8 August 2018

SCHAEFFLER Move Into High Gear 2nd Qtr 2018

Schaeffler Group Germany continued its solid growth with strong numbers for 2nd Qtr 2018 gaining significant higher Automotive order intake to consolidate full global year

http://www.schaeffler-tomorrow.com/tomorrow/183/index.html

2018-08-07 | Herzogenaurach GERMANY SCHAEFFLER ON TRACK

* Revenue grows 5.8 percent at constant currency in the first six months

* Mid-year EBIT margin before special items of 11.1 percent flat with prior year (prior year: 11.1 percent)

* Significantly higher order intake for Automotive OEM division, book-to-bill ratio 1.8x (prior year 1.1x)

* Revenue and earnings driven by encouraging performance of Automotive Aftermarket and Industrial divisions

* Free cash flow before M&A activities of minus 74 million euros slightly improved from prior year

* Outlook for the year confirmed for Schaeffler Group and the two Automotive divisions, revenue guidance raised for Industrial division.

Global automotive and industrial supplier Schaeffler presented its interim report for the first half of 2018 today. The Schaeffler Group’s revenue amounts to approximately 7.2 billion euros (prior year: approximately 7 billion euros) at mid-year. At constant currency, revenue increased by 5.8 percent during the period, 7.9 percent in the second quarter. Once again, all three divisions and all four regions contributed to the group’s revenue growth at constant currency, with the Greater China region reporting a constant currency growth rate of 18.7 percent, the largest increase by far. The Schaeffler Group generated earnings before financial result and income taxes (EBIT) of 773 million euros during the first six months; second quarter EBIT was affected by a special item of 22 million euros related to the restructuring expenses for the integration of the internal supplier “Bearings & Components Technologies” (BCT) announced on May 07, 2018. As a result, EBIT before special items amounted to 795 million euros (prior year: 780 million euros). This represents an EBIT margin before special items of 11.1 percent (prior year: 11.1 percent).

Klaus Rosenfeld, CEO of Schaeffler AG, commented on the performance of the business in the first half of the year: “In a persistently challenging environment, we are on track to meet our targets for 2018. Our earnings were primarily driven by the solid performance of the Automotive Aftermarket and Industrial divisions. In addition, the trend for the first six months demonstrates that, as an automotive and industrial supplier, we are properly positioned strategically”.



Automotive OEM increases revenue - Considerably higher order intake

The Automotive OEM division generated approximately 4.6 billion euros in revenue in the first six months. At constant currency, revenue increased by 4.8 percent compared to the prior year, a growth rate 3.1 percentage points higher than the average growth in production volumes of passenger cars and light commercial vehicles for the same period. Absolute order intake rose to 8.3 billion euros (prior year: 4.7 billion euros) during the first six months. The book-to-bill ratio, which represents the ratio of order intake to revenue for the year, increased to 1.8x (prior year: 1.1x) during the same period. All four of the Automotive OEM division’s business divisions contributed to its revenue growth, with the E-Mobility business division reporting the highest revenue growth rate at constant currency, 7.7 percent, in the first half of 2018. At 13.4 percent, constant currency revenue growth was once more particularly significant in the Automotive OEM division’s Greater China region, followed by 4.0 percent in the Asia/Pacific region, 3.7 percent in Americas, and 2.4 percent in Europe. The division generated 424 million euros (prior year: 483 million euros) in EBIT before special items in the first six months, bringing the EBIT margin before special items for the same period to 9.2 percent, less than the prior year margin of 10.7 percent. The decrease was primarily attributable to ramp-up costs, project delays in China, increased raw materials prices, and one-time items. These items were only partially offset by higher volumes and efficiency gains. Based on the encouraging volume of orders for the second half of the year, the division still expects to generate revenue growth of 6 to 7 percent at constant currency and an EBIT margin before special items of between 9.5 and 10.5 percent for the full year 2018.

Automotive Aftermarket back on growth path – Strong revenue growth of 12.3 percent in the second quarter

Following a temporary drop in revenue in the first quarter, the Automotive Aftermarket division increased its revenue significantly by 12.3 percent at constant currency in the second quarter, thus generating 925 million euros (prior year: 928 million euros) in revenue for the first half of 2018. At constant currency, revenue rose by 3.6 percent during the first six months of the year. The Greater China (39.8 percent) and Asia/Pacific (15.9 percent) regions reported the strongest constant currency growth in this division as well, followed by Europe (5.4 percent). Revenue in the Americas region declined on an adjusted basis (minus 8.9 percent) due to non-recurring additional requirements of an Original Equipment Services (OES) customer in the prior year period. Overall, the division’s growth was mainly driven by demand in the open (independent) market, the Independent Aftermarket (IAM). The Automotive Aftermarket division’s EBIT before special items for the first six months amounted to 176 million euros (prior year: 161 million euros), including a favorable one-time item in the second quarter related to reversed provisions. Based on this EBIT, the EBIT margin before special items was 19 percent (prior year: 17.3 percent). The group continues to expect the Automotive Aftermarket division to generate revenue growth of 3 to 4 percent at constant currency and an EBIT margin before special items of 16.5 to 17.5 percent in 2018.

Industrial business with double-digit growth rates – revenue guidance for the year raised

The Industrial division increased its revenue to approximately 1.7 billion euros (prior year: approximately 1.6 billion euros) during the first six months of 2018. At constant currency, revenue growth amounted to 10 percent and was primarily driven by Industrial Distribution. Especially the railway, raw materials, offroad, and power transmission sector clusters contributed considerably to the higher revenue as well. By far the largest increase was achieved by the Greater China region (36.7 percent), ahead of Americas (6.9 percent), Asia/Pacific (6.7 percent), and Europe (5.9 percent). The Industrial division generated 195 million euros (prior year: 136 million euros) in EBIT before special items for the first six months, representing an EBIT margin before special items of 11.6 percent (prior year: 8.6 percent). The improved margin is attributable to the favorable impact of economies of scale and pricing, as well as to efficiency gains and cost savings resulting from the program “CORE”. Based on current assessments, the Schaeffler Group is raising its guidance for the Industrial division’s constant currency revenue growth for the full year 2018 from previously 3 to 4 percent to 6 to 7 percent. The target for the EBIT margin before special items of 9 to 10 percent remains unchanged.

Free cash flow slightly improved – outlook for Schaeffler Group confirmed

Net income attributable to shareholders for the first half of 2018 rose slightly compared to the prior year period, amounting to 509 million euros (prior year: 485 million euros). Earnings per common non-voting share were 0.77 euros (prior year: 0.73 euros). Free cash flow before cash in- and outflows for M&A activities of minus 74 million euros for the first six months was slightly better than the corresponding prior year amount (minus 86 million euros). Capital expenditures on property, plant and equipment and intangible assets for the first half of 2018 of 595 million euros were approximately flat with prior year (prior year: 594 million euros), representing a capex ratio of 8.3 percent of revenue (prior year: 8.4 percent).

“As in the prior year, the Schaeffler Group’s free cash flow is primarily generated in the second half of the year. Based on current estimates we are optimistic that we will meet our full-year target of approximately 450 million euros before cash in- and outflows for M&A activities,” said Dietmar Heinrich, CFO of Schaeffler AG.

Net financial debt as at June 30, 2018, increased by 463 million euros, raising the gearing ratio, i.e. the ratio of net financial debt to shareholders’ equity, to approximately 107 percent (December 31, 2017: 93 percent). As at June 30, 2018, the Schaeffler Group had total assets of approximately 12 billion euros (prior year: approximately 11.1 billion euros) and employed a workforce of 92,198 (prior year: 87,937), an increase of approximately 4.8 percent.

For the full year 2018, the group continues to anticipate revenue growth of 5 to 6 percent at constant currency, an EBIT margin before special items of 10.5 to 11.5 percent, and free cash flow before cash in- and outflows for M&A activities of approximately 450 million euros. “We recognize that our business environment remains demanding and fraught with uncertainty in the coming six months as well. Nevertheless, we are confirming the outlook for the Schaeffler Group for 2018 with a slight increase in the revenue guidance for the Industrial division,” Klaus Rosenfeld stated

Forward-looking statements and projections

Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.

https://www.schaeffler.com/content.schaeffler.com/en/news_media/press_office/ press_releases/press_releases_detail.jsp?id=83837265

2 August 2018

TIMKEN Bearings Excellent 2nd Quarter 2018

From 2017 year record numbers, the TIMKEN Company USA has reported another excellent performance making this world leader in manufacturing of Ball & Roller Bearings a rock solid investment for many years to come

-- Reported sales of $906 million, up 21 percent from last year

-- Delivered earnings per diluted share of $1.16 on a GAAP basis, with record adjusted earnings per diluted share of $1.11

-- Raises 2018 outlook; now expects 2018 GAAP earnings per diluted share of $3.90 to $4.00 and adjusted earnings per diluted share of $4.10 to $4.20

NORTH CANTON, Ohio, July 31, 2018 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products, today reported second-quarter 2018 sales of $906.3 million, up approximately 21 percent from the same period a year ago. The increase was driven by continued strength across most end markets, as well as the benefit of acquisitions and currency.

In the second quarter, Timken posted net income of $91 million or $1.16 per diluted share, versus net income of $82.5 million or $1.04 per diluted share for the same period a year ago. In the quarter, the company benefitted from higher volume, favorable price/mix and manufacturing performance, and the impact of acquisitions, which were partially offset by higher material, logistics and selling, general and administrative (SG&A) costs. The year-ago period also included a large tax benefit.

Excluding special items (detailed in the attached tables), adjusted net income in the second quarter of 2018 was $87.2 million or a record $1.11 per diluted share, versus net income of $54 million or $0.68 per diluted share for the same period in 2017.

