCY TO COME IN AND ASSIST US," SHE ADDED.

According to Ms Astrom, the counterfeit products are sold to unsuspecting customers.

"A bearing is a very sensitive product. It is mounted in power plants, factories and cars. Everything that is rotating should have a bearing and if it fails it can have catastrophic consequences and can lead to injury," she added.

FAKES SOURCED FROM CHINA, INDIA

She singled out China and India as the main sources of the counterfeit products.

"Normally, we make 60-80 raids in China and about 20-30 raids in India each year.

"We work with authorities [to assist] them in raids and also in creating public awareness," said Ms Astrom.

ACA regional head Yusuf Osman said the two people arrested will be questioned to establish the source of the fake products.

He said the vice has denied the country tax revenue.

"Unscrupulous businesspeople have resorted to selling fake products at throwaway prices at the expense of genuine products that are quite expensive," explained Mr Yusuf.

CHECK BEFORE BUYING

"We encourage consumers to always check before purchasing such products," he said.

"One can easily be hoodwinked into buying the counterfeit products," he added.

The official revealed that they confiscated a number of invoices and cash sale receipts which will help them in their investigations.

Alex Otieno, a salesman at the shop, said he could not distinguish between genuine and fake SKF bearings.

"I don’t know the difference between a counterfeit and a genuine bearing because they both look the same.

"In fact, it is now that I am being made aware that there are counterfeit SKF bearings," he said.

The shop had both genuine and counterfeit SKF bearings.

Reporters: Ms Tina Astrom, a director at SKF Group with DENNIS LUBANGA | NATION MEDIA GROUP, NAIROBI - both failed to respond

21 November 2016

Schaeffler Bearings Breakthrough in Wind Turbine News

The Schaeffler Group made wind headlines for the 2nd time in a week with the exposure of Rotor Bearings and Asymmetrical Design Roller Bearings.

Schaeffler has gained major recognition to meet the specific requirements in the manufacturing of large Turbine bearings, breaking into the innovation & development cycle with the Wind Industry and certified by Germanischer Lloyd.

<https://www.google.com/url?rct=j&sa=t&url=http://renews.biz/104991/schaeffler-sights-on-rotor- bearings/&ct=ga&cd=CAEYBioTODMyNzYxNzIyNjE2MDk3MTEwODIdZDE4YzNhMWZhYjg 0OTIxZjpjb20uYXU6ZW46QVU&usg=AFQjCNGe3BlWhztw29q4jhEKuj99k9_X1A>

Schaeffler sights on rotor bearings
Company's Astraios test rig to help develop the tapered roller unit

Precision engineering company Schaeffler has launched a new compact bearing unit for wind turbine main rotors.

The company said the double-row tapered roller bearing unit in an 'O' arrangement is greased, sealed and supplied pre-assembled.

It is flanged onto the rotor via the inner ring and to the nacelle via the outer ring.

The internal clearance is already preset, which reduces logistics and installation costs, Schaeffler said.

The company said it used its Astraios bearing test rig to help develop the tapered roller unit.

Schaeffler bearing up for wind
German outfit’s asymmetrical design aims to reduce wear in turbines

German outfit Schaeffler has upgraded its spherical roller bearings to meet the specific requirements of wind turbines, including an asymmetrical design to reduce wear.

The company said its engineers have reduced the internal bearing clearance, which has improved the operating clearance.

"This has also reduced the rolling bearing forces and the axial sliding of the drive train," the company said.

It had also used a "firm centre rib for the locating bearings of the wind turbine rotor and increased axial rigidity, which reduced the axial displacement of the drive train".

The bearings have also been certified by Germanischer Lloyd.

17 November 2016

JTEKT CORP US$62.5 MILLION PENALTY US CLASS ACTION

JTEKT Partial settlement agreement in the Court for Eastern District of Michigan, on October 6, 2016 between Automotive Dealership Plaintiffs and End-Payor Plaintiffs and JTEKT Bearing Corporation Defendant

JTEKT agreed to settle in the amount of US$62.5 Million Penalties for Damages

Further lawsuits by other Plaintiffs against JTEKT are still pending

For complete transcript: https://www.jtekt.co.jp/e/news/pdf/161007e.pdf

17 November 2016

NTN Bearings - Class Action US$10 Million Penalty Settlement

The Class action lawsuit against NTN Corporation and some of its subsidiaries have been pending in the United States District Court for the Eastern District of Michigan.

NTN and its subsidiary in the United States (collectively, 'NTN') has reached an agreement to settle with certain plaintiffs on 17th November, 2016(JST)(16th of November, 2016(EST)) as below.

1. Process from Filing of Class actions to Settlement.

The plaintiffs of the Class Actions alleged, among other things, that the defendants conspired with each other to fix prices of bearing sales, and sought damages, injunctive relief, and other relief against defendants.

NTN denies that it engaged in any such conduct as relates to the U.S. market. NTN was investigated by the U.S. Department of Justice('DOJ') from November 2011 and received a letter from DOJ in March 2015 that NTN was no longer subject of its investigation.

Nevertheless, in consideration of litigation costs and impact on operations, NTN concluded that it is best to settle all claims with indirect purchasers. The settlement, which does not contain any admission by NTN of any wrong-doing, will require the approval of the United States District Court for the Eastern District of Michigan.

2. Concerned Parties of the Settlement Indirect purchasers

3. Settlement amount US$ 10.05 million (Approximately ¥1.1 billion)

4. Future Prospects
NTN does not plan to revise its consolidated business forecast for the fiscal year ending March 2017.

Class Actions by other plaintiffs against NTN are still pending.

4 November 2016

BMW Germany Legal Action Against SKF & Bearing Cartel

SKF Industries has been informed of legal proceedings with a claim for damages by the German automaker BMW AG and several group BMW companies, and against the bearing manufacturers cartel that includes SKF, who were part of the settlement decision by the European Commission for violation of European competition rules

SKF says the amount of damages, if any, should SKF be found liable, is at this stage not possible to determine. However, from EU antitrust regulators in March 2014 fined SKF and several other suppliers a total of 953.3 million euros ($1.06 billion) for taking part in the bearing cartel.

SKF said in Friday's statement the settlement decision made no finding that SKF's top management had involvement in, or knowledge of, the conduct at issue. "Furthermore, SKF strongly believes that the activities sanctioned by the European Commission have not caused any damage to its business partners"

However in the wake of this EU settlement, French auto-maker Peugeot in the March 2016 also filed a lawsuit against SKF that includes the bearing Cartel.

Japan's NSK said in its 2016 second quarter results states Peugeot and 18 of its subsidiaries were seeking 484.5 million euros in damages ($1 = 0.9011 euros)

- SKF informed of initiation of lawsuit pertaining to settlement with the European Commission
Automotive World

- SKF says BMW files lawsuit in wake of cartel settlement
ETAuto.com

1 November 2016

Wind Turbine Certification Now Effective

From the 28 October 2016, the Wind Turbine Industry established a certification cooperative driven by leading industry stakeholders

Developed to conform with various complicated and exacting regulations includes the "IEC SYSTEM FOR CERTIFICATION TO STANDARDS RELATING TO EQUIPMENT FOR USE IN RENEWABLE ENERGY APPLICATIONS"

Certification is highly commendable particularly when other industries are included: Regulatory conditions from the local government act may change with individual council meetings are not included

The new certification system creates a clearer, more harmonised, and less costly process to certify wind turbines and other renewable energy equipment.

Harmonising certificates across multiple markets will reduce the costly and time-consuming need to repeat tests as well as create greater clarity for end-users on what exactly is being certified.

Industry stakeholders including equipment manufacturers, power producers, insurance companies, test laboratories and certifying bodies have led the effort to create the first stakeholder-driven set of certification rules.

The IECRE certificates have now been approved for use in many of the world's largest wind power markets, including China, Germany, the USA, and elsewhere. The first wind turbine certificate under the new system was issued on 27 October 2016 by certification body DNV GL, for the Vestas 2MW platform's V100-2.0MW mark 10 version

http://www.iecre.org/
http://www.windpowerengineering.com/certifications-2/vestas-new-wind-turbine-certification-system-now-place/
https://www.vestas.com/en/media/~/media/13a210466ba748d6aeb2cee4b9aa82d6.ashx
http://www.tuv.com/en/corporate/business_customers/plants_machinery_1/
renewable_energy_sources_1/renewable_energy_sources.html

*Note: Regulatory conditions from the local government act may change with individual council meetings are not included

24 October 2016

Creating False or Misleading Impression

Businesses are not allowed to make statements that are incorrect or likely to create a false impression.

This rule applies to their advertising, their product packaging, and any information provided to you by their staff or online shopping services.It also applies to any statements made by businesses in the media or online, such as testimonials on their websites or social media pages.

For example, businesses cannot make false claims about:

  • the quality, style, model or history of a product or service
  • whether the goods are new
  • the sponsorship, performance characteristics, accessories, benefits or use of products and services
  • the availability of repair facilities or spare parts
  • the need for the goods or services
  • any exclusions on the goods and services.

It makes no difference whether the business intended to mislead you or not. If the overall impression left by a business’s advertisement, promotion, quotation, statement or other representation creates a misleading impression in your mind—such as to the price, value or the quality of any goods and services—then the behaviour is likely to breach the law.

There is one exception to this rule. Sometimes businesses may use wildly exaggerated or vague claims about a product or service that no one could possibly treat seriously or find misleading. For example, a restaurant claims they have the ‘best steaks on earth. These types of claims are known as ‘puffery’ and are not considered misleading. this does not apply to the Bearing Industry

There are laws in place to protect you from being misled about the products and services you buy.

Creating a false or misleading impression
Examples of false or misleading claims
False or misleading advertising
If you think you have been misled
More information

If you think you have been misled

Make a consumer complaint


More information

Country of origin
Drip pricing
Olive oil
Organic claims
Prices & receipts
Social media
Your consumer rights – environmental claims
Your consumer rights – Indigenous art and craft

16 October 2016

IMO Pitch Bearings German Innovators to SENVION

IMO Group leading bearing manufacturers of large Slewing Rings and self-contained Slew Drives and Pitch Bearings for Wind Turbines Made in Germany

The IMO Group is headquartered in Gremsdorf in the Nuremberg metropolitan region, of Southern Germany. Plant 1 focuses on Slewing Rings whereas plant 2 develops and manufactures Slew Drives and prides itself as innovators for wind turbine bearing Technology


Slewing Rings for wind turbines and tidal stream systems


Slewing Rings


Slew Drives

IMO headquarters are in Gremsdorf in the Metropolitan Region Nuremberg in Germany.
A regional office is in North Charleston, SC, USA, a representative office is in Beijing, China


Senvion has selected pitch bearings from German manufacturer IMO for its 3.4MW low wind turbine.

IMO will provide its T-Solid 4IPC roller-type pitch bearing for Senvion’s 3.4M140 EBC machine, the company said.

The devices continuously adjust the individual blade pitch angles during each rotor revolution.

This substantially reduces rotor blade and turbine loading, allowing for lighter and less-expensive turbine designs, it said.

"For such large-scale onshore turbines T-Solid 4IPC combines two main benefits," IMO managing director Werner Schröppel said.

"First, it eliminates ring-separation and edge loading that is inherent to large-diameter conventional four-point bearings.

Second, replacing balls by rollers ensures that extended pitch-bearing lifetime requirements for individual pitch

10 October 2016

Public Perception To Misleading Counterfeit Bearings

Reactions to false & misleading claims by 'StopFakeBearings' have been intense and Cynical with bearing distributors voicing their objections, although widely accepted that some dealers were coaxed into making false reports from these bearing manufacturers, on a global basis to receive their 'Coach Award'

Below comments are worth noting, an extract received last week by Bearingcode re: 'Spot Counterfeit/Fake Bearings' posted by 'Phil' in 2012 to the PRACTICAL MACHINIST forum. The significance of 2012 was deemed the height of 'StopFakeBearings' Financial & Propaganda campaign to brainwash the Industry to Buy Stock & Sell bearings only from Member Brands

And whilst the 'StopFakeBearings' site is quiet with expired use-by-date, we hope an end to Faking-it can happen, stop anti-trust corruption and be Transparent to our trusted Industry clientele - especially to your Distributors

"QUOTE"

Thread: How to Spot Counterfeit/Fake Bearings?

Originally Posted by RC99
Where is the evidence of counterfeit bearings in the first place? Last I heard one of the stories of counterfeit bearings was a fake itself...


That's a more than fair point. If I was a counterfeiter. I wouldn't be starting 30-62-15 X 60degree high thrust angular contact P4 bearings.

I'd beconcentrating on the in-line skate market.

http://www.stopfakebearings.com/#/start

You would think a site like that would help our O.P Halco, identify a fake bearing.But not one word there how to identify a fake bearing. But plenty of links to factory authorized dealers.

Has any one worked out where this WBA World Bearing Association comes from, Anyone have a physical address?

Personally I think that's a corporate marketing exercise, to keep you into factory distributors, and not bearing resellers.

Phil.