"We delivered an outstanding quarter and remain on track for an excellent year," said Richard G. Kyle, Timken president and chief executive officer. "We are successfully growing our business organically, and the acquisitions we completed last year are performing at high levels. As a result, we posted significant revenue gains, expanded operating margins and reported record earnings per share. In addition, we further advanced our strategy, announcing plans to add Cone Drive and Rollon to our Timken portfolio of strong industrial brands."

Cash from operations for the quarter was $102.1 million, and free cash flow was $80.3 million. The company ended the quarter with net debt of $899.8 million, or 36.7 percent of capital.

Full Report: https://www.prnewswire.com/news-releases/timken-reports-strong-second-quarter-2018-results-raises-full-year-outlook-300688787.html

20 July 2018

SKF's Highest Reported Quarterly Profit

How high can SKF bearing products grow ?

After a great 2017, SKF continues the growth to report stronger times are here and getting bigger
http://www.skf.com/group/news-and-media/news-search/2018-Jul-19-SKF-Half-year-report-2018-2997792.html

Alrik Danielson, President and CEO: SKF Half Year Report 2018

“Our record start to 2018 has continued. Sales grew by 9% organically, to SEK 22.6 billion and our operating profit was SEK 2,925 million – SKF’s highest reported quarterly profit to date. Our operating margin, at 12.9%, continues to improve. Cash flow was also strong, at 2.2 billion.

The industrial business had a strong quarter with an operating margin of 14.6% and an organic growth of 10.7%, with strong growth in both Asia and Europe. We also saw stronger growth in North America, albeit from a lower level. By industry, we saw particular strength in heavy industries and industrial drives.

The automotive business delivered a strong operating margin of 8.9%, driven by good demand for both trucks and light vehicles. Organic growth was 5.2%, a clear sign that we continue to outpace vehicle production levels.

We continue to invest in the development of our value propositions, through the opening of a Rotating Equipment Performance Center in Gothenburg. The Center’s team of machine health specialists will act as a Nordic hub for the monitoring of connected customer machines as well as playing an important role in developing new logistic solutions for spare parts and remanufacturing services.

During the last 18 months, we accelerated production to ensure high customer service levels. As foreseen and communicated in April, production has been adjusted during the second quarter, to avoid building inventories. Entering the third quarter of 2018, we expect to see continued growth for both our industrial and automotive businesses.”

Key figures, SEKm Q2 2018 Q2 2017 Half year 2018 Half year 2017
Net sales 22,620 20,229 43,180 39,830
Operating profit 2,925 2,315 5,550 4,610
Operating margin, % 12.9 11.4 12.9 11.6
Profit before taxes 2,783 2,057 5,208 4,182
Net cash flow after investments before financing 2,182 2,304 2,441 2,368
Basic earnings per share 4.25 2.51 8.02 5.61


Net sales change y-o-y, %, Q2 Organic Structure Currency Total
SKF Group 9.0 -0.6 3.4 11.8
Industrial 10.7 -0.9 3.9 13.7
Automotive 5.2 0.0 2.4 7.6


Net sales change y-o-y, %, Half year Organic Structure Currency Total
SKF Group 8.3 -0.7 0.8 8.4
Industrial 9.6 -1.0 1.2 9.8
Automotive 5.3 0.0 0.0 5.3


Organic sales change in local currencies, per region y-o-y, %, Q2 Europe North America Latin America Asia Middle East & Africa
SKF Group 8.7 5.3 -3.5 17.2 5.6
Industrial +++ + --- +++ +
Automotive +/- ++ +/- +++ ---


Organic sales change in local currencies, per region y-o-y, %, Half year Europe North America Latin America Asia Middle East & Africa
SKF Group 8.2 4.2 -1.5 15.3 9.2
Industrial +++ +/- -- +++ +++
Automotive + ++ ++ +++ ---


Outlook and guidance

Demand for Q3 2018 compared to Q3 2017
The demand for SKF’s products and services is expected to be higher for the Group, including Industrial and Automotive. Demand is expected to be significantly higher in Asia, higher in Europe and North America, and slightly lower in Latin America.

Guidance Q3 2018

  • Financial net: SEK -200 million.
  • Currency impact on the operating profit is expected to be around SEK +180 million compared with 2017, based on exchange rates per 30 June 2018.

Guidance 2018

  • Tax level excluding effect related to divested businesses: around 28%.
  • Additions to property, plant and equipment: around SEK 2,400 million.
14 July 2018

Roller Bearing Company & Aircraft Technology

Since its earliest days in West Trenton, New Jersey, the company has been at the forefront of bearing technology. Roller Bearing Company of America, founded in 1919, manufactured a variety of bearing products. In 1941, Roller Bearing Company became the sole source supplier for the landing gear bearings on military aircraft manufactured by Ford Motor Company. The RBC facility in West Trenton continues today to be a major supplier of helicopter main and tail rotor flight control bearings to, among others, the U.S. Government.

Corporate Profile NASDAQ:ROLL
$135.38 + 2.39
Jul 13, 2018
4:00 p.m. ET
RBC Bearings Incorporated


We are an international manufacturer and marketer of highly engineered precision bearings and products, which are integral to the manufacture and operation of most machines, aircraft and mechanical systems, to reduce wear to moving parts, facilitate proper power transmission, reduce damage and energy loss caused by friction and control pressure and flow. While we manufacture products in all major categories, we focus primarily on highly technical or regulated bearing products and engineered products for specialized markets that require sophisticated design, testing and manufacturing capabilities. We believe our unique expertise has enabled us to garner leading positions in many of the product markets in which we primarily compete. Over the past fifteen years, we have broadened our end markets, products, customer base and geographic reach. We currently have 43 facilities of which 36 are manufacturing facilities in six countries.

Customers and Markets

We serve a broad range of end markets where we can add value with our specialty, precision bearing and engineered products, components, and applications. We classify our customers into two principal categories: industrial and aerospace. These principal end markets utilize a large number of both commercial and specialized bearings and engineered products. Although we provide a relatively small percentage of total bearing and engineered products supplied to each of our overall principal markets, we believe we have leading market positions in many of the specialized product markets in which we primarily compete and serve. Financial information regarding geographic areas is set forth in Part II, Item 8. “Financial Statements and Supplementary Data,” Note 18 “Reportable Segments.”

  • Industrial Market (38% of net sales for the fiscal year ended March 31, 2018)

We manufacture bearings and engineered products for a wide range of diversified industrial markets, including construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery and the general industrial markets. Our products target market applications in which our engineering and manufacturing capabilities provide us with a competitive advantage in the marketplace.

Our largest industrial customers include Caterpillar, Halliburton Energy Services, Newport News Shipbuilding, Komatsu America and various aftermarket distributors including Applied Industrial, BDI, Kaman Corporation, McMaster Carr and Motion Industries. We believe that the diversification of our sales among the various segments of the industrial markets reduces our exposure to downturns in any one individual market. We believe opportunities exist for growth and margin improvement in this market as a result of the introduction of new products, the expansion of aftermarket sales and continued manufacturing process improvements.



  • Aerospace Market (62% of net sales for the fiscal year ended March 31, 2018)

We supply bearings and engineered products for use in commercial, private and military aircraft and aircraft engines, guided weaponry, and vision and optical systems. We supply precision products for many of the commercial aircraft currently operating worldwide and are their primary supplier for many of their product lines. This includes military contractors for airplanes, helicopters, missile systems, engines and satellites. Commercial aerospace customers generally require precision products, often of special materials, made to unique designs and specifications. Many of our aerospace bearing and engineered component products are designed and certified during the original development of the aircraft being served, which often makes us the primary bearing supplier for the life of the aircraft.



Complete details: http://investor.rbcbearings.com/phoenix.zhtml?c=190445&p=irol-homeProfile

 
Net Sales for the Fiscal Year Ended
 
Segment
March 31, 2018
April 1, 2017
April 2, 2016
Representative Applications
Plain Bearings 
 
$296,708
(44.0%)
$277,700
(45.1%)
$270,534
(45.3%)
  • Aircraft engine controls and landing gear
  • Missile launchers
  • Mining, energy, and construction equipment
Roller Bearings 
$132,021
(19.6%)
$109,483
(17.8%)
$112,039
(18.8%)
  • Aircraft hydraulics
  • Military and commercial truck chassis
  • Packaging machinery and gear pumps
Ball Bearings 
$  67,806
(10.0%)
$  58,448
(9.5%)
$  53,650
(8.9%)
  • Radar and night vision systems
  • Airframe control and actuation
  • Semiconductor equipment
Engineered Products 
$178,414
(26.4%)
$169,757
(27.6%)
$161,249
(27.0%)
  • Hydraulics, valves, fasteners and engines
  • Industrial gears, components and collets
3 July 2018

Fake News Fake Bearings Same Same

The past 12 years, the Bearing Industry has been hood winked into believing Fake Bearings are on every competitors shelves

For some highly paid bearing executives, Faking Fake bearings is classified as a lucrative business to obtain free media coverage, billboard advertising and highlighting their product to achieve a greater price from the consumer, playing the role of Robin Hood

Its all about Fake News for Fake Bearings, however these can also Kill from threats of reprisals and cloak & dagger operations to assist and prevent corrupt bearing Executives from legal prosecution. Below Fake news is typical of today's global phenomenon resulting in death

Fake news kills: Fighting misinformation requires better policing

The spate of lynchings in recent days and weeks reported from south Indian states like Karnataka, Telangana, Tamil Nadu and Andhra Pradesh – on account of rumours of child lifting circulating through WhatsApp messages – deserves urgent attention of governments across India. The speed and extent of dissemination of WhatsApp messages makes them a clear and present danger when the intent is to subvert law and order. The combination of medieval mindsets and post-modern technology that cloaks rumour as news is at the root of these lynchings.