"UN-QUOTE"

3 October 2016

Insurers Partner OEMs, Meet Connected-Car Challenges

Meeting sustainable challenges from the 2014 proto-type 'Bearingcode vehicle' had insurers and associated engineering groups somewhat perplexed, now appears a breakthrough for future Auto Industry systems on accidents and their causes. Complicated systems once required complicated conclusions - perhaps looming technical learning curves will now change innovation

Maybe speed limits to Formula 1 could display examples of today's experiences for new age energy requirements


Insurers want to tap vehicle systems to get more information on crashes and what causes them. (IIHS photo)

The connected car's emergence is as disruptive for insurance companies as it is for automakers. Usage based insurance (UBI) holds a major role in future plans, prompting insurers facing a steep technical learning curve to partner with OEMs. They also are moving to create apps that provide services that make UBI more attractive to customers.

Insurers want to use actual driving data to set rates, so they're keenly interested in getting information from vehicles. Most started using USB dongles that plug into OBD ports a few years ago, and smart phones are increasingly being used to get data on speed and miles traveled. Insurers plan to leverage native vehicle connectivity provided by OEMs, but that data collection technique may not come until more vehicle models have modems.

"Companies can't build an insurance proposition that only gets to 10, 20 or 30% of the market, insurers can't offer programs only for people who own certain types of vehicles," said David Lukens, Director of Telematics at LexisNexis Risk Solutions. "There are so many ways to get data from the car it's become confusing."

Companies discussed some of their UBI strategies at the recent Connected Car Insurance conference in Chicago. Connectivity issues like integrating cell phones and creating apps are similar to those being tackled by OEMs and Tier 1s.

Grappling with connectivity issues dominated the conference, but speakers also addressed the looming issue of autonomous driving. Issues here include decisions yet to be made by regulatory bodies.

"NHTSA recently told Google its system could be considered a driver," said Eric Nordman, Director of the Center for Insurance Policy & Research at the National Association of Insurance Commissioners. "I don't think this is viable. A consumer suing General Motors or Google for damages after an accident is not good, it could take six years to get their car fixed."

Technical learning curve

Currently insurers must deal with the different types of data collected by USB dongles and phones. Such data isn't as comprehensive as provided by on-board modems, so many companies are looking at ways to work with OEMs. Insurers and OEMs face a similar challenge when they gather extensive data from the vehicle network. Monetizing all the data generated by cars requires a significant investment and powerful data mining capabilities.

"We can easily harvest 30 Gbytes of data per hour," said Jim Levendusky, Vice President, Telematics, at Verisk Insurance Solutions. "The idea that insurers can all build their own infrastructure for collecting and analyzing all this data is not practical."

Verisk recently set up a data exchange designed to collect information from OEM fleets that can be accessed by insurance companies. GM is the first partner in this program, other OEMs are expected to join before year's end, Levendusky added.

Technical challenges will diminish for those who turn to third parties and exchanges, but they won't disappear. Insurance companies may have to ramp up their technical expertise level to understand what happens before accidents.

"There's a big learning curve," Levendusky said. "Analyzing accelerometer data in three axes is not something that has typically been resident at insurance companies."

18 September 2016

India Soft Target for Stopfakebearings Inc.

From news Part B re: Stopfakebearings illegal activities:

BearingCode received record views & hits worldwide, encouraged in one sense but disappointed to pursue bearing corporate crime at the highest possible level.

The Codes main aim is Anti-Corruption and those who remain cultured nurtured or cronyism with corruption will eventually be apprehended, no matter the prolong period

For many years, India has suffered with sustained bearing corruption seemingly worse than 20 years ago from backyard type bearing re-stamping to a more sophisticated cultured 'Stopfakebearings' organised crime cartel

At the invitation of the Indian BRBMA (Ball & Roller Bearing Manufacturers Association) BearingCode visited Mumbai to present a documented discussion on Anti-Trust Behavior and Prevention of Counterfeit Products infiltrating India. This meeting was attended by most domestic Indian bearing manufacturers who were attentive to listen receive and welcomed this new approach to Corruption. However, attended members of 'Stopfakebearings' global manufacturers interrupted and heckled during the entire Codes presentation regrettably, making a premature closure without informal discussions over tea or coffee.

Today, we view the 'Stopfakebearings' website riddled with False Fake Counterfeit claims from India, a tide of statements about Corruption involving bearings and associated products that should have been eliminated years ago - however, does not suit the illegal strategy of 'Stopfakebearing' members globally, making India a 'soft target' for future marketing for BRBMA Distributors & Others

4 September 2016

Part B - Counterfeiters SKF Inc & SCHAEFFLER Group On Rebound

SKF & 'Stopfakebearings' have developed their familiar 'Fake Marketing Strategy' for Africa designed around the corruption performed in other Continents, this time to under-developed under-suspecting countries unaware of 'Stopfakebearings' criminal activity or their tricks to fool the least expected

The photo and commentary allege the bearing retailer sold these SKF bearings with fake SKF packets, but where are the fake SKF bearings? Displayed are professional packets of many types & sizes that must have come from a very large 'well oiled fake' packaging manufacturer, smelling all too familiar of repeated corruption by 'Stopfakebearings SKF & Co' listed below in Part A.

Alleged Price-Fixing by 'Stopfakebearing' members for Africa to be determined

"Quote:
http://stopfakebearings.com/news/2016/08/raiding-in-kenya/

The process to contact customers that might have bought counterfeit products from this retailer, warning them that they likely have been supplied with counterfeit has started. SKF local personnel say that "Customers are naturally quite upset, but also grateful when we inform them that they likely have been supplied with counterfeits.."

The increased activity plan for East Africa started some six months ago when SKF invited customers and governmental authorities the seminar ‘how to protect your business-avoid being cheated by counterfeit'. The seminars were held in the four major countries in East Africa namely Kenya, Tanzania, Uganda and Ethiopia. The message brought to the audience was; 1) Counterfeited industrial products exists, 2) counterfeited products can negatively impact operational reliability and if installed in safety critical equipment, counterfeit product can present a safety risk for people and/or the environment, 3) How can you protect your business and minimize the risks?

The Managing Director of SKF Kenya explains: "In countries like Uganda and Ethiopia for example, premium bearing brands are accepted and requested by industry, but the absolute majority of products are counterfeits. The customers purchase unknowingly, so awareness training is very important"

When the Managing Director of SKF Kenya reflects upon the past six months he says "I am very committed to continue brand protection activities in East Africa. Counterfeit is a large and serious problem for our customers. It's naïve to believe that one raid will clean the market, however our continued activities will increase the awareness level and more customers will source their need of SKF products from safe suppliers" Unquote"

Part A - Counterfeiters SKF Inc & SCHAEFFLER Group On Rebound

For more than 10 years, Counterfeit Bearings were produced & supplied by SKF INDUSTRIES & SCHAEFFLER GROUP and together with their collaborators

An alleged counterfeit scam was invented by Presidents Tom Johnstone of SKF and Juergen Geissinger of Schaeffler in 2004 established the trading name 'Stopfakebearings' in 2006

Claim after claim with so-called Fake bearing products were displayed globally and prepared by SKF SCHAEFFLER & Cohorts but they were proven false fraudulent with the subsequent fallout of innocent victims both in & outside the bearing industry, trapped into believing they were dealing in counterfeits.

There were never Police Reports or DNA reports or Independent inspections, and claims not proceeded to Law Courts settled in fear of legal & media intimidation

However, these 'claim' bearings were not fake bearings, all were genuine SKF & SCHAEFFLER simply took their own manufactured stock and accused as counterfeits to various customers worldwide; in legal terms these alleged corporations SKF & SCHAEFFLER created, handled and distributed Counterfeit Products for profit, obtained free global media coverage, provided their distributors with false & misleading advertising, eliminated competitors, increased prices and Anti-Trust violations with Collusion & Price Fixing by way of Faking on a Global scale

So far Anti-Trust penalties to these 'Stopfakebearings' members exceed US$3 Billion worldwide, over 60 Convictions, 7 Jail terms, 2 Grand jury indictments with many Class Actions to be determined by Law Courts including 'PSA Auto Group' France for US$600 Million. Meanwhile other Auto Corporations await legal outcomes before making their decision to prosecute, and while 'Stopfakebearings' principle architect SKF's Tom Johnstone continues to be active behind the scene, provokes outcomes

Below photos are some of many claimed as Fake by SKF SCHAEFFLER but in reality, genuine bearings sabotaged for their global political gain and to mislead customers for fraudulent profit




26 August 2016

Counterfeiters SKF Inc & SCHAEFFLER Group On Rebound

For more than 10 years, Counterfeit Bearings were produced & supplied by SKF INDUSTRIES & SCHAEFFLER GROUP and together with their collaborators

An alleged counterfeit scam was invented by Presidents Tom Johnstone of SKF and Juergen Geissinger of Schaeffler in 2004 established the trading name 'Stopfakebearings' in 2006

Claim after claim with so-called Fake bearing products were displayed globally and prepared by SKF SCHAEFFLER & Cohorts but they were proven false fraudulent with the subsequent fallout of innocent victims both in & outside the bearing industry, trapped into believing they were dealing in counterfeits.

There were never Police Reports or DNA reports or Independent inspections, and claims not proceeded to Law Courts settled in fear of legal & media intimidation

However, these 'claim' bearings were not fake bearings, all were genuine SKF & SCHAEFFLER simply took their own manufactured stock and accused as counterfeits to various customers worldwide; in legal terms these alleged corporations SKF & SCHAEFFLER created, handled and distributed Counterfeit Products for profit, obtained free global media coverage, provided their distributors with false & misleading advertising, eliminated competitors, increased prices and Anti-Trust violations with Collusion & Price Fixing by way of Faking on a Global scale

So far Anti-Trust penalties to these 'Stopfakebearings' members exceed US$3 Billion worldwide, over 60 Convictions, 7 Jail terms, 2 Grand jury indictments with many Class Actions to be determined by Law Courts including 'PSA Auto Group' France for US$600 Million. Meanwhile other Auto Corporations await legal outcomes before making their decision to prosecute, and while 'Stopfakebearings' principle architect SKF's Tom Johnstone continues to be active behind the scene, provokes outcomes

Below photos are some of many claimed as Fake by SKF SCHAEFFLER but in reality, genuine bearings sabotaged for their global political gain and to mislead customers for fraudulent profit




24 August 2016

World's Longest Wind Turbine Blade Can Hold Ten Elephants


The longest wind turbine blade in the world is developed by Danish LM Wind Power and has a length of almost 90 meters. It is so solid that it can withstand the weight on ten full-grown elephants without breaking, and has a maximum speed by the blade tip of 300 km/h.

Many thanks to our Bearing Industry Engineers

LM Wind Power and Adwen have partnered to take a large step forward towards lowering the cost of energy in offshore, putting their respective technology expertise together to present the longest blade in the world.

The huge component of 88.4 meters has been specifically designed for Adwen's AD 8-180 wind turbine model, with 8MW nominal capacity and 180 meters rotor diameter. The first of these huge blades has just been manufactured at LM Wind Power's factory in Lunderskov (Denmark) and will be transported to a facility in Aalborg in the following days, where it will commence rigorous testing in the framework of Adwen's extensive product validation plan.



The engineering teams of both companies have been working together for months to design and integrate a blade that represents an important step forward in the race to lower the Levelized Cost of Energy (LCoE). With the largest rotor in the industry (180 meters), the AD 8-180 has the highest annual energy production (AEP) of all wind turbines.

The 88.4 meters length of the blades is the best compromise between swept area, energy production, and the weight as well as the loads transferred to the wind turbine. This combination provides the optimum balance of plant costs and contributes to one of the most competitive LCoE in the industry. In addition, the blade design has been conceived with scalability in mind to enable the further development of Adwen's 8 MW platform.

The LM 88.4 P blade is an extraordinary example of industrialised innovation at record breaking scale. It is based on innovation building blocks, rooted in 35 years of real life experience, in the design, technology and manufacturing of ultra-long, reliable blades. This blade is a strong proof point of the shared ambition of Adwen and LM Wind Power to bring forward best in class and proven rotor solutions for offshore application, increasing Annual Energy output through efficient and reliable technology, says LM Wind Power's CEO, Marc de Jong.

15 August 2016

Bearing Industry Gain From Change

Yesterdays report into fossil fuel consumption is another important indicator that Change is finally here and accepted by world leaders. The Bearing Industry has been at this forefront by facilitating new refreshing and innovating bearing design, not seen for many years with prospects of more to come

The below article written by Pilita Clark, Environmentalist http://www.ft.com/cms/s/0/67b20418-60cc-11e6-ae3f-77baadeb1c93.html#axzz4HSjGmBs5 has also provided further energy to manufacturers to keep the 'Innovation Rolling' allowing financiers the confidence from our 'Gain from Change'

Renewables jump 70 per cent in shift away from fossil fuels

The share of electricity that the world's 20 major economies are generating from the sun and the wind has jumped by more than 70 per cent in the space of five years, new figures show.

In a sign of the shift away from fossil fuels that is starting to take hold in some regions, G20 countries collectively produced 8 per cent of their electricity from solar farms, wind parks and other green power stations in 2015, up from 4.6 per cent in 2010.

Seven G20 members now generate more than 10 per cent of their electricity from these sources, compared with three in 2010.

The seven were led by Germany, home of the Energiewende — a policy shift towards green power. Renewables made up 36 per cent of its electricity mix, according to data compiled for the FT by the Bloomberg New Energy Finance research group.

The UK, Italy and France all generated more than 19 per cent of their electricity from renewables while Australia and Brazil reached 11 per cent and 13 per cent respectively. For the 28 members of the EU, the number was 18 per cent.

The figures do not include hydropower, one of the oldest sources of renewable electricity.

Instead, the data underline the growth of newer forms of green energy such as solar and wind farms that have been heavily subsidised in many countries as governments try to combat global warming.

This growth has been especially striking in the UK, which generated 24 per cent of its electricity from such renewables last year compared with just 6 per cent in 2010.

Still, fossil fuels continue to dominate the electricity supply in many countries, including the US and China, two of the most powerful proponents of the UN climate change accord struck in Paris in December.


China is the world's largest clean energy market, accounting for nearly a third of the $329bn invested in clean energy globally last year as the government continued to boost its renewables industry.

A Chinese company, Goldwind, became the largest wind turbine maker in 2015, putting an end to more than 30 years of US and European supremacy in the industry. Chinese solar panel companies have long ruled that sector.

Despite this, renewable power stations such as wind and solar parks only accounted for a 5 per cent share of China's electricity mix last year, according to the BNEF figures, about the same as India, Mexico and Japan.

That is because China added a "substantial" amount of coal-fired power generating capacity over that five-year period, said BNEF analyst, Abraham Louw.

In the US, the administration of President Barack Obama has made big efforts to cut carbon pollution from the country's power plants, while wind and solar power stations have grown sharply.

But fossil fuels continue to lead the country's electricity mix, with the BNEF research showing non-hydropower renewables accounted for only 8 per cent of the total last year.

That is a lot more than Saudi Arabia and Russia, however, where newer renewables remain negligible.

5 August 2016

RBC Bearings Inc. Earning Results Now Buy Rating

Following recent Bearing Industry interest with RBC Bearings Inc.USA, further news appear as earnings head north from yesterdays result now moved to "buy" rating - a watch is recommended

RBC Bearings logoRBC Bearings Inc. (NASDAQ:ROLL) posted its quarterly earnings results on Thursday. The company reported $0.77 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.78 by $0.01. The firm earned $154.58 million during the quarter, compared to the consensus estimate of $152.83 million. RBC Bearings's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share.

In related news, CEO Michael J. Hartnett sold 56,730 shares of RBC Bearings stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $75.56, for a total transaction of $4,286,518.80. Following the completion of the sale, the chief executive officer now directly owns 509,574 shares of the company's stock, valued at $38,503,411.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Hartnett sold 15,242 shares of RBC Bearings stock in a transaction on Friday, July 1st. The stock was sold at an average price of $72.90, for a total value of $1,111,141.80. The disclosure for this sale can be found here.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded RBC Bearings from a "hold" rating to a "sell" rating in a research note on Tuesday, July 26th. Avondale Partners reaffirmed a "buy" rating and set a $80.00 price target on shares of RBC Bearings in a research note on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. RBC Bearings has a consensus rating of "Hold" and an average target price of $74.80.

RBC Bearings (NASDAQ:ROLL) traded up 4.03% during midday trading on Thursday, hitting $78.30. The stock had a trading volume of 150,035 shares. RBC Bearings has a 52 week low of $54.38 and a 52 week high of $83.40. The firm has a market cap of $1.82 billion and a P/E ratio of 28.79. The stock has a 50-day moving average of $74.06 and a 200-day moving average of $70.16.

RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision components and bearings. The Company manufactures roller bearing components and assembled parts and designs and manufactures high-precision roller and ball bearings. The Company operates in four business segments: plain bearings, roller bearings, ball bearings and Other.

23 July 2016

NSK Bearing Group: Notification USA Partial Settlement

Class actions (the "Class Actions") against NSK Ltd. and some of its subsidiaries in Japan and the United States (collectively, "NSK"), have been pending in the United States District Court for the Eastern District of Michigan. It is hereby announced that, as described below, NSK has agreed to settle with some indirect purchasers that are part of the plaintiff classes on the 22nd of July, 2016 (JST) (21st of July, 2016 (EST)).

1. Process from Filing of Class Actions to Settlement
The plaintiffs of the Class Actions have alleged, among other things, that the defendants, including NSK, conspired with each other to restrict competition in sales of bearing products and other products in the United States, and have sought damages, injunctive relief, and other relief against the defendants. As a result of negotiations with some of the indirect purchaser plaintiffs, NSK came to the conclusion that the best option to resolve those plaintiffs' claims was an early settlement and so reached a settlement with some of the indirect purchasers.

2. Concerned Parties of the Settlement
Indirect purchasers (automobile dealers and end buyers of automobiles)

3. Contents of the Settlement
Settlement Amount: US$34.5 million (Approximately ¥3.6 billion)
The settlement will require the approval of the United States District Court for the Eastern District of Michigan.

4. Future Prospects
NSK does not plan to revise its consolidated business forecast for the fiscal year ending March 31, 2017. The Class Actions by other plaintiffs against NSK are still pending.

The Class Actions are based on the actions that the U.S. Department of Justice investigated, which ended no later than July 2011; in other words, the filing of the Class Actions does not mean that any other suspicious conduct at NSK has been found in the United States thereafter. However, NSK recognizes the gravity of the incident described in this press release, and in addition to the preventive measures NSK has already developed, NSK will continue to develop measures to enhance its compliance systems, including the strengthening of internal controls and further education and training of relevant personnel.

18 July 2016

SKF Unusual Acquisition Industry Interest

Many unrelated industry corporations were interested by last weeks news re "11 July 2016 Federal-Mogul Holdings Unusual Strong Interest" particularity the 2014 SKF acquisition of KAYON USA -seeking further information

The alleged SKF manipulation of signed foreign procedural documents and fake wrongful-disclosures lodged with the USA Authorities to avoid past corruption are as follows

Before KAYDON's M&A (may include others Peer, General Bearings USA) SKF Industries had prior convictions in Europe, South America for Price Fixing and were operating a sophisticated Counterfeiting scam in USA & globally to eliminate competition and effectively changed the mechanics of marketing to inflate & increase prices. Other manufacturers were involved with SKF as collaborators known as "Stopfakebearings". These events were not disclosed and since 2014 other M&A's include "BearingNet UK" for the worldwide Distributor control was not disclosed effectively manipulating every aspect within the Bearing Industry

The manipulated US foreign procedural documents related to Anti-Trust disclosed by SKF include GERMANY who has no connection and/or no history and not the authority or to act as the EU Commission

However the SKF disclosures do not mention convictions by Law Courts in FRANCE http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=128&id_article=177 or from BRAZIL http://www.demarest.com.br/Documents/Artigos/Brazil%20Abuse%20of%20Dominance.pdf

No written approval by the EU COMMISSIONERS in Belgium could not be granted, who at the time preparing to serve anti-trust conviction documents against SKF Industries and to other members of "Stopfakebearings". This EU Conviction of US$1.3 Billion was the total anti-trust penalty

SKF INDUSTRIES documents further state: "Given the current U.S. federal government shutdown, SKF has waived the condition for approval of the Committee on Foreign Investment in the United States (CFIUS) under U.S. national security regulations. SKF anticipates that administrative delays will lengthen the period for clearance, however, it has not been notified of any concerns or issues in the review process"

http://www.skf.com/group/investors/press-releases/skf-receives-anti-trust-approvals-usa-and-germany-and-waives-cfius-condition

Other SKF Documents include: Gothenburg, Sweden, 08 October, 2013: SKF has received anti-trust approvals in the USA and Germany regarding the company's acquisition of Kaydon Corporation (NYSE:KDN). Given the current U.S. federal government shutdown, SKF has waived the condition for approval of the Committee on Foreign Investment in the United States (CFIUS) under U.S. national security regulations. SKF anticipates that administrative delays will lengthen the period for clearance, however, it has not been notified of any concerns or issues in the review process.

11 July 2016

Federal-Mogul Holdings Unusual Strong Interest

Following the 2014 M&A fiasco of KAYDON by SKF Industries with alleged manipulation of signed foreign procedural documents and fake wrongful-disclosures lodged with the USA Authorities to avoid past corruption, and last weeks strong trading movement in RBC Bearings USA; Another bearing related corporation Federal-Mogul Holdings has shown trading interest above the Norm.

Although not suggesting a relationship between the above transactions, it highlights risks of further manipulation created by convicted foreign Corporations on US markets within the bearing industry

Federal-Mogul Holdings Corp. logo Federal-Mogul Holdings Corp. (NASDAQ:FDML) saw unusually-strong trading volume on Friday . Approximately 174,875 shares traded hands during mid-day trading, a decline of 24% from the previous session's volume of 231,591 shares.The stock last traded at $8.53 and had previously closed at $8.32.

A number of research analysts have recently issued reports on FDML shares. FBR & Co lifted their price objective on shares of Federal-Mogul Holdings Corp. from $7.00 to $8.00 and gave the stock a "mkt perform" rating in a research report on Tuesday, June 21st. Zacks Investment Research downgraded shares of Federal-Mogul Holdings Corp. from a "buy" rating to a "hold" rating in a research report on Wednesday, May 4th. Finally, TheStreet raised shares of Federal-Mogul Holdings Corp. from a "sell" rating to a "hold" rating in a research report on Thursday, March 24th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Federal-Mogul Holdings Corp. has a consensus rating of "Hold" and a consensus target price of $9.92.

The company's market cap is $1.50 billion. The firm has a 50 day moving average of $8.39 and a 200-day moving average of $7.54.

Federal-Mogul Holdings Corp. (NASDAQ:FDML) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.31 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.27 by $0.04. The company earned $1.90 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. On average, analysts expect that Federal-Mogul Holdings Corp. will post $1.10 earnings per share for the current year.

A number of institutional investors recently added to or reduced their stakes in the company. Teton Advisors Inc. boosted its position in Federal-Mogul Holdings Corp. by 2.9% in the fourth quarter. Teton Advisors Inc. now owns 280,047 shares of the company's stock worth $1,918,000 after buying an additional 8,000 shares in the last quarter. Morgan Stanley boosted its position in Federal-Mogul Holdings Corp. by 21.4% in the fourth quarter. Morgan Stanley now owns 243,531 shares of the company's stock worth $1,668,000 after buying an additional 42,882 shares in the last quarter. Gabelli Funds LLC boosted its position in Federal-Mogul Holdings Corp. by 3.5% in the fourth quarter. Gabelli Funds LLC now owns 1,917,375 shares of the company's stock worth $13,134,000 after buying an additional 65,540 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Federal-Mogul Holdings Corp. by 52.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 244,555 shares of the company's stock worth $1,676,000 after buying an additional 84,555 shares in the last quarter.

Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company serves original equipment manufacturers (OEM) and servicers (OES) (collectively OE) of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket.

2 July 2016

RBC Bearings Shares Unusually Strong - Market Watch

RBC Bearings USA has enjoyed autonomy from major bearing manufacturers and kept pace within its tightly knit market community.

Unfortunately the same could not be said about the Kaydon Group, snatched by SKF Industries in 2014 and lodged signed dubious declarations to US Authorities, still today remaining inconclusive

RBC Bearings Inc. (NASDAQ:ROLL) shares saw unusually-strong trading volume on Thursday . Approximately 119,210 shares traded hands during trading, a decline of 10% from the previous session's volume of 132,809 shares.The stock last traded at $71.67 and had previously closed at $70.58.

Several research analysts recently issued reports on ROLL shares.

Avondale Partners upped their target price on RBC Bearings from $70.00 to $80.00 and gave the company a "market outperform" rating in a research report on Monday, March 21st. Zacks Investment Research raised RBC Bearings from a "sell" rating to a "hold" rating in a research report on Tuesday, April 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. RBC Bearings presently has a consensus rating of "Hold" and an average price target of $74.80.

The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 26.76. The firm's 50-day moving average price is $73.28 and its 200 day moving average price is $68.25.

RBC Bearings (NASDAQ:ROLL) last released its earnings results on Thursday, May 26th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.84 by $0.02. During the same quarter last year, the business posted $0.73 earnings per share. The company earned $162.30 million during the quarter, compared to analysts' expectations of $160.50 million. The company's revenue for the quarter was up 43.1% on a year-over-year basis. On average, equities research analysts anticipate that RBC Bearings Inc. will post $3.40 EPS for the current fiscal year.

In related news, insider Thomas M. Burigo sold 10,000 shares of RBC Bearings stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $75.85, for a total value of $758,500.00. Following the completion of the transaction, the insider now directly owns 18,554 shares in the company, valued at $1,407,320.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Hartnett sold 5,957 shares of RBC Bearings stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $73.09, for a total value of $435,397.13. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its position in RBC Bearings by 9.1% in the fourth quarter. Nationwide Fund Advisors now owns 104,203 shares of the company's stock worth $6,730,000 after buying an additional 8,670 shares during the period. California State Teachers Retirement System increased its stake in shares of RBC Bearings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 43,380 shares of the company's stock worth $2,802,000 after buying an additional 754 shares during the period. Eagle Asset Management Inc. increased its stake in shares of RBC Bearings by 4.7% in the fourth quarter. Eagle Asset Management Inc. now owns 32,469 shares of the company's stock worth $2,097,000 after buying an additional 1,457 shares during the period. First Trust Advisors LP increased its stake in shares of RBC Bearings by 12.2% in the fourth quarter. First Trust Advisors LP now owns 23,976 shares of the company's stock worth $1,549,000 after buying an additional 2,607 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of RBC Bearings by 6.9% in the fourth quarter. Rhumbline Advisers now owns 28,394 shares of the company's stock worth $1,834,000 after buying an additional 1,845 shares during the period.