Add churnings in a country that is being increasingly polarised to serve political ends – leading to phenomena such as antipathy to migrant labourers in the south and gau raksha movement in north India – and it’s a lethal mix. The rumours and hysteria find their own victims: in most cases outsiders unlucky enough to fall in the way of a bloodthirsty mob. Among the victims have been Muslim cattle traders, poor jobseekers from other states, and women with mental ailments. The Union government will recruit social media monitors for all districts but it is doubtful these can defang fake news without improving policing and awareness.

The worst possible response would be for government to crack down on mainstream media, ostensibly for the purpose of checking fake news. This would lead, more than anything else, to the proliferation of fake news and rumours. Instead, police personnel at grassroots are best placed to detect the propagation of such messages and the formation of mobs; they have to be trained for this new dimension of beat/ community policing. Awareness needs to be created about fake news on social media, and people must wait for authoritative corroboration. But mischief mongers and the existence of social biases and divides leave no room for complacency.

https://www.bloomberg.com/news/articles/2018-06-20/one-cop-s-fight-against-fake-news-is-saving-lives-in-india

https://theundefeated.com/features/how-fake-news-led-to-dylann-roof-to-murder-nine-people/

https://blogs.timesofindia.indiatimes.com/toi-editorials/fake-news-kills-fighting-misinformation-requires-better-policing/

The Biggest FAKE : https://www.stopfakebearings.com/en/ requires Policing & Corporate Responsibility

17 June 2018

Schaeffler's Forensic Invention, Fight Against Counterfeiting

Schaeffler Germany announced last week a new APP device to fight against "Fakers" of bearing products.

This device allows the first step in detection of Counterfeits for forensic examinations to proceed in legal hearings. In other words, similar to breathalyzers when a suspect is tested for drink driving

BearingCode commends Schaeffler's new app idea, although awaiting a physical test to verify results

Schaeffler also claims: "In 2017 alone, more than 700 suspected cases of product counterfeiting were reported" request details



"An Innovative Tool in the Fight Against Counterfeiters"

The nation-branding initiative “Germany – Land of Ideas” organized by the German Federal Government and the Federation of German Industries (BDI) has named the OriginCheck app launched by Schaeffler in 2017 as one of its “Outstanding Landmarks”.

The nation-branding initiative “Germany – Land of Ideas” organized by the German Federal Government and Federation of German Industries (BDI) has named Schaeffler as one of the recipients of its “Outstanding Landmark” award for 2018. The OriginCheck app launched by Schaeffler in 2017 was one of 100 ideas selected. This app allows buyers of INA and FAG products such as rolling bearings to carry out initial authenticity checks both quickly and easily, and initiate further steps to obtain proper clarification without complications if any suspicion arises. In this way, the jury concluded, the app benefits the general public by helping to fight product piracy and providing increased protection against potentially harmful counterfeit products.

Reliable checking made easy
The checks are carried out based on the GS1-standard data matrix codes (DMCs) that are placed on the Schaeffler packaging and allow the product to be identified worldwide with no overlaps. The user scans this DMC with the OriginCheck app and immediately receives notification of whether the code has been found in the database that is maintained by Schaeffler. When suspicion arises, the app helps the user to create suitable photographic documentation of the product being checked and e-mail this documentation directly from the app to the Brand Protection Team, Schaeffler’s central department responsible for combating product and brand piracy.

Consistent, network-based tracking
Since 2004, the Brand Protection Team has been handling suspected cases in collaboration with customs and authorities, and it consistently develops additional measures to protect against product piracy and trademark infringements. Schaeffler inspected over 700 suspected cases in 2017, some of which were reported using the OriginCheck app, allowing goods with a total retail purchase value of five million euros to be seized and destroyed under supervision worldwide. The app allows end customers and retailers to better evaluate the sources from which they procure components, which in many cases are safety-relevant, and provides increasing support in tracking down suppliers of counterfeit products.

At the EU level, rights holders such as brand product manufacturers are continuously working with customs and authorities to simplify and accelerate the exchange of information. Schaeffler has been part of the steering committee for the development of the Enforcement Database at the European Union Intellectual Property Office (EUIPO) since 2013. Rights holders use this database to supply product information and contacts to the European authorities in order to make it easier to identify counterfeits and initiate the appropriate measures. The OriginCheck app and all of the required information are available here for the authorities to use, and the app is also demonstrated at various joint events, such as the Enforcement Database Forum taking place in Alicante (Spain) in mid-June.

Schaeffler's complete statement www.schaeffler.com/en/apps
11 June 2018

NTN-SNR Celebrates 100th Anniversary With Global Collaborators

Annecy France, Milestone

CONGRATULATIONS

During the first weekend of June, NTN-SNR celebrated its centenary around festivities. For this special occasion, NTN-SNR’s employees came from all over the world.

On Friday 1st June, 800 people gathered on the Pâquier in Annecy to create a human logo. This event was followed by a birthday party at the Imperial.

On Saturday 2nd June, NTN-SNR’s employees and their families were invited to visit production plants in Annecy.

It was a great opportunity for them to share an unforgettable moment.

Let’s meet again in one hundred years!

NTN-SNR to take part in Automatica trade fair in Munich


For the second time, NTN-SNR shall take part in Automatica, the international trade fair for robotics, automation and mechatronics to be held from 19 to 22 June in Munich. NTN-SNR is a major player in this market and has one of the widest ranges of high-performance Linear Guides and Linear Axis.

NTN-SNR’s specialists will have the pleasure to welcome you to BOOTH 426, HALL B6 to introduce you to our latest innovations!

Our team looks forward to seing you at our stand! Read the Press Release





NTN-SNR suspension bearings – Investments for premium “Made in France” quality

Annecy - Automotive Aftermarket - Products

Did you know that our entire range of NNTN-SNR suspension bearings are made in France? We have 42000 m² dedicated to the manufacture of suspension products. NTN-SNR is reaffirming its uncompromising quality, reliability and safety by continuously investing in its French production site. From… Read more


4 June 2018

Counterfeit Parts & Materials Conference 26-28 June 2018

A reminder for the next important Counterfeit academic meeting organized by SMTA CALCE & University of Maryland USA June 26-28, 2018

Although a focus is based on electronics; Bearings & associated products together with materials handling are high on the agenda - All invited

Symposium on Counterfeit Parts and Materials: June 26 - 28, 2018

The most trusted forum for independent review of technology and tools to avoid, detect, and mitigate counterfeits

Conference Chair - Dr. Diganta Das (diganta@umd.edu), Ph.D., CALCE, University of Maryland

 


June 26 - 28, 2018
The College Park Marriott Hotel and Conference Center
3501 University Blvd E Hyattsville, MD 20783

Abstracts for presentations and proposals for workshops are currently being accepted.

CLICK HERE to submit an abstract.
DEADLINE FOR ABSTRACTS: March 20, 2018

For the proceedings for previous years' Symposia:
2017 and 2016



SMTA and CALCE at the University of Maryland are pleased to announce the Symposium on Counterfeit Electronic Parts and Electronic Supply Chain 2018. The program will be held June 26-28, 2018 at the The College Park Marriott Hotel and Conference Center. Do not miss this opportunity to learn from and share your insights with government, industry and academia who are addressing the counterfeit problem

Changes in electronic supply chain had been fast and furious in the last decades and its impact on the practices of companies is still evolving. It is well understood that, the scourge of counterfeit electronic parts is related to the changes in supply chain but it is only one of the many impacts. This symposium will provide a forum to cover all aspects of changes in the electronic parts supply chain on how an organization performs part selection and management through whole life cycle of the parts.

This symposium will be valuable to quality and reliability manager, supply chain managers, brand protection specialists, inspectors, marketing and procurement policy makers, contracts and legal management, security specialists and government agencies. Our focus is to provide relevant information to the professionals that can be used for solving problems today while planning for a different business and technology environment in the future


Topics will include:

  • Impact of global supply chain changes on the component management practices: quality, reliability, manufacturability
  • Electronic parts distribution: current stage and evolution over time
  • How distributors can prepare themselves to be part of the solution against counterfeit parts
  • Federal and defense procurement practices and its impact on the supply chain
  • Authentication techniques for securing electronic part supply chain
  • Inspection tools and techniques for detecting counterfeit parts
  • New areas of counterfeit concerns, including materials and energy storage
  • Industry and international working groups and standards on electronic part supply chain and counterfeit electronic parts
  • Cybersecurity concerns associated with counterfeit parts and materials

Abstract Submissions/Contact

Please provide an abstract (within 300 words) on any relevant topics here no later than March 20.
Final presentations are due June 15th, 2018.
Proposals for workshops on topics of common interest on component management are also being accepted until March 1, 2018.
Please submit your proposals with detailed outline, bio of instructor, list of prior offerings and the expected audience.

29 May 2018

Bearing Invite US Wind Conference & Exhibition

Invitation to the Bearing Industry seeking membership to US offshore wind supply chain and Exhibition 7-8 June 2018 Boston USA

Breaking into the US Offshore Wind supply chain: with the requirement for developing a local supply chain, see how companies in Oil & Gas and from other industrial sectors can join the US Offshore wind industry

Additional seminars, taking place alongside the main conference include:

  • Commercializing Floating Wind Turbines: Find out what technology and project developers are doing to commercialize floating turbines and the opportunities for floating project developments in the US

America’s offshore wind States have launched the U.S. Offshore wind power market into action with big announcements expected in 2018. For this reason, the BOEM, DOE, NYSERDA, MassCEC, Maryland Energy Administration, NWF, BNEF, Deepwater Wind, US Wind, Avangrid, Statoil, Vattenfall and many more stakeholders, will speak of their plans for offshore wind market expansion at the 3rd US Offshore Wind 2018 Conference in Boston (June 7-8)

Click here to download the latest brochure, attendees list, 2-day agenda and 50+ speaker line-up

The Main Conference offers you a comprehensive set of topics that are essential for any company wishing to play a significant role in the US OSW market, including:

New Updates from the U.S. offshore wind market builders

  • Massachusetts: Receive updates on MA’s latest round of competition, including the selection of the first project/s to meet the Commonwealth’s 1,600 MW goal.
  • New York: Hear an update on NY’s Offshore Wind Master Plan as well as plans for achieving the state’s goal of 2,400 MW, including procurement plans for 2018 and 2019.
  • New Jersey: Hear an update about the State’s interest in attracting offshore wind-related economic opportunities to New Jersey including jobs, manufacturing, and infrastructure.
  • Maryland: Receive an update on both projects awarded ORECs by Maryland in 2017 and the local economic opportunities they will bring to Maryland by supporting hundreds of highly skilled jobs in engineering, construction, and operation.

OSW Project development strategies

  • Building the U.S Offshore Wind Supply Chain
  • Models for Supply, Installation, and O&M
  • LCOE Cost Reduction Strategies
  • The Federal Offshore Wind Leasing Plan, Permitting, And The Regulatory Regime
  • Strategies That Win Stakeholder And Political Support For Project Success
  • Financing US Offshore Wind Projects


photo courtesy by Schaeffler Germany

20 May 2018

SKF Playing Consumer Games With Fakes

SKF Bearing Group has decided to keep counterfeit Production alive with the release of more Fake Counterfeit bearings

Facts are, these are not fake SKF production but to provide AI scare tactics (1) IP Notoriety (2) Impersonating good corporate Citizens while alleging an unlawful act to gain marketing advantage and free advertising

Follow us on next Fake Counterfeiting Conference June 2018 https://www.smta.org/counterfeit/register_now.cfm


photo by SKF February 2018

In China, seized forged SKF bearings with a market value of more than 2 million

On February 1, the Chinese subsidiary of the Swedish Bearing Concern SKFparticipated in a joint operation with the Chinese General Administration of Customs in an operation to detain cargo of fakes. A large number of counterfeit bearings under the SKF brand were seized, the market value of which exceeded 2 million yuan (more than 300 thousand dollars). Given the amount of detained goods, it is not only about administrative sanctions against companies, but also about criminal cases

As SKF notes, if earlier fake bearings under its trademark went mainly to the domestic market of China, now the flow of counterfeit bearings goes both for export and for Chinese provinces. Fake SKF bearings almost always do not correspond to the level of quality and characteristics of genuine products, which can lead to accidents, premature failure of equipment and serious financial damage to the end user. Some photos from January 2007 to 2018, containing 12 years of False Fake Counterfeiting by Global Bearing Manufacturers

9 May 2018

Bearing Inventions Founders Financials & Obligations

Over the past couple of decades, international bearing business of Manufacturers & Distributors attitudes changed with the invention of BearingNet and BearingCode: both unique at first, highly controversial to some

Founders of BearingNet in 1994 John Bass & Ian McPherson gave the industry a system for streamline procurement in simple terms, making it possible to personally meet discuss and resolve global bearing trade with Conferences, guaranteeing End-Users Customer local & worldwide available service

Founder of BearingCode in 2006 Ian McPherson gave the industry a new system for global information service transparency compliance legal provisions not previously known by Manufacturers & Distributors and reported events relating to Government & other regulations

Today, BearingNet and BearingCode have big internet following with views & hits and other vital statistical information

Financially, both founders had different results: John Bass could not stay to enjoy his reward while Ian McPherson has never received his entitlement.

John's nephew Peter Annis was the computer operator (not bearings) who until 2006 did not convene conferences, received John's reward but also alleged received all of Ian McPherson's amount as original founder and operator - not a dime given McPherson

The Australian Government has assisted Ian McPherson with funds to keep & maintain BearingCode for global bearing institutions, however monies owed by BearingNet/Peter Annis & Co to BearingCode/McPherson have been withheld since 2016 strangling the Code's services to Public Treasury

Leaning on Governments to satisfy Commercial practices is inappropriate and perhaps in this case unlawful, it is strongly recommended that BearingNet/Peter Annis and those global Corporations honor their promised funding to Bearingcode/Ian McPherson


Compliance is quite easy to state but extremely difficult to execute. The new age of Artificial Intelligence (AI) makes regulation to compliance a rather empty threat of endless money statements particularly when collections are important to either party. Compliance by way of cartoons Walt Disney style promises, make game playing of Commerce a thing of the past to Inventors Founders Financials & Regulations relating to Bearing Business

5 May 2018

Major Bearing Manufacturers 2018 Strong Growth

Combining strong numbers in 2017, the 2018 first quarter has recorded historical highs for SKF and Timken, with Schaeffler to respond this week

In depth report analysis from these 3 important world bearing manufacturers show results are wide spread in most strategic areas of Industry that contribute to the global engineering cycle needed for sustained business growth. The 2018 full bearing year is now highly reappraised


SKF first quarter results 2018


Alrik Danielson, President and CEO:

“We have had a record start to 2018. Sales grew by 7.5% organically to SEK 20.6 billion and our reported operating profit was 2,625 million, both historical highs for SKF. Operating margin at 12.8% exceeded our target.

The actions we have taken to control and continually review our cost base, increase prices and focus on meeting the specific application needs of our customers are showing results.

We are delivering solid financial performance, with organic growth, operating margin and net debt to equity levels all better than our stated targets that are valid over a business cycle.

The industrial business, with a reported operating margin of 15%, grew by 8.5%, with especially strong growth in Europe and Asia. We grew in almost all industries and saw particular strength in industrial drives and railway applications

http://www.skf.com/group/investors/reports/first-quarter-results-2018

Timken Reports Strong First-Quarter 2018 Results; Raises Full-Year Outlook

- Reports first-quarter sales of $883 million, up 25 percent from last year
- Generated first-quarter earnings per diluted share of $1.02 on a GAAP basis, with adjusted earnings per diluted share of $1.01
- Raises 2018 outlook; now expects 2018 GAAP earnings per diluted share of $3.80 to $3.90 and adjusted earnings per diluted share of $3.90 to $4.00

NORTH CANTON, Ohio, May 1, 2018 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and mechanical power transmission products, today reported first-quarter 2018 sales of $883.1 million, up approximately 25 percent from the same period a year ago. The increase was driven by strong organic growth across most end-market sectors led by industrial distribution and off-highway, as well as the benefit of acquisitions and currency.

In the first quarter, Timken posted net income of $80.2 million or $1.02 per diluted share, versus net income of $38.2 million or $0.48 per diluted share for the same period a year ago. In the current quarter, the company benefitted from higher volume, favorable price/mix and manufacturing performance, and the impact of acquisitions, which were partially offset by higher selling, general and administrative (SG&A) and logistics costs. The current quarter also reflects lower pension-related charges and a lower tax rate.

http://news.timken.com/2018-05-01-Timken-Reports-Strong-First-Quarter-2018-Results-Raises-Full-Year-Outlook


Schaeffler reported strong growth in 2017 and results for First Quarter 2018 looking at sustained high numbers....stay tuned

https://www.schaeffler.com/content.schaeffler.com/en/investor_relations/ events_publications/financial_calendar/financial_calendar.jsp

30 April 2018

SKF and Peugeot S.A., Settle Legal Dispute

SWEDEN 27 April 2018:

SKF and Peugeot S.A., and several group companies, (PSA) have settled their dispute before the Competition Appeal Tribunal in the United Kingdom regarding damage claims resulting from SKF’s settlement with the European Commission for violation of European competition rules. PSA initiated this lawsuit against several bearing manufacturers, among them AB SKF, in February 2016.

This settlement is not an admission of liability for damages, but is made in order to enable SKF and PSA to continue their long-standing commercial relationship.

The settlement will have an insignificant impact on the financial position of the Group.

http://www.skf.com/group/news-and-media/news-search/2018-Apr-27-SKF-and-PSA-settle-legal-dispute-2900162.html

23 April 2018

European Commission New Corporate Whistleblower Act.

In sweeping changes strengthening the EU Whistleblower Act to provide protection, finance and new controls for all EU members (notice to non member countries) for the protection of investigative journalism, the EU Commission Brussels announced today

Corporations requirement for protection mechanisms will need to set up must include:

Clear Mechanisms and Obligations for Employers

All companies with more than 50 employees or with an annual turnover of over €10 million will have to set up an internal procedure to handle whistleblowers' reports. All state, regional administrations and municipalities with over 10,000 inhabitants will also be covered by the new law.

The protection mechanisms will have to set up must include:

  • Clear reporting channels, within and outside of the organisation, ensuring confidentiality;
  • A three tier reporting system of:
  • Internal reporting channels;
  • Reporting to competent authorities – if internal channels do not work or could not reasonably be expected to work (for example where the use of internal channels could jeopardise the effectiveness of investigative actions by the authorities responsible);
  • Public/media reporting – if no appropriate action is taken after reporting through other channels, or in case of imminent or clear danger to the public interest or irreversible damage;
  • Feedback obligations for authorities and companies, who will have to respond and follow-up to the whistleblowers' reports within 3 months for internal reporting channels;
  • Prevention of retaliation and effective protection: all forms of retaliation are forbidden by Law
  • For complete details and legal requirements: http://europa.eu/rapid/press-release_IP-18-3441_en.htm
Press contacts:
     Christian WIGAND (+32 2 296 22 53)
     Melanie VOIN (+ 32 2 295 86 59)
General public inquiries: Europe Direct by phone 00 800 67 89 10 11 or by email
16 April 2018

Australian Renewable Energy Potential 'Untapped'

AUSTRALIA

Falling technology costs for renewable energy and the closure of the oldest coal-fired power plants has accelerated the country's uptake of wind and solar energy, according to the International Energy Agency (IEA)

Just 3 years ago, the installations of wind turbines in Australia were frowned upon by the outgoing Federal Government stating that local coal mines had enough black and brown stuff to supply global requirements for over 1000 years, believing wind turbines were a modern misadventure justifying big funding only to coal producers.