14 June 2016

Faking Fakes & False Misleading Disclosures

Faking Fakes is a profitable illegitimate business, providing the perfect partner collaboration is available

Partner collaboration: No manufacturing, no set-up costs, low maintenance, free global media coverage with automatic increases in Price. This type of commerce is known to many and one should be careful or face supply restrictions for legitimate product from these Falsifiers normally a Manufacturer.

It appears at first a quite complex procedure; or should that read 'the more complex the better' but easy to arrange by well chosen False & Misleading Disclosures

The Anti-Counterfeiting Group 2016

ACG represents the voice of business in shaping an effective deterrent to counterfeiting in the UK. We help to steer effective policy, promote evidenced based actions, empower multi-agency partnerships and strengthen international collaboration.

ACG's members are under constant attack from the counterfeiting of their genuine products. We have been working since 1980 to raise awareness of this serious organised crime. The trade in fakes has never been more prolific, mainly because of the exponential rise in counterfeiting activities on the internet in recent years. It is now a global epidemic, posing major threats to consumers and national economies, and funding other crimes such as drugs, guns and people smuggling. Interpol has also reported evidence of links to terrorist organisations, in the Middle East and elsewhere.

http://www.a-cg.org/

Click here for further information

ACG members make the products we use every day. Protection for their investment and creativity supports UK growth and safeguards consumers. Get real - say no to fakes!

7 June 2016

Bearing Effective Negotiation

Effective Negotiation provides a distinctive approach to the task of reaching an agreement through negotiation

Mediators & Conciliators carry huge burdens bordering on success to Supreme Court proceedings that can result with 7 figure plus fees. The Bearing Industry during Arbitrary proceedings with various matters listed for settlement may well be advised to read 'Effective Negotiation' 3rd edition.

And Councillors who take conciliation & mediation seriously will benefit from listening and not ruling when parties are discussing crucial points - they say the best negotiator is the best listener

Drawing on extensive teaching and research experience, author Ray Fells describes the key elements of any negotiation - including reciprocity, trust, power and ethics - and explains the core tasks involved in reaching an agreement: information exchange, solution seeking and concession management.

It covers the mediation process, negotiating on behalf of others and negotiating across cultures, as well as managing negotiations in the workplace and in the business context. This third edition has been thoroughly updated with the latest research and new practical examples, and has a greater focus on how negotiators can develop their personal skills and how, by becoming reflective practitioners, they can manage their negotiations more effectively

http://www.cambridge.org/au/academic/subjects/management/management-general-interest/effective-negotiation-research-results-3rd-edition?format=PB

26 May 2016

Counterfeit Conference at 'CALCE' University of Maryland USA

Major Symposium on Counterfeits is scheduled June 28 2016 at the University of Maryland covering materials & mechanical parts

The trade mix is significant with a full technical program catering most Industries, Governments, Military & Academics and the Bearing Industry at every level invited


?SMTA and CALCE at the University of Maryland, are pleased to announce the program for the Symposium on Counterfeit Parts and Materials to be held on June 28-30, 2016. We have a mix of 25+ talks and panel discussions from government, military, universities, technology start-ups, legal professionals, test laboratories, professional societies, distributors and prime contractors.

View the full program here

Session topics include Counterfeit Detection and Management Standards, Distribution Channels, Future Technologies, Defining Counterfeits, Supply Chain Management, and OEM Issues. Register now as pricing increases after May 30th!


Keynotes

Workshops

8:30 AM - 5:00 PM Implementation Process of SAE 6171 Michael Azarian,CALCE
8:30 AM - 12:30 PM Counterfeit Detection Inspection Techniques Jason Jowers,Velocity
1:00 PM - 5:00 PM Use of Component Documentation and Supply Chain for Counterfeit Avoidance Diganta Das,CALCE


For more information on the conference, exhibition, or sponsorship opportunities, please contact Jenny Ng at 952-920-7682.
For more information on the Technical Program & Workshops, contact the Program Chair, Dr. Diganta Das.

Organized By:



http://www.calce.umd.edu/calce-enews/2016/SymposiumOnCounterfeitPartsAndMaterials2016.htm

SMTA and CALCE at the University of Maryland, are pleased to announce the program for the Symposium on Counterfeit Parts and Materials to be held on *June 28-30, 2016*. We have a mix of 25+ talks and panel discussions from government, military, universities, technology start-ups, legal professionals, test laboratories, professional societies, distributors and prime contractors.

http://www.smta.org/counterfeit/

View the full program here
http://www.calce.umd.edu/symposiums/SCEP2016/SCEP2016.html

Session topics include Counterfeit Detection and Management Standards, Distribution Channels, Future Technologies, Defining Counterfeits, Supply Chain Management, and OEM Issues. Register now as pricing increases after May 30th!
http://www.smta.org/counterfeit/register_now.cfm

*Workshops*
8:30 AM - 5:00 PM Implementation Process of SAE 6171
http://www.calce.umd.edu/symposiums/SCEP2016/workshops/WS1.html Michael Azarian,CALCE
8:30 AM - 12:30 PM Counterfeit Detection Inspection Techniques
http://www.calce.umd.edu/symposiums/SCEP2016/workshops/WS2.html Jason Jowers,Velocity
1:00 PM - 5:00 PM Use of Component Documentation and Supply Chain for Counterfeit Avoidance
http://www.calce.umd.edu/symposiums/SCEP2016/workshops/WS3.html Diganta Das,CALCE

For more information on the conference, exhibition, or sponsorship opportunities, please contact Jenny Ng at 952-920-7682.
For more information on the Technical Program & Workshops, contact the Program Chair, Dr. Diganta Das. Organized By: SMTA CALCE

18 May 2016

StopFakeBearings Image Due for Re-Boot

Over the past 10 years, corruption within the bearing Industry has been largely pointed at members of 'StopFakeBearings cartel' and is overdue for a change of direction to include new members, complete transparency of office bearers, preferably a name change to extinguish the Old from New eg. 'NoFakeBearings', refresh the notorious 'cloak & dagger' operations and late night meetings of the bygone decade

Most bearing operators were tolerant of the old StopFakeBearings members in fear of continuous supply and joined the chorus to please, although widely recognized as illegal.

Unfortunately, this is the reality and will linger on with GOOGLE searches for many years unless changes are made

Bearingcode makes no apologies for allegations to old StopFakeBearing members, and concern remains if there is no adjustment to the continuing corrupt corporate saga. Time has now come to conform to legal practices and Bearingcode is willing to assist in a cooperative manner, however, if there are no changes to the current position regretfully, the Law and various Industry Groups have the ability to prevail


9 May 2016

Bearing Importance to Global Wind Turbine Industry

BearingCode's news update last week illustrated the need for economic protection for Slew Ring Bearings as required by the Wind Turbine Industry; the Schaeffler Group this week published further information to the importance of sophisticated manufacturing requirements for these Bearings. Below is the full exact by Schaeffler and Industry comments from Scottish Turbine manufacturer 'GAIA-WIND'
http://www.gaia-wind.com/



Slewing rings and spherical roller bearings from Schaeffler ensure reliability of Gaia-Wind turbines

A manufacturer of high performance small wind turbines based in Scotland has specified slewing rings and spherical roller bearings from Schaeffler UK for use on its 133 wind turbine – the quietest wind turbine in its class.

Based in Port Dundas, Glasgow in Scotland, Gaia-Wind is a leading manufacturer of high performance, small wind turbines designed for moderate wind speed sites. The turbines are ideally suited to farms, rural properties, businesses and community projects.

Designed in Denmark and manufactured in Scotland, the Gaia-Wind 133 turbine has an oversized rotor, allowing it to capture significantly more energy than similarly rated machines. With more than 1400 installed worldwide, these turbines are the quietest wind turbines in their class and have a long track record of reliability.

Owen Paterson, Operations Manager at Gaia-Wind commented: "We work with Schaeffler as they are recognisably one of the world leaders in bearing technology. Their massive range of applications helps them to understand our particular requirements and to come up with solutions unique to our needs. For many years, Schaeffler has been our first choice due to their ongoing commitment to keep us up-to-date with the latest in technology and their flexibility in delivering against a very demanding and changeable supply requirement."

Schaeffler UK has been working with Gaia-Wind for over five years, supplying precision engineered slewing rings and E1 spherical roller bearings for the 133 turbine.

Slewing rings

In order to optimise operating efficiency, wind turbines need to be aligned to wind conditions. In order to achieve this, the slewing rings (yaw bearings) adjust and optimise the position of the nacelle to the direction of the wind. The wind loads and the dynamic inertia forces are transferred via the bearing raceways and screw connections into the head of the tower.

Schaeffler develops and manufactures slewing rings with outside diameters up to 1,250mm. Due to their design, these slewing rings can transmit radial and axial forces, as well as tilting moments. The slewing rings supplied for the 133 turbine are four-point contact bearings, enabling precise angular adjustment at varying loads.

E1 spherical roller bearings

In a wind turbine, the design of the rotor shaft bearing is critical, as this bearing is directly exposed to the loads and forces induced by the wind. Alternating loads with extreme peaks and troughs, as well as fluctuating operating temperatures represent further challenges to the bearing designer.

Ideal for heavy duty, harsh operating environments and where there is a need to compensate for shaft misalignment, E1 spherical roller bearings from Schaeffler support the main shaft of the 133 turbines. These bearings are double-row, self-contained units that comprise solid outer rings with a concave raceway, solid inner rings and barrel rollers with cages. The inner rings have cylindrical bores and are supplied to be fitted into a housed unit to suit the 133 turbine. The bearings are manufactured to Schaeffler's premium X-life quality standard. The E1 range includes eight bearing series with bore diameters from 20mm up to 1,220mm.

Mike Addington, regional sales engineer (Scotland) at Schaeffler UK commented: "The INA slewing rings and FAG E1 spherical roller bearings are high performance bearings that provide the high quality and reliability that Gaia-Wind requires on its 133 turbine. As well as supplying bearings, Schaeffler UK also provides valuable technical support, advice and guidance to Gaia-Wind, for example, how to simplify and speeding up the assembly procedures at Gaia-Wind by considering alternative designs. Currently, Gaia-Wind is working towards a 20% improvement in the efficiency of its 133 turbine by the year 2020, and we are therefore looking at how Schaeffler's bearing technology can support this requirement."
http://www.schaeffler.co.uk/content.schaeffler.co.uk/en/press/press-releases/press-details.jsp?id=74003200

1 May 2016

Wave Power & Wind Turbine Bearings

Its now widely accepted that Wind Turbines are here to stay and serve an important purpose to Global sustainable energy requirements, but are investments with small returns securely fasten?

The Bearing Industry has made these investments by providing new large style slew-ring bearings critical to the Wind Turbine Industry and viewed as 'hand in glove' manufacturing, sounds good - however the unknown is relative high especially with demand outstripping supply at this point that maybe giving a false impression, lets hope not

Perhaps the same old argument concerning fossil fuel raises its head and while the Auto Industry continues in a static way, give or take legal proceedings with dubious emission control readouts, people still buy vehicles as a necessity with no alternative in sight, the Sustainable Energy Industry has not this luxury therefore cannot provide guarantees

The Wave Power Energy alternative does raises eyebrows this time by the Wind Turbine Industry involvement and should be taken seriously, although funding could be difficult to market the Bank of England. Below are some facts & figures about Wave Power and a great Facebook video if you have time to view

https://www.facebook.com/ScienceNaturePage/videos/818130261652567/

http://www.bluebird-electric.net/wave_power_energy_generation.htm


Large Bearings for Wind Turbines

Unique Slew-Ring bearings are critical for Sustainable Energy requirements, the Industry should be protected


Siemens top US Q1 wind turbine OEM; Vestas, GE dominate orders


Siemens turbines at MidAmerican Energy Company wind farm in Iowa

Siemens was the leading wind turbine OEM in the US market during the first quarter with 306MW of new generation capacity, while Vestas and General Electric dominate for projects under construction for the balance of this year and beyond, the American Wind Energy Association (AWEA) reports.

GE 1.7MW most popular US wind turbine platform


General Electric's 1.7-100 was the most popular US turbine model platform in 2015 with 950 units, as the average rating for 4,304 units installed by all OEMs increased to 2MW, according to data released today by the American Wind Energy Association (AWEA)

Record wind jobs as industry benefits 'all corners of US'


The US wind industry supported a record 88,000 full-time jobs at the end of 2015, surpassing the 85,000 seen in 2008/09, as installed capacity last year rose 77% to 8.598GW from a year earlier, according to data compiled by the American Wind Energy Association (AWEA)

18 April 2016

Bearing Manufacturers Damage Uncontrollable

In another major shock to the Bearing Industry, the PSA Group has publicly announced its determination to route out 'Price Fixers' by setting damages at US$580 Million to convicted Bearing Manufacturers of Stopfakebearings

However, this amount could end up higher than the EU Commission 2014 conviction as many other global verdicts for bearing Price Fixing have since been recorded. The London UK Tribunal may consider these Priors

The need for a concentrated Bearing Governance Code should be now taken seriously, rumors the big USA Auto Makers will file for their share of damages, as with all other global Vehicle Manufacturers. Can bearing producers survive these challenges and who is in Command ? And to those Stopfakebearing manufacturers of Counterfeit conspiracies, many outside institutions are noting their legal position

Move may signal start of a public push-back from automakers


In a rare move, a major global automaker is going public in its claims against bid-rigging suppliers, seeking hundreds of millions of dollars in damages for overpriced parts.