Now with 'eyes wide open' a modernized country drive has become an energized world leader & price saver that has maintained Australia's AAA global rating


RES Group's 240MW Ararat site in the southerly state of Victoria was
commissioned last year (pic credit: GE)

But Australia’s National Energy Market (NEM) needs to prioritise safeguarding system stability and enhance grid infrastructure to accommodate higher shares of variable renewables, the agency recommended.

Energy procurement policies, too, have "lacked co-ordination", the IEA stated.

Wind and solar power have both grown "rapidly" in recent years, the IEA stated in its report ‘Energy policies of IEA countries — Australia 2018 review’.

Wind power’s installed capacity in Australia has grown from 2.13GW in 2011 to 4.23GW in 2015, while solar power has increased from 1.4GW to 4.36GW over the same period. Coal’s capacity, meanwhile, has declined as plants have been taken offline.

But wind and solar still represent less than 1% of Australia’s total primary energy supply (TPES) each — 0.8% and 0.7% respectively, the IEA stated.

Accordingly, wind and solar power’s potential "remains largely untapped", according to the IEA, and installed capacity is unevenly distributed between states.

With the national electricity market’s "stretched power system", "low levels of interconnection", and "declining base-load capacity", electricity costs are high and integrating renewables "remains challenging", the IEA wrote.

And as coal plants come offline, wind and solar will feature more prominently in Australia’s energy mix, the IEA wrote. The report’s authors added: "It is important they are installed and operated in a system-friendly manner to provide the flexibility to accommodate the needs of the power system."

The authors added: "While Australia is well-endowed with natural resources, energy security risks across several sectors have increased."

The country should rely on long-term policy and energy market responses to strengthen energy security, foster competition, and make the power sector more resilient, the IEA concluded.

Fatih Birol, the IEA’s executive director, described the government’s efforts to ensure energy security and push through market reforms as "impressive".

However, he added: "A comprehensive national energy and climate strategy is needed for Australia to have a cleaner and more secure energy future. The National Energy Guarantee (NEG) is a promising opportunity for Australia to integrate climate and energy policy."

National Energy Guarantee

The IEA’s report comes as the government issued a consultation paper on the NEG — a proposed policy to reduce emissions and ensure reliability by encouraging retailers to invest in dispatchable energy supply.

Kerry Schott, chair of Australia’s energy security board, argued that with suppliers meeting such obligations, wholesale prices would be lower. She added: "Since retailers will need to contract with new low emissions and dispatchable generators, the increased supply will place downward pressure on wholesale prices."

Australia’s Clean Energy Council (CEC) welcomed the consultation, and said that a dialogue on energy policy was needed to "overcome the chronic long-term uncertainty confronting energy investors".

Kane Thornton, the CEC’s chief executive, said: "While investment has been booming recently behind the 2020 Renewable Energy Target, the lack of a coherent and bipartisan national policy puts further growth in doubt over the long term.

"We are open-minded about (the NEG’s) potential but many questions remain, including the fundamental question about whether the policy signals will be able to underpin new investment in clean energy and address issues with market concentration.

"Ultimately the enduring success of any national energy policy will require not just careful policy settings but the support of the state governments and the federal Labor opposition."

He added: "We encourage all parties to consult in good faith towards the development of a workable policy that will deliver clean, affordable and reliable energy over the long term."

9 April 2018

Bearing Industry Conference 24-26 April 2018

The next Bearing Conference and Aircraft Control Group will be held at the Wequassett Hotel Harwich MA USA. Complete details are provided below, all welcome to participate and experience the latest in aircraft bearing control

SAE International Bearing Group Meeting ACBG GENERAL SESSIONS


Air Frame Control Bearing Group USA

APRIL 24 - 26, 2018

https://www.sae.org/works/committeeHome.do?comtID=TEAACBGPB#
Full Details: Meeting Agenda and Program

Chairman: Fred Gyuricsko
RBC BEARINGS, CHIEF ENGINEER


Members & General Industry Welcome

Wequassett Hotel
Harwich MA 02645 USA
http://wequassett.com/

Contact Us
Press & News
Phone (508)432-5400

Email
Reservations@wequassett

Additional Information
April 24 - 26, 2018
Harwich, MA United States

Registration
Meeting Information


1 April 2018

Manufacturers World Money Maker

Easter is Chocolate Manufacturers busiest time of Year globally - Did you get your Bunny ?


Click here - https://www.countryliving.com/entertaining/g16668380/funny-easter-pictures/

25 March 2018

Schaeffler Prepared for Change, Can You?


Schaeffler is giving an overview of mobility for tomorrow during the VDA Technical Congress. In his keynote speech, Chief Technology Officer Prof. Gutzmer will cover topics ranging from the further optimization of powertrains with internal combustion engines to electric mobility


“Change is coming”, is the motto of Prof. Peter Gutzmer, Deputy CEO and Chief Technology Officer at Schaeffler. “And we are well prepared, regardless of what form the change will take.” Gutzmer is speaking for both the German automotive industry and for Schaeffler as a mobility supplier in his technical presentation that will open the 20th Technical Congress of the VDA.

“An important key to success is an ability for system-based thinking and ambidexterity, the ability to use ‘both hands’ with equal ease. This means continuously developing proven products and at the same time developing new sectors and applications”, says Peter Gutzmer. Schaeffler is showing how the company is implementing this approach using a selection of exhibits. The spectrum of exhibited products ranges from technologies for environmentally-friendly and efficient drives to innovations in the field of urban mobility.

“The electrification of the powertrain offers significant opportunities to reduce energy consumption and harmful emissions even further”, explains Matthias Zink, CEO Automotive OEM at Schaeffler. This includes electromechanical actuators as well as 48-volt hybrid technologies and efficient electric drives. “Decisive factors for success are a holistic approach to the powertrain and the interaction between the electric machine, internal combustion engine, transmission and the corresponding infrastructure”, explains Matthias Zink. “Schaeffler finds itself in an excellent position with its expertise in electric mobility and systems for engines, transmissions, and chassis.”

Technologies that enable variable control of the valve train and compression to match the specific driving situation are components for efficient and environmentally-friendly drives. Modern damping and absorber technologies for engines and transmissions allow engines to operate in low speed ranges and in this way also reduce consumption and emissions. Even 48-volt mild hybrid systems enable significant recuperation, i.e. the recovery of a considerable quantity of braking energy and the minimization of energy consumption. Electromechanical actuators from Schaeffler improve the energy balance of vehicles because they only require energy when needed and can replace hydraulic systems with a high energy consumption.

In addition to products for environmentally-friendly drives, Schaeffler is presenting a range of ideas for urban mobility. This includes, for example, the now highly-regarded Bio-Hybrid, a four-wheeled pedelec with weather protection, on whose industrialization the company is now working.

8 March 2018

Counterfeit Conference June 26-28, 2018

All Bearing Manufacturers Distributors and Associated Groups are invited to attend the next important conference on COUNTERFEITING.

Your participation and comments are welcomed to this professional meeting to avoid, apprehend and control FAKE TRADING in Bearings

Symposium on Counterfeit Parts and Materials

Technical Symposium and Expo: June 26-28, 2018
Workshops: June 28, 2018
College Park Marriott Hotel & Conference Center
College Park, MD

Home Call for Abstracts Technical Program Sponsorships and Exhibits Hotel/Travel Registration

Symposium on Counterfeit Parts and Materials

Technical Symposium: June 26-28, 2018
Expo: June 26-27, 2018
Workshops: June 28, 2018

College Park Marriott Hotel and Conference Center
College Park, MD

SMTA and CALCE University of Maryland are pleased to announce the 2018 Symposium on Counterfeit Parts and Materials. Don't miss this opportunity to learn from and share your insights with experts from government, industry and academia who are addressing the counterfeit problem.

Topics covered in this symposium will include the following:

  • Impact of changes in the global supply chain on the component management practices: quality, reliability and manufacturability
  • Electronic parts distribution: current stage and evolution over time
  • Federal and defense procurement practices and their impacts on counterfeit management
  • Authentication techniques for securing electronic part supply chain
  • Inspection tools and techniques for detecting counterfeit parts
  • New areas of counterfeit concerns: materials, energy storage
  • Industry and international working groups and standards on managing counterfeit risks
  • Cybersecurity concerns associated with counterfeit parts and materials

DEADLINE FOR ABSTRACTS: March 20, 2018

Please provide an abstract (within 300 words) on any relevant topics using the online form above by March 20th. Presentations will be due in May.

DEADLINE FOR COURSE PROPOSALS: March 20, 2018

We are also seeking proposals for half and full day workshops to be presented on June 28. Please submit proposal for workshops with the following:

  • Course outline
  • Who the course is for
  • List of prior offerings of the course
  • How will the course help the attendees

While the courses on all topics are of interest, we are particularly looking at classes aimed at electronic part distributors and laboratories that perform inspection to help them improve their technical skills and business practices.


Organized by
SMTA CALCE


SMTA


Call for Abstracts





Event Sponsors:
4 Star Electronics

AERI

Freedom Sales and Marketing


Media Partners:
Circuits Assembly Magazine

Go to SMT Magazine on-line

Endorsed by:
SAE International







Technical Committee
Diganta Das, Ph.D., CALCE/University of Maryland, Conference Chair

Sally Arno, Freedom Sales

Bill Cardoso, Ph.D., Creative Electron

Karen Ebner, Raytheon Systems Company

Michael Ford, Aegis Software

Anne Poncheri, InterCEPT

John Radman, NTS

Kevin Sink, TTI, Inc.