Companies from French automaker PSA Group are demanding the restitution from three Japanese suppliers and two European ones in Britain's Competition Appeal Tribunal.

The claims revolve around purchases of automotive bearings. The PSA Group companies are asking for 507.8 million euros ($579 million) in damages from the suppliers, said a spokesman for one of the defendants, Japanese bearing maker NSK Corp.

Other defendants include NTN Corp. and JTEKT Corp. from Japan, Sweden's AB SKF and Germany's INA-Holding Schaeffler GmbH. Also named are affiliates of NSK and Schaeffler. As a group, they represent the world's biggest automotive bearing makers.

PSA's demand is an unusually public move against suppliers engulfed in a multiyear global cartel crackdown that stretched from the U.S. and the European Union to Japan and beyond.

In the U.S. alone, dozens of parts makers -- mostly Japanese -- have admitted to fixing prices on everything from windshield wipers and seat belts to airbags and steering wheels.

Together, they have paid billions of dollars in fines to regulators. Rounds of civil suits, by dealers and consumers, against the suppliers are just getting started in such countries as the U.S.

But automakers that were overcharged for parts typically have remained low key about the bid-rigging scandal, settling behind closed doors or agreeing to be compensated through future discounting on parts prices. PSA's action shows some may start fighting in the open.

PSA's claim, filed Feb. 26, stems from a March 19, 2014, decision by the European Commission, according to a summary of the claim filed with the Competition Appeal Tribunal.

That decision found that the defendants colluded on the pricing of bearings sold to car, truck and automotive component makers from April 2004 through July 2011, according to the filing.

"They seek compensation reflecting their loss of profits and/or their increased costs of borrowing," the summary says. In NSK's case, the PSA Group contends that purchases from NSK and its subsidiaries accounted for 10 percent of its total bearing purchases, the spokesman added. NSK has not had similar claims filed against it by other customers, he said.

NSK declined to comment on next steps, saying the claim was ongoing.


EU antitrust watchdog fines: Schaeffler, SKF and three others $1.3 billion


China:Japanese Bearing supplier hit by record fines


Plans 2bln Asset Disposal: Peugeot FY11 net profit fall

11 April 2016

Peugeot S.A. & Others -v- Bearing Manufacturers: ORDER (Procedural)

Below is the Order by Peter Freeman CBE QC (Hon) Chairman of the Competition Appeal Tribunal in London UK and a copy can also viewed:

http://www.catribunal.org.uk/files/1248_Peugeot_Order_070416.pdf


IN THE COMPETITION Case No: 1248/5/7/16

APPEAL TRIBUNAL UNITED KINGDOM

PEUGEOT S.A. AND OTHERS
Claimants

-v-

(1) NSK LTD.
(2) NSK EUROPE LTD.
(3) NTN CORPORATION
(4) JTEKT CORPORATION
(5) AB SKF
(6) INA-HOLDING SCHAEFFLER GMBH & CO. KG
(7) SCHAEFFLER HOLDING GMBH & CO. KG
(8) SCHAEFFLER AG
Defendants

ORDER

UPON the Claimants and the Fifth Defendant having agreed to the terms of this Order

IT IS ORDERED THAT:

1. In relation to the Claimants' claim against the Fifth Defendant, the time period within which the Fifth Defendant must file and serve its Defence or any application pursuant to Rule 34(1)(b) of the Tribunal's Rules be extended until 1 July 2016 (the "Extension").

2. Either party may apply to the Tribunal to vary the terms of this Order before the expiry of the Extension, subject to giving prior written notice to the other party.

3. Where written notice is given pursuant to paragraph 2 above prior to 3 June 2016, the Fifth Defendant shall serve its Defence or any application pursuant to Rule 34(1)(b) of the Tribunal's Rules no later than 28 days after the date on which written notice is given. The Extension is without prejudice to the Fifth Defendant's rights to:
a. make any application pursuant to Rule 34(1)(b) of the Tribunal's Rules; and/or
b. apply to strike out all or part of the Claimants' claim.

4. There be no order as to costs.

Peter Freeman CBE QC (Hon)
Chairman of the Competition Appeal Tribunal Made: 7 April 2016

5 April 2016

Giant Leak of Financial Records, Good Bad, Corrupt or Not?

A massive leak of documents exposes the offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies.

The leak also provides details of the hidden financial dealings of 128 more politicians and public officials around the world.

The cache of 11.5 million records shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars.

These are among the findings of a yearlong investigation by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other news organizations.

The files expose offshore companies controlled by the prime ministers of Iceland and Pakistan, the king of Saudi Arabia and the children of the president of Azerbaijan.

They also include at least 33 people and companies blacklisted by the U.S. government because of evidence that they'd been involved in wrongdoing, such as doing business with Mexican drug lords, terrorist organizations like Hezbollah or rogue nations like North Korea and Iran.

One of those companies supplied fuel for the aircraft that the Syrian government used to bomb and kill thousands of its own citizens, U.S. authorities have charged.

"These findings show how deeply ingrained harmful practices and criminality are in the offshore world," said Gabriel Zucman, an economist at the University of California, Berkeley and author of "The Hidden Wealth of Nations: The Scourge of Tax Havens." Zucman, who was briefed on the media partners' investigation, said the release of the leaked documents should prompt governments to seek "concrete sanctions" against jurisdictions and institutions that peddle offshore secrecy.


Chinese President Xi Jinping and British Prime Minister David Cameron. Photo: UK Government / Georgina Coupe

World leaders who have embraced anti-corruption platforms feature in the leaked documents. The files reveal offshore companies linked to the family of China's top leader, Xi Jinping, who has vowed to fight "armies of corruption," as well as Ukrainian President Petro Poroshenko, who has positioned himself as a reformer in a country shaken by corruption scandals. The files also contain new details of offshore dealings by the late father of British Prime Minister David Cameron, a leader in the push for tax-haven reform.

The leaked data covers nearly 40 years, from 1977 through the end of 2015. It allows a never-before-seen view inside the offshore world - providing a day-to-day, decade-by-decade look at how dark money flows through the global financial system, breeding crime and stripping national treasuries of tax revenues.

Most of the services the offshore industry provides are legal if used by the law abiding. But the documents show that banks, law firms and other offshore players have often failed to follow legal requirements that they make sure their clients are not involved in criminal enterprises, tax dodging or political corruption. In some instances, the files show, offshore middlemen have protected themselves and their clients by concealing suspect transactions or manipulating official records.

The documents make it clear that major banks are big drivers behind the creation of hard-to-trace companies in the British Virgin Islands, Panama and other offshore havens. The files list nearly 15,600 paper companies that banks set up for clients who want keep their finances under wraps, including thousands created by international giants UBS and HSBC.

The records reveal a pattern of covert maneuvers by banks, companies and people tied to Russian leader Putin. The records show offshore companies linked to this network moving money in transactions as large as $200 million at a time. Putin associates disguised payments, backdated documents and gained hidden influence within the country's media and automotive industries, the leaked files show.

A Kremlin spokesman did not answer questions for this story, but instead went public March 28 with charges that ICIJ and its media partners were preparing a misleading "information attack" on Putin and people close to him.

The leaked records - which were reviewed by a team of more than 370 journalists from 76 countries - come from a little-known but powerful law firm based in Panama, Mossack Fonseca, that has branches in Hong Kong, Miami, Zurich and more than 35 other places around the globe.

The firm is one of the world's top creators of shell companies, corporate structures that can be used to hide ownership of assets. The law firm's leaked internal files contain information on 214,488 offshore entities connected to people in more than 200 countries and territories. ICIJ will release the full list of companies and people linked to them in early May.

The data includes emails, financial spreadsheets, passports and corporate records revealing the secret owners of bank accounts and companies in 21 offshore jurisdictions, from Nevada to Singapore to the British Virgin Islands.


Files show a number of luxury yachts bought and sold through offshore companies. Photo: Twiga269 / Flickr

Mossack Fonseca's fingers are in Africa's diamond trade, the international art market and other businesses that thrive on secrecy. The firm has serviced enough Middle East royalty to fill a palace. It's helped two kings, Mohammed VI of Morocco and King Salman of Saudi Arabia, take to the sea on luxury yachts.

In Iceland, the leaked files show how Prime Minister Sigmundur David Gunnlaugsson and his wife secretly owned an offshore firm that held millions of dollars in Icelandic bank bonds during that country's financial crisis.

The files include a convicted money launderer who claimed he'd arranged a $50,000 illegal campaign contribution used to pay the Watergate burglars, 29 billionaires featured in Forbes Magazine's list of the world's 500 richest people and movie star Jackie Chan, who has at least six companies managed through the law firm. As with many of Mossack Fonseca's clients, there is no evidence that Chan used his companies for improper purposes. Having an offshore company isn't illegal. For some international business transactions, it's a logical choice.

The Mossack Fonseca documents indicate, however, that the firm's customers have included Ponzi schemers, drug kingpins, tax evaders and at least one jailed sex offender. A U.S. businessman convicted of traveling to Russia to have sex with underage orphans signed papers for an offshore company while he was serving his prison sentence in New Jersey, the records show.

The files contain new details about major scandals ranging from England's most infamous gold heist to the bribery allegations convulsing FIFA, the body that rules international soccer.

The leaked documents reveal that the law firm of Juan Pedro Damiani, a member of FIFA's ethics committee, had business relationships with three men who have been indicted in the FIFA scandal — former FIFA vice president Eugenio Figueredo and Hugo and Mariano Jinkis, the father-son team accused of paying bribes to win broadcast rights to Latin American soccer events. The records show that Damiani's law firm in Uruguay represented an offshore company linked to the Jinkises and seven companies linked to Figueredo.

In response to the reporting by ICIJ and its media partners, FIFA's ethics panel has launched a preliminary investigation into Damiani's relationship to Figueredo. A spokesman for the committee said Damiani first informed the panel about his business ties to Figueredo on March 18. That was one day after the reporting team sent questions to Damiani about his law firm's work for companies tied to the former FIFA vice president.


Argentine soccer player Lionel Messi. Photo: Shutterstock / CP DC Press

The world's best soccer player, Lionel Messi, is also found in the documents. The records show Messi and his father were owners of a Panama company: Mega Star Enterprises Inc. This adds a new name to the list of shell companies known to be linked to Messi. His offshore dealings are currently the target of a tax evasion case in Spain.

Whether they're famous or unknown, Mossack Fonseca works aggressively to protect its clients' secrets. In Nevada, the records show, the law firm tried to shield itself and its clients from the fallout from a legal action in U.S. District Court by removing paper records from its Las Vegas branch and having its tech gurus wipe electronic records from phones and computers.

The leaked files show the firm regularly offered to backdate documents to help its clients gain advantage in their financial affairs. It was so common that in 2007 an email exchange shows firm employees talking about establishing a price structure — clients would pay $8.75 for each month farther back in time that a corporate document would be backdated.

In a written response to questions from ICIJ and its media partners, the firm said it "does not foster or promote illegal acts. Your allegations that we provide shareholders with structures supposedly designed to hide the identity of the real owners are completely unsupported and false."

The firm added that the backdating of documents "is a well-founded and accepted practice" that is "common in our industry and its aim is not to cover up or hide unlawful acts."

The firm said it couldn't answer questions about specific customers because of its obligation to maintain client confidentiality.

The law firm's co-founder, Ramón Fonseca, said in a recent interview on Panamanian television that the firm has no responsibility for what clients do with the offshore companies that the firm sells. He compared the firm to a "car factory" whose liability ends once the car is produced. Blaming Mossack Fonseca for what people do with their companies would be like blaming a carmaker "if the car was used in a robbery," he said.

Under scrutiny

Until recently, Mossack Fonseca has largely operated in the shadows. But it has come under growing scrutiny as governments have obtained partial leaks of the firm's files and authorities in Germany and Brazil began probing its practices.

In February 2015, Süddeutsche Zeitung reported that German law-enforcement agencies had launched a series of raids targeting one of the country's biggest banks, Commerzbank, in a tax-fraud investigation that authorities said could lead to criminal charges against Mossack Fonseca employees.

In Brazil, the law firm has become a target in a bribery and money laundering investigation dubbed "Operation Car Wash" ("Lava Jato," in Portuguese), which has led to criminal charges against leading politicians and an investigation of popular former president Luiz Inacio Lula da Silva. The scandal threatens to unseat current President Dilma Rousseff.


Employees of Mossack Fonseca were among those arrested by Brazilian police as part of Operation Car Wash. Image: RedeTV

In January, Brazilian prosecutors labeled Mossack Fonseca as a "big money launderer" and announced they had filed criminal charges against five employees of the firm's Brazilian office for their role in the scandal.

Mossack Fonseca denies any wrongdoing in Brazil.

The disclosures found inside the law firm's leaked files dramatically expand on previous leaks of offshore records that ICIJ and its reporting partners have revealed in the past four years.

In the largest media collaboration ever undertaken, journalists working in more than 25 languages dug into Mossack Fonseca's inner workings and traced the secret dealings of the law firm's customers around the world. They shared information and hunted down leads generated by the leaked files using corporate filings, property records, financial disclosures, court documents and interviews with money laundering experts and law-enforcement officials.

Reporters at Süddeutsche Zeitung obtained millions of records from a confidential source and shared them with ICIJ and other media partners. The news outlets involved in the collaboration did not pay for the documents.

Before Süddeutsche Zeitung obtained the leak, German tax authorities bought a smaller set of Mossack Fonseca documents from a whistleblower, a move that triggered the raids in Germany in early 2015. This smaller set of files has since been offered to tax authorities in the United Kingdom, the United States and other countries, according to sources with knowledge of the matter.

The larger set of files obtained by the news organizations offers more than a snapshot of one law firm's business methods or a catalog of its more unsavory customers. It allows a far-reaching view into an industry that has worked to keep its practices hidden — and offers clues as to why efforts to reform the system have faltered.

The story of Mossack Fonseca is, in many ways, the story of the offshore system itself.


Close allies of Russian President Vladimir Putin make extensive use of offshore holdings to shuffle large sums of money. Photo: AP Photo / Krill Kudryavtsev



Iceland Prime Minister Sigmundur David Gunnlaugsson and his wife Anna Sigurlaug Pálsdóttir.

23 March 2016

NTN Bearings Notice Of Judgment For Appeal To Anti-Monopoly Act On Bearings

NTN Bearings advises that on March 22, 2016, Tokyo High Court affirmed the judgment of Tokyo District Court for violation of the Japan Anti-monopoly Act with respect to domestic sales of bearings. NTN Bearings filed an appeal to the Supreme Court on the same day.

Four years ago, NTN Bearings and former executives received an indictment filed by the Tokyo District Prosecutors Office ('TDPO') on suspicion of the above violation. February 2015, NTN Bearings were then sentenced to a monetary penalty by Tokyo District Court.

In addition, two NTN former executives were sentenced to prison with a stay of execution. Reiterating, NTN Bearings and the two former executives of NTN immediately appealed.

NTN Bearings defense alledge that during the first and second instance the assertions claim by the TDPO and fact findings from Tokyo District Court were greatly different from NTN's alleged view of the facts. NTN Bearings states they were disappointed to receive the above decision from Tokyo High Court and lodged an immediate appeal

NTN Bearings states: "We will present their documents of facts to the Supreme Court. At the same time, NTN will continue promoting business activities through fair and faithful competition by continuing to strengthen globally our system for thorough compliance with laws and regulations, social norms, ethics, and in-house rules"

Original Document:http://www.ntn.co.jp/english/news/press/news201600015.html


Latest Bearing Corruption News:
Further allegations of corruption against NTN Bearings filed by the European PSA Auto group for damages from the Price Fixing decision by EU Commissioners in 2014. This Case will be conducted in London UK conjointly with NTN partners SKF SCHAEFFLER NSK KOYO NACHI 'Stopfakebearings' - concurrently, they have received 59 Convictions for corruption globally


11 March 2016

SKF Receives Legal Writ - Damages to Auto Group, Peugeot & Others (PSA)

Sweden's SKF Industries, yesterday received EU legal documents seeking damages by several Auto Manufacturers including from Peugeot PSA & Others for the 2014 Price Fixing conviction from EU Commission Belgium.

Its expected that SKF partners includes SCHAEFFLER NTN NSK KOYO NACHI will be issued with the same EU Lawsuit Claim.

Schaeffler Germany is the only bearing manufacturer to adopt a forecast allowance of US$230 Million for such damages, however SKF appear in denial but could expect a similar amount of around US$200 Million, while NTN could face the largest damages for a Japanese bearing corporation

Bearing history behind these damage claims stem from 25 years of Price Fixing by SKF and Partners and can be traced from late 1991. In 2002 the French Courts found SKF and other bearing companies guilty and convicted them with a 19 million euros penalty, a EU record at the time

"French Government Fines Four Bearing Manufacturers $19 Million for Price Fixing"

The French Conseil de la Concurrence, or Competition Council, has fined four bearing manufacturers a total of € 19 million (USD $18.7 million). SKF, INA, FAG and SNR were charged with price fixing and collusion in setting French wholesale prices and discount structures during 1993 and 1997.

Hardest hit was SKF France, a subsidiary of SKF AB (Sweden) with a € 7.9 million ($7.8 million) fine.

SNR Roulements (France) was fined € 6.6 million ($6.5 million).

INA Holdings Schaeffler KG (Germany) was fined a total of € 4 million ($4 million), which includes a fine for recently-acquired FAG Kugelfischer Georg Schaefer AG (Germany).

Then follows the 2014 EU Conviction to the same bearing corporations a massive €953 million penalty, followed by 12 other Countries with Fines, Jail, Indictments & 59 Convictions in total.
(SEE BELOW FOR DETAILS)

SKF Denies Top Management Knowledge

Yesterdays media release by SKF states in kind: "no knowledge of involvement by SKF top management" is rather difficult to believe, bordering on 'Alice in Wonderland'

For 25 years of Price Fixing, global convictions, with penalties that could feed a 3rd world country, such suggestions that SKF Top Management was not involved is outrageous or as one pundit said "its a similar case to the Captain of Concordia"


SKF 2016 European lawsuit

Quote

SKF has been informed of the initiation of a lawsuit, with a claim for damages, by Peugeot S.A., and several group companies, (PSA) against bearing manufacturers, including AB SKF, that were part of the settlement decision by the European Commission for violation of European competition rules

PSA has filed the lawsuit with the Competition Appeal Tribunal in the United Kingdom. SKF has not, at this stage, received definitive information about the size of damages claimed nor the timetable of the process initiated in the Tribunal

The amount of damages, if any, should SKF be found liable, is at this stage not possible to determine.

The decision by the European Commission in March 2014 covered violations of European competition rules with respect to sales of bearings to the automotive manufacturing industry in Europe. SKF was one of six bearing manufacturers involved in the investigation.

The settlement decision made no finding that SKF's top management had involvement in, or knowledge of, the conduct at issue. Furthermore, SKF strongly believes that the activities sanctioned by the European Commission have not caused any damage to its business partners.

http://www.skf.com/se/news-and-media/news-search/2016-mar-09-SKF-har-informerats-om-inledande-av-domstolsprocess-med-anledning-av-uppgorelse-med-EU-kommissionen-2138084.html
Aktiebolaget SKF - Sweden March 10, 2016

http://ec.europa.eu/competition/antitrust/cases/dec_docs/39922/39922_2067_2.pdf
http://europa.eu/rapid/press-release_IP-14-280_en.htm

European Commission

Press release
Brussels, 19 March 2014

Antitrust: Commission fines producers of car and truck bearings € 953 million in cartel settlement

The European Commission has found that two European companies (SKF and Schaeffler) and four Japanese companies (JTEKT, NSK, NFC and NTN with its French subsidiary NTN-SNR) operated a cartel in the market for automotive bearings. The Commission has imposed fines totalling € 953 306 000. Automotive bearings are used by car, truck and car part manufacturers to reduce friction between moving parts inside a vehicle.

Cars and trucks contain numerous bearings, for example wheel bearings, bearings for gearbox, transmission, alternator or air conditioning systems. The companies colluded to secretly coordinate their pricing strategy vis-à-vis automotive customers for more than seven years, from April 2004 until July 2011, in the whole European Economic Area (EEA).

Japanese company JTEKT was not fined as it benefited from immunity under the Commission's 2006 Leniency Notice for revealing the existence of the cartel to the Commission. NSK, NFC, SKF and Schaeffler received reductions of their fines for their cooperation in the investigation under the Commission's leniency programme. Since all companies agreed to settle the case with the Commission, their fines were further reduced by 10%.

Commission Vice President in charge of competition policy, Joaquín Almunia, said: "Today's decision is a further milestone in the Commission's ongoing effort to bust cartels in the markets for car parts, after the sanctions we imposed on producers of electric wires and of foam used in car seats. It is incredible to see that one more car component was cartelised. I hope the fines imposed will deter companies from engaging in such illegal behaviour and help restore competition in this industry. If left unchallenged, cartels for car parts might impair the competitiveness of the automotive sector and artificially raise the price paid by European consumers who buy cars."

Automotive bearings are usually customer-specific products. To select their suppliers, customers (i.e. car, truck or car part manufacturers) generally issue Requests for Quotations. The whole selection process may last several months to one year. Customers often request yearly discounts from the bearings suppliers, usually referred to as Annual Price Reduction requests, to reflect yearly production efficiencies over the course of the contract.

The companies involved in this secret cartel coordinated the passing-on of steel price increases to their automotive customers, colluded on Requests for Quotations and for Annual Price Reductions from customers and exchanged commercially sensitive information. This occurred through multi-, tri- and bilateral contacts. The size of the EU market for automotive bearings is estimated to be at least € 2 billion a year.

The decision is part of a major investigative effort into suspected cartels in the sector of car parts. The Commission already found cartels for wire harnesses in cars (IP/13/673) and for flexible foam used in car seats (IP/14/88). The Commission is investigating more products, such as airbags, safety belts and steering wheels (see MEMO/11/395), air conditioning and engine cooling products (see MEMO/12/563) and lighting systems.

Fines

The total fines imposed are as follows:

Reduction under the
Leniency Notice
Reduction under the
Settlement Notice
Fine (€)
JTEKT (Japan) 100% 10% 0
NSK (Japan) 40% 10% 62 406 000
NFC (Japan) 30% 10% 3 956 000
SKF (Sweden) 20% 10% 315 109 000
Schaeffler (Germany) 20% 10% 370 481 000
NTN (Japan) 10% 201 354 000
Total 953 306 000

The fines were set on the basis of the Commission's 2006 Guidelines on fines (see IP/06/857 and MEMO/06/256).

In setting the level of fines, the Commission took into account the companies' sales of the products concerned, the serious nature of the infringement, its geographic scope and its duration.

JTEKT received full immunity for revealing the existence of the cartel and thereby avoided a fine of € 86 037 000 for its participation in the infringement.

NSK, NFC, SKF and Schaeffler benefited from reductions of fines under the 2006 Leniency Notice for their cooperation. The reductions reflect the timing of their cooperation and the extent to which the evidence they provided helped the Commission to prove the existence of the cartel.

Moreover, under the Commission's 2008 Settlement Notice, the Commission reduced the fines imposed on all the companies by 10% as they acknowledged their participation in the cartel and their liability in this respect.

Background

Automotive bearings are bearings supplied to automotive Original Equipment Manufacturers ("OEMs"), which are car, truck and automotive component manufacturers (together also referred to as "automotive customers"). Bearings are machine parts with rolling elements used in rotating parts to reduce friction and are used in several distinct car parts.

The Commission's investigation started with unannounced inspections in November 2011 (see MEMO 11/766).

More information on this case will be available under the case number 39922 in the public case register on the Commission's competition website, once confidentiality issues have been dealt with. For more information on the Commission's action against cartels, see its cartels website.

The settlement procedure

Today's decision is the twelfth settlement decision since the introduction of the settlement procedure for cartels in June 2008 (see IP/08/1056 and MEMO/08/458). Under a settlement, companies that have participated to a cartel acknowledge their participation in the infringement and their liability for it. The settlement procedure is based on the Antitrust Regulation 1/2003 and allows the Commission to apply a simplified procedure and thereby reduce the length of the investigation. This is good for consumers and for taxpayers as it reduces costs; good for antitrust enforcement as it frees up resources to tackle other suspected cases; and good for the companies themselves that benefit from quicker decisions and a 10% reduction in fines.

The Commission previously reached settlements with participants in cartels for DRAMs (see IP/10/586), animal feed phosphates (see IP/10/985), washing powder (see IP/11/473), glass for cathode ray tubes (see IP/11/1214), compressors for fridges (see IP/11/1511), water management products (see IP/12/704), wire harnesses (see IP/13/673), Euro interest rate derivatives and Yen interest rate derivatives (see IP/13/1208), PU Foam (see IP/14/88) and Power Exchanges (see IP/14/215).

Action for damages

Any person or firm affected by anti-competitive behaviour as described in this case may bring the matter before the courts of the Member States and seek damages. The case law of the Court and Council Regulation 1/2003 both confirm that in cases before national courts, a Commission decision is binding proof that the behaviour took place and was illegal. Even though the Commission has fined the companies concerned, damages may be awarded without these being reduced on account of the Commission fine.

In June 2013, the Commission proposed a Directive that aims at making it easier for victims of anti-competitive practices to obtain such damages (see IP/13/525 and MEMO/13/531). More information on antitrust damages actions, including a practical guide on how to quantify the harm typically caused by antitrust infringements, the public consultation and a citizens' summary, is available at:http://ec.europa.eu/competition/antitrust/actionsdamages/documents.html

7 March 2016

SKF Counterfeiting 'Alice In Wonderland'

With many global fake claims of Counterfeit bearings particularly by SCHAEFFLER SKF & STOPFAKEBEARINGS its 'little wonder' the bearing industry spins out of control.