2 March 2018

Vestas Retain Onshore Wind Manufacturers 2017 - Siemens & Gamesa Closing

Danish wind turbine manufacturer Vestas managed to hold on to its spot as the world’s leading onshore wind turbine manufacturer in 2017, but its recent dominance may not last forever as Siemens Gamesa is narrowing the gap after its successful merger was completed early last year.

According to new figures published this week by Bloomberg New Energy Finance (BNEF) in its Global Wind Turbine Market Shares report, Vestas maintained its top spot in 2017 with 7.7 gigawatts (GW) worth of onshore wind turbines commissioned, equivalent to a 16% share of the global market. Vestas stepped back into top spot a year ago with 8.7 GW, beating out temporary usurper Xinjiang Goldwind which took the 2015 top spot with 7.8 GW of commissioned capacity.

Overall, 2017 was a slower year, with just under 47 GW worth of onshore wind capacity commissioned during the year, down 12% due in part to a slowdown in China. That being said, BNEF expects that commissioned capacity will bounce back in 2018 to 55 GW, up 17%, thanks to rebounding figures in China and the uptick of the Latin America market.

The top four onshore wind manufacturers in 2017 were Denmark’s Vestas, followed by Siemens Gamesa, Goldwind, and General Electric. While Goldwind and GE had solid years, installing 5.4 GW and 4.9 GW respectively, a lot of the focus is on the number two spot, filled by Spanish company Siemens Gamesa.

Announced in June of 2016, Spanish wind energy giant Gamesa revealed that it would be merging with German engineering giant Siemens’ wind business, and the move was formalized almost a year later in April 2017. The original announcement came only a few months after BNEF’s 2015 wind turbine figures were released, which saw Siemens and Gamesa account for fourth and fifth respectively, both with 3.1 GW worth of commissioned capacity. A year later, Gamesa stepped into fourth spot with 3.7 GW, as Siemens fell into eighth spot with 2.1 GW worth of commissioned capacity.

But when you combine two experienced wind turbine manufacturers, the result is unsurprising. In 2017, Siemens Gamesa commissioned 6.8 GW of onshore capacity, accounting for 15% of the global market share. What will be most interesting is to watch and see where Vestas and Siemens Gamesa sit at this time next year, after the latter gets to have a full year to compete.

“In 2017, quite a bit of distance opened up between GE in fourth place and the fifth-placed manufacturer, Germany’s Enercon, with 3.1 GW,” explained Tom Harries, senior wind analyst at BNEF and lead author of the report. “Six other turbine makers, from Europe and China, had between 1GW and 3GW commissioned last year.”

The consolidation that we’ve seen highlighted by the Siemens Gamesa merger might continue to play out over the next few years, as well.

“We’ve seen a wave of mergers in the wind turbine manufacturing industry in the last few years, including the Siemens-Gamesa deal and Nordex’s takeover of Acciona Windpower,” added Albert Cheung, head of analysis at BNEF. “With a large number of small players outside the Big Four, it would be no surprise to see further consolidation.”

As for offshore wind, the industry looks a lot different.

“In offshore wind, it was a very different story, with Siemens Gamesa continuing to be by far the biggest supplier globally, with 2.7 GW commissioned, and other players such as Sewind of China, MHI Vestas, and Senvion of Germany back at around half a gigawatt each,” concluded Harries.

https://cleantechnica.com/2018/02/27/vestas-again-leads-onshore-wind-turbine-manufacturers-in-2017-siemens-gamesa-closing-the-gap/

26 February 2018

JTEKT Among Bearing Majors 2017 Result

Major Bearing Corporations 2017 Financials for SCHAEFFLER TIMKEN and SKF were released & recorded in News articles listed below, all produced very good results with 2018 forecast looking suitably better.


Other majors from JAPAN's NSK & NTN will be printed when numbers are finally released; JTEKT has submitted a good 2017 result making an overall excellent year for Bearing Industry majors and happy gatherings for investors

2017 RESULTS & COMMENTS: https://www.jtekt.co.jp/e/ir/f_jtekt_report.html 2017 JTEKT Former Koyo SeikoFormer Toyoda Koki

JTEKT corporate culture is characterized by optimism, drive and the will to succeed. Philosophy focuses to contribute to the happiness of people and the abundance of society through product manufacturing that wins the trust of society.

Want to join a team where creative thinking is encouraged, supported and rewarded?

JTEKT is one of the largest steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment manufacturers in the world. A leading systems and development partner to the automotive, industrial and aerospace markets - and a great place to work


22 February 2018

Bearing Inventions Founders Financials & Compliance

Over the past couple of decades, international bearing business of Manufacturers & Distributors attitudes changed with the invention of BearingNet and BearingCode: both unique at first, highly controversial to some

Founders of BearingNet in 1994 John Bass & Ian McPherson gave the industry a system for streamline procurement in simple terms, making it possible to personally meet discuss and resolve global bearing trade with Conferences, guaranteeing End-Users Customer local & worldwide available service

Founder of BearingCode in 2006 Ian McPherson gave the industry a new system for global information service transparency compliance legal provisions not previously known by Manufacturers & Distributors and reported events relating to Government & other regulations

Today, BearingNet and BearingCode have big internet following with views & hits and other vital statistical information

Financially, both founders had different results: John Bass could not stay to enjoy his reward while Ian McPherson has never received his entitlement.
John's nephew Peter Annis was the computer operator (not bearings) who until 2006 did not convene conferences, received John's reward but also alleged received all of Ian McPherson's amount as original founder and operator - not a dime given McPherson

Compliance is quite easy to state but extremely difficult to execute. The new age of Artificial Intelligence (AI) makes regulation to compliance a rather empty threat of endless money statements particularly when collections are important to either party. Compliance by way of cartoons Walt Disney style promises, make game playing of Commerce a thing of the past to Inventors Founders Financials & Regulations relating to Bearing Business


19 February 2018

SKF Great 2017 Financials With 2018 Leads Field

Powerhouse bearing manufacturer SKF Industries turned heads with another great performance that keep extraordinary pundits happy

As global industry leader, SKF has footholds in all developed Countries with financial interests in major OECD markets, President CEO Alrik Danielson Alrik Danielson (130 KB JPEG) states SKF:

"Enters the first quarter 2018, we expect to see continued growth in all regions, with particular strength in Asia and Europe"


SKF Year-end report 2017

Gothenburg, 1 February 2018

Alrik Danielson, President and CEO:

"We have had a strong finish to 2017, a year characterized by strong demand in most markets. In the fourth quarter, net sales, at SEK 19.5 billion, grew organically by over 8%, with near- double-digit growth in Automotive.

Europe and Asia saw strong sales growth, 9% and 10%, respectively, driven by high general levels of industrial activity and a strong automotive market. In North America, sales growth was 5%.

Our focus on raising prices, for both distributors and OEMs, and controlling costs is bearing fruit. Our adjusted operating profit was SEK 2.1 billion in the quarter, an increase of SEK 350 million compared to last year. Our adjusted operating margin also improved, to 10.7% (9.3%).

Within the industrial business, increased sales volumes delivered an adjusted operating margin of 12.9% (11.0%). We have secured several new business wins during the quarter, including a new, multi-year framework agreement with ArcelorMittal. This agreement covers bearings, units, seals and remanufacturing services for 14 steel mills across Europe and Northern Africa.

The development of our Rotating Equipment Performance offer continues, with the launch of the next generation of our Enlight Center cloud-based data collection platform.

The automotive business, which saw improved sales volumes, remains focused on technology development and reducing costs, delivering an adjusted operating profit margin of 5.9% (5.2%) in the seasonally weak fourth quarter. We are also making progress within the powertrain electrification area. Our components have been selected by several automakers, including supplying bearings for the next-generation electric powertrain platform of a leading European OEM.

Continued strengthening of the balance sheet remains a priority for us. Cash flow generation was strong, at SEK 1.7 billion, an improvement of SEK 300 million compared to the previous year. Our net debt to equity ratio, now at 71%, is well below our target of 80%.

Entering the first quarter 2018, we expect to see continued growth in all regions, with particular strength in Asia and Europe.

Key figures, SEKm Q4
2017
Q4
2016
2017 2016
Net sales* 19,481 18,732 77,938 72,588
Adjusted operating profit** 2,092 1,741 9,096 7,544
Adjusted operating margin, %** 10.7 9.3 11.7 10.4
Items affecting comparability** -75 -155 -504 -17
Operating profit 2,017 1,586 8,592 7,527
Operating margin, % 10.4 8.5 11.0 10.4
Operating margin, % 10.4 8.5 11.0 10.4
Adjusted profit before taxes** 1,859 1,531 8,162 6,756
Profit before taxes 1,784 1,376 7,658 6,739
Net cash flow after investments before financing 1,704 1,428 4,753 7,717
Basic earnings per share 4.12 1.95 12.02 8.75

* Cash discounts are from January 1, 2017 classified as a reduction of Net sales. Previously published figures have been restated accordingly.
** Please see page 15 of report for definitions

Net sales change y-o-y, % Organic Structure Currency Total
Q4 2017 8.2 -0.6 -3.6 4.0
FY 2017 8.2 -1.6 7.4 0.8

Organic sales change in local currencies, per region y-o-y, % Europe North
America
Latin
America
Asia Middle East & Africa
Q4 2017 9.1 4.7 7.3 10.0 13.3
FY 2017 5.8 7.7 10.6 11.5 14.8

Dividend proposal
The Board has decided to propose an unchanged dividend of SEK 5.50 per share to the Annual General Meeting.