The 25 February 2016 counterfeit claim by SKF in INDIA can only be viewed as skeptical. The claim is ambiguous and without vital information eg. Police report, legal defense & proceedings, DNA forensic analysis or independent bearing consultants examination. Can this be another case of

"IT COULD ONLY HAPPEN IN INDIA"

India's last reported fake bearing claim was Schaefflers false news article July 2015 Comments by Schaeffler quote:

"Careful Planning and Observation"
http://stopfakebearings.com/news/2015/07/counterfeit-fag-rolling-bearings-and-packaging-brought-to-light-by-raids-in-mumbai-2/

"The INDIAN dealers of fake ball bearings caught in the raid in Broadway"
Chennai Feb 26, 2016: The Central Crime Branch of Greater Chennai Police on Thursday busted a fake ball bearing racket operating out of Broadway. They seized Rs 3 crore worth fake ball bearings which were being sold under the brand name of the Swedish firm SKF.

http://www.dtnext.in/News/City/2016/02/25234516/Ball-bearing-racket-worth-Rs-3-cr-busted-at-Broadway.vpf

Making a false or misleading claim is a global Federal Offense with penalties increasing for 2016 https://www.justice.gov/opa/pr/justice-department-recovers-nearly-6-billion-false-claims-act-cases-fiscal-year-2014

"The largest recoveries for US False & Misleading crime were connected with government contracts, which totaled $1.1 billion. The government contracts outside companies to provide food, clothes and equipment for military personnel; manufacture military aircraft, ships and weapons systems; and provide everything that is needed to fund myriad government programs"
http://legalnewsline.com/stories/510658831-false-claims-act-penalties-increasing-in-2016

Schaeffler & SKF False Counterfeit Claim - Germany SKF False Counterfeit Claim - Czech Republic STOPFAKEBEARING False Counterfeits Claim - Germany
22 February 2016

BearingNet Transparency Requirement - Germany

For many years, over 1500 Independent Bearing Distributors have downloaded their stocks to Bearingnet UK computer programming systems allowing access to other Bearingnet members to trade freely from 'Big Brother' - meaning private joy from SKF and other intrusive manufacturers, advertised by Bearingnet's slogan "The Distributor Network"

Bearingnet is not a trader of Bearings, acts as a Computer enterprise company offering programming to Bearing Traders

In 2015, Bearingnet was sold to the corrupt Stopfakebearing Manufacturers and confirmed by BEARINGCODE, however no acknowledgement advising any independent distributor of Ownership change in particular to SKF and Co manufacturers. There is a statute obligation, but more importantly a deception created albeit morally corrupt; with distributor private business records exposed, goodwill damaged, client-customer relations compromised and programming infiltrated without members approval

Corruption is abhorrent to our Bearing Industry, we have suffered badly by 'stopfakebearing' member Convictions and without safe guards from Corporate Governance for Transparency, Bearingnet is now alleged for selling secret business programming to a criminal enterprise for profit and without member consultation

New owners of Bearingnet are again requested to announce confirmation of this 'Change of Ownership' at the 'Bearingnet forum' Hamburg meeting commencing 3 March 2016 and postscript these changes to Bearingnet's site http://www.bearingnet.net without further notice

Hamburg Germany 3 - 5 March 2016
http://www.bearingnet.net/events/Hamburg2016.aspx

MEETING DETAILS - as of 22 February 2016
389 Delegates
189 Companies
34 Countries - Low global participation
Little representation from - USA Canada China Russia Asia India or Middle East
No representatives from - South America Australia Africa Japan Korea Singapore Hong Kong Indonesia Thailand Automotive

14 February 2016

Bearing Cross Roads With International Forums

For many years the Bearing Industry, considered a standard bearer for global correctness and ethical behavior having recognition by stock markets as 'Bell Weather' status, lost credibility from recent Corruption with the possibility of more Anti-Trust proceedings in 2016.

Bearingcode has been a strong opponent to all forms of corruption and where possible listed the areas of bearing crime .Likewise, Vestas Wind Turbines a supporter for Anti-Trust regulation has installed strict guidelines for Suppliers with a commitment to global sustainability

The combination of United Nations and major Anti-Corruption agencies eg. World Economic Forum, International Chamber of Commerce have endorsed the leading business voice "Partnering Against Corruption Initiative" PACI to build foundations for industry Transparency

Partnering Against Corruption Initiative - PACI

PACI has become the leading business voice on anti-corruption and transparency. It is one of the Forum's strongest cross-industry collaborative efforts and is creating a highly visible, agenda-setting platform by working with business leaders, international organizations and governments to address corruption, transparency and emerging-market risks. Under the leadership of PACI Vanguard CEOs, the community is expanding rapidly and now focuses on implementing a global anti-corruption agenda.

Driven by identified needs and interests of PACI Member companies, PACI undertakes initiatives to address industry, regional, country or global issues in anti-corruption and compliance.

Regional Initiatives – High-level business-government-civil society meetings are held across emerging and high-growth markets on the key drivers of corruption and emerging trends that support the fight against corruption. In 2014, strategic dialogues on anti-corruption were held in the Philippines and Nigeria; and at a special session at the India Economic Summit linked to the PACI Vanguard agenda.

Industry Projects – Collective Action in the Infrastructure and Real Estate Industries: An in-depth review of corruption and transparency challenges in the infrastructure and real estate industries through a dialogue series and supporting risk analysis. The objective of this multi-year collaborative project (currently Building Foundations for Transparency) is to achieve CEO-level commitment to a mutually developed framework for collective action on sector-specific priorities.

Global Agenda Council on Transparency & Anti-Corruption
In the 2014-2016 term, the Global Agenda Council on Transparency & Anti-Corruption will support large-scale transformation by identifying and advancing the core levers of change, such as B20 collective action hubs, and harmonizing legal framework to design corruption out of the system at global, regional and industry levels. The council will continue its efforts through focused workstreams to increase awareness and greater public education on this issue through social media, educational programmes and other mechanisms. For more information about the council, visit the webpage here.

B20 Task Force on Anti-Corruption
This year the B20 Turkey continued to focus on priority areas pursued under the Australian presidency of 2014 to reflect the Turkish G20 presidency's focus on boosting economic growth and creating jobs. Anti-corruption is one of those priority areas and the Turkish B20 presidency decided to dedicate a separate task force for anti-corruption. The Anti-Corruption Task Force (ACTF) has more than 70 members who are mostly senior executives from business, business associations and professional services firms. The ACTF is also assisted by EY as Knowledge Partner and the World Economic Forum and International Chamber of Commerce (ICC) as Network Partners. The membership is broadly representative of the G20 countries.
PACI, curates the body of knowledge generated from the B20 either through industry-specific projects or through the Global Agenda Council on Transparency & Anti-Corruption and incubates some of the most forward-looking projects that the community could implement while strengthening relationships with other, highly reputable organizations through public-private cooperation.

Objectives

The aims of the initiative are to:
  • Support corporate citizenship and set the global agenda through the PACI Vanguard, a CEO-driven anti-corruption community of purpose
  • Form targeted industry/regional/country initiatives and collective action projects supported by the PACI Community and the PACI Task Force
  • Support large-scale transformation in the transparency and anti-corruption arena by identifying and advancing the core levers of transformation, such as B20 collective action hubs, harmonizing legal frameworks, and designing efforts to increase public awareness on corruption.

Contact

For more information about becoming a member of PACI please refer to the PACI Membership application form that can be found here or contact a member of the PACI team at paci@weforum.org

VESTAS Wind Turbine Denmark - Commitment with PACI

https://www.vestas.com/en/about/sustainability#!anti-corruption

Vestas is a signatory to the United Nations Global Compact and World Economic forums Partnering Against Corruption Initiative. These commitments support our intent to power sustainability, both within the organization and beyond.

The commitments are reflected in the sustainability policies. For instance, policies on human rights and freedom of association have been embedded to enforce human rights practices and ethical behaviour in the business.

In order to meet the standards of conduct we set for ourselves and our business partners, we seek continuous improvements within business ethics and have specific areas of focus. These include revising our Code of Conduct, strengthening our third party programme and raising awareness of our EthicsLine. During 2015 we have also undertaken a bribery risk assessment to ensure that bribery and corruption risks are understood and appropriately managed.

Code of Conduct         UN Global Compact
6 February 2016

Wind Turbine Bearings Report - Claim to Reach Global Sales $7.8 billion by 2020


Disclaimer: Sustainable Energy Reports released by private marketing research companies are for profit and subjective. Contents are not certified by government departments or contain industry recommendations


(http://www.researchandmarkets.com/research/3445z9/global_wind) has announced the addition of the "Global Wind Turbine Bearings Market - Growth Trends and Forecasts (2015-2020)" report to their offering.

Wind power generation has been a proven technology and emits no carbon dioxide. It has gained widespread acceptance as the cleanest and most environmentally friendly form of energy. The increasing reliability of the system, especially the wind turbine, while reducing the operating expenditure remains a challenge in the wind power industry.

Bearings are one of the most important components of wind turbines and require designs that optimize reliability and economic efficiency while taking into account the characteristics of the applications. Bearings in wind turbines are subjected to extreme operational environments in terms of temperature, load fluctuation, maintenance access and lubricant optimization. As rotor diameters increase, the bearings becomes even more critical.

This market is driven by a number of factors, such as the large number of ongoing projects and innovations in the wind power generation sector along with the growing demand for efficient wind turbine components, especially the growth in emerging economies in Asia-Pacific, with India and China being the key drivers.

However, the wind turbine bearing market faces certain drawbacks, such as high initial investments, complex manufacturing methods, and with a few ecological concerns of wind power such as land use and wildlife habitat. These factors may act as a roadblock to the growth of the market.

Companies Mentioned:

  • ZWZ
  • ZYS Luoyang LYC Bearing
  • Zhejiang Tianma Bearing
  • DYZV
  • SKF Sweden
  • TIMKEN
  • Xibei Bearing
  • Rothe Erde
  • NSK
  • Schaeffler Group
  • Rollix
  • Kaydon
Key Topics Covered:
1. Introduction
2. Key Deliverables of the Study
3. Executive Summary
4. Research Methodology
5. Markets Covered
6. Market Overview
7. Market Dynamics
8. Global Wind turbine bearings Manufacturing Industry value Chain Analysis
9. By Application
10. By deployment
11. By turbine capacity
12. By Geography
13. Key Company Analysis
14. Competitive Landscape
For information: http://www.researchandmarkets.com/research/3445z9/global_wind.
2 February 2016

Year Bearing the Lucky Monkey

The University of Maryland USA, founder of CALCE "Center for Advanced Life Cycle Engineering "www.calce.umd.edu has been successful in bringing together many large corporations from various Industries worldwide. Commencing with Electronic counterfeit problems, CALCE gained valuable academic expertise to join with Governments in offering programs for the Bearing, Turbine and Sustainable Energy Industries

The launching of new programs and conferences in 2015 particularly for Wind Turbines continues in 2016 by highlighting an ASIAN influence welcoming the Chinese New Year of the 'Monkey' February 6-9, 2016, considered the luckiest

CALCE's clients include ABB (Switzerland), Amkor, Apple, Bosch, Dell, Ericsson (Sweden), Flextronics, Intel, Honeywell, Infineon, Kimball Electronics, LG, Lockheed Martin, Microsemi, NASA Goddard Space Flight Center, Oracle, Samsung Electronics (Korea), Seagate Technology, Sun Microsystems, U.S. Army Research Lab, and U.S. Army Materiel Systems Analysis Activity (AMSAA).

"The world needs both basic research to advance knowledge, as well as translational efforts to turn discoveries and scholarship into lasting social and economic impact"
- Wallace D. Loh, President, University of Maryland

calce/eNews
In this Issue

Approach to Assess Intermittent Failures in Electronics

Intermittent Failures in Automobiles

Intermittent Failures in Avionics

Intermittent Failures in Software

Methods to Analyze No-Fault-Found Failures

Selected CALCE Intermittent Failure Research Publications

Message from the Director: Addressing Intermittent/No-Fault-Found Failures

A product is considered to have failed if it does not perform its intended function in an application environment for the intended life of the product. A failure can be identified and prevented from recurring by determining the failure mode, which is the visible failure outcome, and the failure mechanism, such as a chemical reaction, mechanical stress, or electrical surge. In some cases a failure occurs and remains only for a limited period of time, and subsequently the system recovers to its healthy state. In such scenarios the failure is neither visible nor repeatable and thus cannot be attributed to any particular mechanism and location. These failures are called intermittent failures or malfunctions. They are also referred to as "trouble not identified" (TNI), "no trouble found" (NTF), "cannot duplicate" (CND), "re-test ok" (RTOK), and "no-fault-found" (NFF) failures.

An NFF situation can cause serious problems in safety-critical industries such as aerospace and transportation. A potentially faulty electronic system in the field can compromise the reliability and safety of systems. The engineering specifications of such critical systems should specify the worst-case operating conditions and be backed by tests conducted to assess all combinations of worst-case applications and environments. It is strongly recommended that IEC Standard 60134 be followed and applied to all electronic products that have requirements for drivability, emissions, or safety. Intermittent failures can be captured through physics-of-failure-based qualification and are discussed in JEDEC Standards JESD 94 and JESD 47.

CALCE has strong ties with the global electronics industry in addressing reliability issues and developing standard test procedures to account for failures that can be encountered during field operation. CALCE's clients include ABB (Switzerland), Amkor, Apple, Bosch, Dell, Ericsson (Sweden), Flextronics, Intel, Honeywell, Infineon, Kimball Electronics, LG, Lockheed Martin, Microsemi, NASA Goddard Space Flight Center, Oracle, Samsung Electronics (Korea), Seagate Technology, Sun Microsystems, U.S. Army Research Lab, and U.S. Army Materiel Systems Analysis Activity (AMSAA).