Outlook for the first quarter 2018

Demand compared to the first quarter 2017

The demand for SKF’s products and services is expected to be higher for the Group, including Industrial and Automotive. Demand is expected to be higher in Europe, relatively unchanged in North America, significantly higher in Asia and slightly higher in Latin America.

Demand compared to the fourth quarter 2017

The demand for SKF’s products and services is expected to be slightly higher for the Group and Industrial and higher for Automotive. Demand is expected to be higher in Europe, North America and Latin America and lower in Asia.

SKF Year-end report 2017 (864 KB PDF)

Aktiebolaget SKF


19 February 2018

Maersk Up 13% Strong Growth & Cyber-Attack

A.P. Møller - Mærsk A/S the largest container ship and supply vessel operator in the World since 1996. The company is based in Copenhagen, Denmark with subsidiaries and offices across 130 countries, around 88,000 employees including energy-related investments lined to the Bearing Industry https://en.wikipedia.org/wiki/Maersk


http://www.seanews.com.tr/thordon-bearings-develops-new-shaft-seal-for-the-maritime-industry/162174/


February 9, 2018 07:50 CET
Previous Release | Next Release

Annual Report 2017

Attachment Add to Briefcase

The Annual Report 2017 for A.P. Møller - Mærsk A/S is hereby enclosed.
CEO of A.P. Møller - Mærsk A/S, Søren Skou, states:

"The past year was unusual for A.P. Moller - Maersk, characterized by a cyber-attack and operational challenges in a few hubs. We succeeded in growing the revenue by 13%, improving cash flow and increasing underlying profits from a low 2016 base.

However, the financial result shows that significant improvements are still needed. On the other hand, when we look at the strategic business transformation progress throughout the year has indeed been satisfactory. We have taken the first steps towards the integration of our container shipping, ports and logistics businesses and our digital transformation is taking shape.

At the same time, we have found new owners for part of the energy-related business units.

After a successful acquisition of Hamburg Süd, the integration is off to a good start, with both carriers growing volumes during the first months. A smooth integration of Hamburg Süd remains a top priority for 2018."

Contact persons:
Head of Investor Relations, Stig Frederiksen, tel. +45 3363 3106
Head of External Communication, Signe Wagner, tel. +45 3363 1901


14 February 2018

Timken Leadership Welcomed With Anti Corruption Practice

The Timken Company has again shown the Bearing Industry that Corruption cannot be tolerated, with positive results and financial gains from the Zero approach to all kinds of illegal operations that have plagued the Bearing Industry for many years.

And with support of Schaeffler EU new image to anti-corruption, we are witnessing a major change in Best Bearing Business Practices that will only enhance our Industry

............................................................................................................

Timken Named One of the World's Most Ethical Companies for the Eighth Time

NORTH CANTON, Ohio, Feb. 12, 2018 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and mechanical power transmission products, has once again been recognized by the Ethisphere Institute as one of the world's most ethical companies.


"This award is in recognition of our more than 15,000 associates globally who live our core values every day and possess great integrity and respect for each other and the work we do," said Richard G. Kyle, Timken president and CEO.

Timken is one of 135 organizations selected as a 2018 World's Most Ethical Company®. The business has been recognized for eight years and is one of only five companies in the Industrial Manufacturing category to receive this designation, underscoring Timken's commitment to leading ethical business standards and practices.

The Ethisphere Institute advances the global conversation on corporate ethics, responsibility and leadership. It has developed a framework that assesses an organization's performance in five categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent)


8 February 2018

Timken Power 4th Quarter in Strong 2017, Continues 2018

- Reports fourth-quarter sales of $778 million, up 19 percent from last year
- Generated fourth-quarter earnings per diluted share of $0.37 on a GAAP basis, with adjusted earnings per diluted share of $0.68
- Expects strong growth in 2018 with GAAP earnings per diluted share of $3.05 to $3.15 and adjusted earnings per diluted share of $3.20 to $3.30


NORTH CANTON, Ohio, Feb. 7, 2018 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and mechanical power transmission products, today reported fourth-quarter 2017 sales of $778 million, up 18.8 percent from the same period a year ago. The increase was driven by organic growth across most end-market sectors led by off-highway and industrial distribution, as well as the benefit of acquisitions and currency.


In the fourth quarter, Timken posted net income of $29.2 million or $0.37 per diluted share, versus a net loss of $(6.9) million or $(0.09) per basic share for the same period a year ago. The change year-over-year reflects improved performance across the business, as well as lower pension-related and impairment and restructuring charges, partially offset by lower CDSOA income1 and higher income tax expense. The higher income tax expense was driven by one-time charges of $35.3 million recorded as a result of the enactment of the Tax Cuts and Jobs Act of 2017, partially offset by discrete and other tax benefits recorded during the period.

Excluding special items (detailed in the attached tables), adjusted net income in the fourth quarter of 2017 was $53.9 million or $0.68 per diluted share, up from $40.2 million or $0.51 per diluted share for the same period in 2016. The improvement reflects higher volume, favorable manufacturing performance and the benefit of acquisitions, partially offset by unfavorable price/mix and higher operating costs.

"Our strong fourth-quarter results capped an excellent 2017 for The Timken Company," said Richard G. Kyle, Timken president and chief executive officer. "We posted solid revenue growth each quarter, responded well to our customers' increased demand for Timken products and services and delivered significantly improved financial results. We advanced our strategy across all fronts, and we move into 2018 a stronger company well prepared to capitalize on the expected continued growth in our end markets."

1 Represents funds received by the company under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA).

2017 Full-Year Results

For 2017, sales were $3 billion, up 12.5 percent compared with 2016. The increase was driven by organic growth across most end-market sectors led by off-highway, industrial distribution and heavy truck, and the benefit of acquisitions and currency, partially offset by lower demand in the rail sector.

Net income was $203.4 million or $2.58 per diluted share for the year, compared with net income of $140.8 millionor $1.78 per diluted share a year ago. The change year-over-year reflects improved performance across the business, as well as lower pension-related and impairment and restructuring charges, and a lower income tax rate driven primarily by net discrete and other tax benefits recorded during the year, partially offset by lower CDSOA income1.

Excluding special items (detailed in the attached tables), adjusted net income was $207.5 million or $2.63 per diluted share in 2017. This compares with $169 million or $2.13 per diluted share in 2016. The improvement in adjusted net income reflects higher volume, favorable manufacturing performance and the benefit of acquisitions and currency, partially offset by unfavorable price/mix and higher operating costs.

Among significant accomplishments during the year, the company expanded its mechanical power transmission portfolio and geographic reach. The additions of Torsion Control Products, Groeneveld Lubrication Solutions and PT Tech advanced the company's position in industrial couplings and lubrication systems, and introduced industrial clutches and brakes to the Timken portfolio. The company also furthered its leadership position in engineered bearings, opening a state-of-the-art manufacturing plant in Romania and entering into a definitive agreement to acquire ABC Bearings in India. Additionally, the company increased its quarterly dividend in May and repurchased nearly one million shares of stock, returning a total of $127 million to shareholders during the year.

Fourth-Quarter 2017 Segment Results

Mobile Industries reported sales of $425.8 million, up 24.4 percent compared with the same period a year ago. Acquisitions added revenue of $42.7 million in the quarter, or 12.5 percent. Excluding acquisitions, revenue was up 11.9 percent, driven primarily by increased demand in the off-highway, heavy truck and automotive sectors, and favorable currency.

Earnings before interest and taxes (EBIT) in the quarter were $32 million or 7.5 percent of sales, compared with a loss of $(8.2) million or (2.4) percent of sales for the same period a year ago. The increase in EBIT reflects the impact of higher volume, favorable manufacturing performance and the benefit of acquisitions, partially offset by unfavorable price/mix and higher logistics, material and SG&A costs. The current period also reflects lower pension-related and impairment and restructuring charges.

Excluding special items (detailed in the attached tables), adjusted EBIT in the quarter was $41.4 million or 9.7 percent of sales, compared with $28.8 million or 8.4 percent of sales in the fourth quarter last year.

Process Industries sales of $352.2 million increased 12.7 percent from the same period a year ago, driven primarily by strong demand in the industrial distribution and general industrial sectors, increased military marine revenue and favorable currency.

EBIT for the quarter was $55.6 million or 15.8 percent of sales, compared with EBIT of $25.8 million or 8.3 percent of sales for the same period a year ago. The increase in EBIT was driven by higher volume, favorable manufacturing performance and lower pension-related charges, partially offset by unfavorable price/mix and higher logistics and SG&A costs.

Excluding special items (detailed in the attached tables), adjusted EBIT in the quarter was $56.5 million or 16 percent of sales, compared with $47.1 million or 15.1 percent of sales in the fourth quarter last year.

2018 Outlook

The company expects 2018 revenue to be up approximately 9 to 10 percent in total versus 2017. This includes expected organic growth of 5 to 6 percent plus the benefit of acquisitions made during 2017 and favorable currency. Within its segments, the company estimates for full-year 2018:

Mobile Industries sales to be up approximately 9 to 11 percent, driven primarily by organic growth in the off-highway and heavy truck sectors, as well as the benefit of acquisitions and favorable currency.

Process Industries sales to be up approximately 8 to 10 percent, reflecting growth in the industrial distribution, services and general industrial sectors, and favorable currency.

"We enter 2018 with broad strength across our end markets," said Kyle. "We will continue to focus on serving our customers, developing innovative product solutions, operating with excellence and building a stronger Timken Company. We expect our execution combined with robust markets will result in another year of strong revenue and earnings growth with margin expansion."

Timken anticipates 2018 earnings per diluted share to range from $3.05 to $3.15 for the full year on a GAAP basis. Excluding special items (detailed in the attached tables), the company expects 2018 adjusted earnings per diluted share to range from $3.20 to $3.30.