In addition to core research projects, CALCE provides expert assistance and research in advanced electronic systems by conducting private consulting for members and for the electronics industry at large. The top players in this industry have worked closely with CALCE, and many other companies are reaching out to us for assistance. By developing and applying the latest reliability, parts selection, and testing strategies and technologies, we are helping the electronics manufacturing industry to produce consistently reliable, safe, and cost-effective products and systems.

Read More



24 January 2016

The Art of Bearing Fakes

Recent articles posted to the corrupt 'Stopfakebearings' site warns of criminal overtones to those who make good business with Counterfeits but fail to mention the main offenders.

Todays counterfeiters are sophisticated enough to know how the market reacts, the mechanics of pricing and the best line of distribution depending on the quality of goods including packaging. Bearings are different albeit vulnerable depending on the factory that can manufacture certain types & sizes.

The Bearing Industry via members of 'Stopfakebearings' is crippled by its own illegal policy from producing false & misleading claims, displaying bearings that are not Counterfeit, 'crying wolf' by sensationalizing their own brand as superior with public propaganda and acting as good corporate citizen

Schaeffler appears the main offender, has produced many false fake claims of counterfeiting and utilizing outside Industry magazines to full advantage maximizing a global media 'Spin' - an alleged deception by corruption and fraud. Then follows the posting of Schaeffler's false claims to the corrupt 'Stopfakebearings' site so other team members receive the benefits of faking it; There has been no member of 'Stopfakebearings' objecting to this corruption, enhancing the lawlessness within the Bearing Industry

THESE PHOTOS RECEIVED NO OBJECTION FROM ANY MEMBER OF 'STOPFAKEBEARINGS'


Top Counterfeiting Risks Manufacturers Face in 2016

Manufacturing Industry Advisor

Foley & Lardner LLP

USA January 20 2016

The global market for all counterfeit items is booming, with the value of goods seized by U.S. Customs and Border Protection in fiscal year 2014 exceeding $1.2 billion. Moreover, the U.S. Department of Homeland Security reported that the number and value of seizures of counterfeit automotive parts increased by 83 percent and 66 percent, respectively, over the previous year. In addition, counterfeiters have become extremely sophisticated and the risk of counterfeiting extends to electronic parts, mechanical parts, and industrial fasteners. The bottom line: Counterfeit parts are an increasing threat to manufacturers' supply chains.

Manufacturers need to have systems and procedures in place to detect and avoid the use of counterfeit parts. Effective counterfeit prevention procedures require coordination among several functions in a company, including purchasing, quality, and legal. Companies also need to incorporate counterfeit detection and avoidance requirements into the terms and conditions they impose on suppliers.

To address the risk posed by counterfeit parts, manufacturers should take at least the following steps:

Identify and Address Both Supplier and Item Risk

An effective counterfeit detection and avoidance system can be "risk-based" - that is, companies do not have to adopt a "one-size-fits-all" approach that subjects every incoming part to the same level of scrutiny. Rather, it can be tailored based on the level of risk that the part may be counterfeit. There are two primary types of risks that should be taken into account in such a risk assessment: supplier risk and item risk.

"Supplier risk" refers to the risk of counterfeiting associated with the entity that is supplying the part. The original manufacturer of the part would be a low-risk supplier, as there would be clear traceability of the part back to the original manufacturer and little opportunity or economic incentive for the original manufacturer to counterfeit its own part. Conversely, if the supplier is a "gray market" independent distributor, particularly one that is unable to provide documentation tracing the part back to the original manufacturer, the risk that the part received may be a counterfeit would be higher. Accordingly, one of the universally accepted best practices for counterfeit parts mitigation is to require that purchases of parts be made, whenever possible, only from the original manufacturer or one of its authorized distributors or dealers.

"Item risk" refers to the degree of risk posed by the part itself, both in terms of the risk to safety and reliability if the part at issue were counterfeit, and the risk that the part at issue is a target for counterfeiting. Item risk is largely a factor based on a part's:

  • Economic value
  • Criticality to safety or performance
  • Volume of use/sales
  • Production status
  • Ease of duplication or manufacture
One category of parts that is recognized as posing an increased risk of counterfeiting is out-of-production parts, often referred to as "obsolete parts."

Develop Procedures to Deal With the Unique Issues Posed by Counterfeits

Under typical commercial terms and conditions, a buyer rejecting a nonconforming item is frequently required to return the rejected item to the seller. That practice is problematic when the "nonconformity" at issue is that the part is suspected of being counterfeit. Returning a suspect counterfeit to the party that supplied it runs the risk that the counterfeit part will remain in the supply chain and simply be passed off to another customer that may not be as vigilant. Therefore, an effective anti-counterfeiting system requires the ability to quarantine and impound suspected counterfeit parts, without returning them to the supplier for refund or replacement until they are confirmed as authentic.

Companies should also develop appropriate reporting mechanisms to report the discovery of a suspected counterfeit, both internally to appropriate company officials and externally to the appropriate authorities.

19 January 2016

Denmark Sets World Record Wind Energy Production


Country wants half of its energy to come from renewable sources by 2020

Denmark has set a world record for wind energy - with an achievement hailed as "the key to stop global warming".

Wind-generated energy made up almost 40 per cent of the country's overall electricity consumption in 2014 - making it the world's leading nation in wind-based power.

About 39.1 per cent of electricity used in the country came from its wind turbines, according to the climate and energy ministry.

In January last year, this figure peaked with just over 60 per cent of Danes' energy consumption in that month coming from the wind.

"These are incredible figures," said Rasmus Helveg Petersen, Denmark's climate and energy minister.

"We still plan to put up more wind turbines. We are moving forward and we have more targets."


And while many may discuss the future climate concerns, it was officially announced today 18 January 2016: "That 1% of Worlds people now own and control 99% Global Wealth, while 99% of Worlds people own 1%"

The announcement means the multi-party Danish government is currently on track to meet its 2020 target for 50 per cent of all energy consumption from renewable sources.

It also places the Scandinavian country on a strong path towards the Paris climate conference targets, which require greenhouse gas to be cut 40 per cent by 2030 compared to 1990, and energy efficiency and renewables to be increased by at least 27 per cent.

Mr Petersen said his country had "found the key to stop global warming" for the other 196 nations who attended the conference in December.

One island off Denmark, called Samso, has already become an inspiration to renewable energy experts around the world as it aims to be completely fossil-fuel free by 2020.

And both the country and its island are joined by Costa Rica, which has reported it ran on only renewable energy for 75 days in 2015, following the heavy rains which power the country's hydroelectric power plants.

But Danish energy company warned that transport and homes need to be more rapidly electrified so firms do not have to pay a lot of money to dispose of wind power - a problem which would push up costs for consumers.

"If we keep putting up wind turbines, we will keep having low prices in the market, which means consumers would have to pay a high price related to their energy consumption," said Lars Aagaard, director for Danish Energy.

"We would have an energy market with large price volatility where some times the price would deflate and at other times, the price would be sky-high. it would be an unstable system."

The UK government has been criticised for cutting subsidies to the renewable energy sector, with the House of Lords recently rejecting an attempt to prevent any more onshore wind farms being built.

12 January 2016

Schaeffler Accused of Misleading Counterfeit Spanish Report

The Corrupt 'Stopfakebearings' whose members continue with 'late night secret meetings' as described 2014 by the European Commissioner, released Schaefflers news article dated 17 Dec 2015 re "Rodaindustria Ibérica S.A. Found Guilty of Trademark Law Violation" - However upon independent investigations reveal most details claimed by Schaeffler are not correct or alleged illegal in there own right

The facts are: Schaeffler appointed RODAINDUSTRIA IBERICA SA an authorized Spanish Distributor. Schaeffler did there own 'Due Diligence' and under there own free will made this company distributor for its FAG related products. Rodaindustria had a successful beginning but lacked sustainable funds ending with lower selling prices to survive. In 2011, Schaeffler sought a Court Order with damages prohibiting the marketing of Schaeffler products primarily to prevent there former distributor buying from other Countries.

17 June 2014, Mr C Jaime was appointed Insolvency administrator to Rodaindustria now under Liquidation, and the dissolution dated 02/27/2015 to be determined. Collections and payments are to be finalized before any payment if any, is considered to Creditors. Refer DB report below

In searching many Rodaindustria documents and registered articles there has been no Counterfeiting mentioned or proof given. Stopfakebearings and Schaeffler have blown this event out of proportion, abused a properly authorized & appointed Distributor and 'kicking the unfortunate down' particularly when Schaeffler did there own checks & balances, due diligence and credit rating reports on Rodaindustria of Spain by allowing there trademark/copyright be advertised in the first place

General Facts RODAINDUSTRIA IBERICA SA (EN LIQUIDATION) - IN LIQUIDATION
Contact Information
Denomination RODAINDUSTRIA IBERICA SA (IN LIQUIDATION)
Business Location Dissolution - Other Causes (Date: 02/27/2015)
CIF / NIF 0A82 ...
DUNS Number 460972164
Registered Office POLIGONO INDUSTRIAL GRANXA (CL PARALLEL 3)
Previous Address FERMINA AVENUE SEVILLANO -PG IND weekend-3 - 28022 Madrid (Madrid)
Phone RODAINDUSTRIA phone IBERICA SA (EN LIQUIDATION) 986 214 972
Fax 986295149
Web www.rodaindustria.com
Trademarks: INDUSTRIAL SUPPLIES SARMODI
Detailed Trademark
Activity Reports Wholesale of parts and accessories for motor vehicles
NACE 2009 4531 - Wholesale of parts and accessories for motor vehicles
SIC 5013 - Parts and accessories for cars
Social object DEVELOPMENT OF INDUSTRIAL AND COMMERCIAL ACTIVITIES concretized TO PURCHASE, IMPORT AND EXPORT OF SPARE PARTS, SPARE PARTS AND ACCESSORIES OF CAR AND INDUSTRY.

Identifying Summary:

The company RODAINDUSTRIA IBERICA SA (IN LIQUIDATION) 364 531 is located in the town of O Porrino, Pontevedra. RODAINDUSTRIA IBERICA SA (IN LIQUIDATION) 364 531 was established on 12/01/1999 with the aim "DEVELOPMENT OF INDUSTRIAL AND COMMERCIAL ACTIVITIES concretized TO PURCHASE, IMPORT AND EXPORT OF SPARE PARTS, SPARE PARTS AND ACCESSORIES Automotive and Industrial." and is dedicated to the NACE activity "Wholesale of parts and accessories of motor vehicles" .If you are interested in learning more company data RODAINDUSTRIA IBERICA SA (IN LIQUIDATION) 364,531 can access this expanded report immediately to RODAINDUSTRIA IBERICA SA (IN LIQUIDATION) 364 531 and view the results of its 17 years of activity, as well as balance sheets and income statements available.
Last updated company report has been made 01/01/2016

Directors, Officers and Auditor
Administration organisation
Charge current Last name and name Appointment Executive Report
Insolvency administrator JAIME C ... 06/17/2014 Consult

10/10/2011 Posted by: EXPANSION OF CATALONIA type information: GENERAL INFORMATION

The Commercial Court No. 7 Madrid RODAINDUSTRIA IBERICA prohibits the marketing of, registered by Schaeffler Fag IBERIA brand products, which has its Spanish headquarters in Sant Just Desvern



5 January 2016

Larger turbines could be on the way in Denmark

Also on the horizon: a new showdown between wind energy friends and foes


January 4th, 2016 12:18 pm by Ray W

Improving technologies could result in turbines springing up on the Danish countryside that exceed the current limit of 150 metres in height.

Members of the wind turbine industry, including Vestas, think the time has come for a change.

"Actually, we thought we had reached the maximum for the height of wind turbines on land, but we have developed a new tower construction so that we can increase the height and size," Anders Vedel, the technical manager at Vestas, told Jyllands-Posten.

Is bigger better?

Vestas has now constructed turbines of heights up to 166 metres and blades of up to 67 metres.

The wind industry said that politicians wanting more and less expensive green energy should support the larger turbines.

"At some point we need to discuss height limits as they relate to municipal planning because technology now offers new opportunities in this area," said Jan Hylleberg, the head of Vindmølleindustrien, the Danish wind industry association.

Strange bedfellows

While the conservation group Danmarks Naturfredningsforening is basically opposed to the placement of wind turbines in nature areas, they are ready to accept the larger turbines.

"If the larger turbines can pull more energy from the wind, making green energy more profitable, then height limits is a discussion worth taking," said Michael Leth Jess, the head of Danmarks Naturfredningsforening.

Troels Lund Poulsen, the business and growth minister, is an opponent of giant wind turbines on land. "I am deeply sceptical about changing the current limit," said Poulsen. "Large turbines like this belong at sea."

READ MORE: Wind turbine on Samsø crumbled into the sea

A majority in parliament agreed in 2012 that 50 percent of electricity should be generated from wind power by 2020.

Related Posts

Denmark's green energy future is built on offshore wind

Copenhagen announces ambitious climate plan

Power shortage causes windmill delays

Wind turbine compensation stirring discontent

Project wants to listen closely to wind turbine noise

Wind energy produced half of Danish electricity in December

Vestas gets huge turbine orders for projects in the US and Scotland