4 February 2018

Bearings For Wind Turbines Now Questioned

"The life of a bearing is generally defined as the ‘L10’ life, which is the duration after which 10% of the bearings will fail. If L10 for one bearing is 20 years, then there is a 10% chance that the bearing will fail in less than 20 years. This is important because it forces manufacturers and wind operators to think about “lifetime” in terms of probabilities"
Note: Diagrams highlighted

Why wind-turbine gearboxes fail to hit the 20-year mark

By Dr. John Coultate, Head of Engineering Development & Mike Hornemann, Reliability Engineer
Romax InSight

A blast from the past. Here is an example of a 2-parallel stage gearbox design,
typical of a mid-1990’s wind turbine


As utility-scale wind turbines have developed from the kilowatt-class to the multi-megawatt machines installed today, the components inside a nacelle have also evolved to keep up with new power demands.

Drivetrains, in particular, have had to change significantly to meet stronger, more variable wind loads and higher power levels — and without significant increases in costs. So, engineers took on the challenge and manufacturers delivered.

What was once an off-the-shelf, industrial gearbox is now uniquely designed to meet the harsh conditions typical of a multi-megawatt turbine. A modern geared turbine typically has a 3-stage gearbox with a low-speed planetary stage and two parallel stages. By using planetary gears, designers created high-powered gearboxes that are durable enough to withstand harsh loading, yet compact enough to maintain a reasonable nacelle size.

This gearbox design has also proven economical for turbines with power ratings between 500 kW and 2.5 MW. However, longevity is the one challenge still unmet in the wind-turbine gearbox industry. Turbine gearboxes are typically given a design life of 20 years, but few make it past the 10-year mark.

Why the discrepancy? Part of the answer is in the way that gear and bearing lives are defined. The life of a gearbox component is stochastic, not deterministic. This means that it is impossible to predict with accuracy when a component will fail, even though it is possible to estimate the probability given certain parameters.

A modern-day design. This 3-stage (planetary / parallel / parallel) design is common to more recent gearboxes.


Keep in mind that wind-turbine drivetrains undergo severe and variable transient loading during start-ups, shutdowns, emergency stops, and grid connections. A turbine’s loading depends on its location in the wind farm and the terrain. Load cases that result in torque reversals may be particularly damaging to bearings because rollers may skid during the sudden relocation of the loaded zone. Micropitting, a form of surface fatigue, is one example of damage in bearings that can affect its longevity.

The life of a bearing is generally defined as the ‘L10’ life, which is the duration after which 10% of the bearings will fail. If L10 for one bearing is 20 years, then there is a 10% chance that the bearing will fail in less than 20 years. This is important because it forces manufacturers and wind operators to think about “lifetime” in terms of probabilities.

It is also important to consider that a wind turbine has more than one bearing. A typical drivetrain has 20 to 25 bearings, including the main bearings, gearbox, and generator bearings. So, what happens if we combine the L10 life for every bearing in a drivetrain to calculate a “system-level life?” A simple calculation for a drivetrain with 25 bearings, all with an L10 design life of 20 years, indicates that the probability of one or more bearings failing within 20 years is 93%.

A typical wind-turbine contains 20 to 25 bearings, all of which must be considered in a system-level reliability calculation of life expectancy.


Based on this calculation, nearly all gearboxes in a wind farm are likely to fail within 20 years. This may seem shocking, but it is a reality in the field. Many wind operators will attest that most gearboxes have been changed or gone through an up-tower repair of some kind, such as a new high-speed stage shaft or bearings, long before its 20-year life is up.

Now let’s ask how many gearboxes will fail within seven years? The same calculation indicates that the probability of one or more bearings failing within seven years is 37%. This means more than one-third of gearboxes will suffer some sort of bearing failure.

These results come from a simplified calculation and are only intended to show overall trends, but they show some startling findings. Unfortunately, the calculation can under-estimate gearbox failure rates because it fails to account for non-fatigue failure modes. But the good news is that, in practice, some bearings offer a design life in excess of 20 years because their size is dictated by other factors, such as stiffness or safety factors during extreme load cases.

This is why the term “design life” is misleading, and one reason why many gearboxes in the field are failing in less than 20 years. One way to mitigate these failures is to employ more reliable engineering methods throughout the entire lifetime of a turbine. For example, using design standards and simulations, along with reliable operational data and historical failure rates, it is possible to provide accurate predictions of drivetrain failures.

2 February 2018

Brokerages Expect RBC Bearings Post Quarterly $162.97 Million Sales


Resource from: https://ledgergazette.com/2018/02/01/zacks-brokerages-expect-rbc-bearings-incorporated-roll-will-post-quarterly-sales-of-162-97-million.html


Analysts forecast that RBC Bearings Incorporated (NASDAQ:ROLL) will report $162.97 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for RBC Bearings’ earnings. The highest sales estimate is $163.74 million and the lowest is $162.20 million. RBC Bearings posted sales of $146.66 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that RBC Bearings will report full-year sales of $162.97 million for the current fiscal year, with estimates ranging from $664.50 million to $676.78 million. For the next financial year, analysts expect that the company will post sales of $729.25 million per share, with estimates ranging from $717.70 million to $740.79 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow RBC Bearings.

RBC Bearings (NASDAQ:ROLL) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $164.30 million during the quarter, compared to analysts’ expectations of $164.56 million. RBC Bearings had a return on equity of 11.10% and a net margin of 11.18%. RBC Bearings’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share.

A number of equities research analysts have issued reports on the company. CL King assumed coverage on RBC Bearings in a research note on Wednesday, November 29th. They set a “buy” rating and a $142.00 target price on the stock. Zacks Investment Research cut RBC Bearings from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. BidaskClub cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Drexel Hamilton started coverage on RBC Bearings in a research note on Thursday, December 21st. They issued a “buy” rating and a $140.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $141.50.

Shares of RBC Bearings (NASDAQ ROLL) traded up $4.83 during mid-day trading on Monday, reaching $131.51. The company’s stock had a trading volume of 164,722 shares, compared to its average volume of 91,542. RBC Bearings has a fifty-two week low of $88.70 and a fifty-two week high of $139.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.64 and a current ratio of 4.68. The stock has a market capitalization of $3,082.53, a P/E ratio of 42.94, a PEG ratio of 5.80 and a beta of 1.35.

In other news, VP Thomas C. Crainer sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $120.76, for a total transaction of $1,811,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Richard J. Edwards sold 10,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $121.54, for a total value of $1,215,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,487 shares of company stock worth $4,632,657 in the last ninety days. Insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in RBC Bearings by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,287,621 shares of the industrial products company’s stock worth $286,296,000 after acquiring an additional 29,134 shares during the last quarter. BlackRock Inc. raised its stake in RBC Bearings by 2.8% in the 2nd quarter. BlackRock Inc. now owns 1,844,217 shares of the industrial products company’s stock worth $187,666,000 after acquiring an additional 49,694 shares during the last quarter. Vanguard Group Inc. raised its stake in RBC Bearings by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,817,613 shares of the industrial products company’s stock worth $184,960,000 after acquiring an additional 12,863 shares during the last quarter. Wasatch Advisors Inc. raised its stake in RBC Bearings by 20.4% in the 4th quarter. Wasatch Advisors Inc. now owns 1,198,672 shares of the industrial products company’s stock worth $151,512,000 after acquiring an additional 203,366 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in RBC Bearings by 2.2% in the 3rd quarter. Wells Fargo & Company MN now owns 629,102 shares of the industrial products company’s stock worth $78,732,000 after acquiring an additional 13,670 shares during the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.


23 January 2018

Bearing Imagination & Bearing Employment

News Item 27 December 2017 - Bearing Industry *Monopoly, Cyber Connection, Creativity and Enterprise, received many views

The matter of 'imagination' was not included although the importance to the Bearing Industry now carries high significance will continue to grow especially referring to AI (Artificial Intelligence) or AGI (Artificial General Intelligence)

This type of AI imagination normally contains a photo of the subject you need to identify, a little like John & Betty books we once learnt at primary school and getting it wrong could cost your job, the worst kind of scenario. Therefore, getting it right first time around is important more or less a constant employment tester on the run

For example, BearingCode receives many of these types of 'tester' photos particularly from a certain Bearing Company. If you really believe its easy, then we also enclose below the English dictionary meaning to assist your quick assessment


imagination

Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

beyond imagination

Inconceivable; outside of the realm of imagination, expectation, or anticipation. I find it simply beyond imagination the greed of all these big corporations. That film was amazing, it was actually beyond imagination.
See also: beyond, imagination

leave nothing to the imagination

1. Of clothing, to hide or cover very little (of the body) or be very revealing. I was quite embarrassed when John showed up for our date wearing ill-fitting jeans that left nothing to the imagination.
2. To present (something) in a very stark or obvious manner. The film is relentlessly blunt with its anti-religious message, leaving nothing to the imagination from beginning to end.
See also: imagination, leave, nothing

leave little to the imagination

1. Of clothing, to hide or cover very little (of the body) or be very revealing. I was quite embarrassed when John showed up for our date wearing ill-fitting jeans that left little to the imagination.
2. To present (something) in a very stark or obvious manner. The film is relentlessly blunt with its anti-religious message, leaving little to the imagination from beginning to end.
See also: imagination, leave, little

by no stretch of the imagination

Unable to happen within, at, or beyond the limits of the imagination; in no possible situation or from no conceivable perspective. By no stretch of the imagination do I think our team has a chance of winning tonight. Tommy does all right in school, but by no stretch of the imagination would I call him a genius.
See also: imagination, of, stretch

figment of (one's)/the imagination

An experience that initially is thought to be real but is actually imagined. I thought I heard the sound of my front door opening last night but it turned out to be a figment of my imagination.
See also: figment, imagination, of

flight of imagination

An imaginative but unrealistic idea. No one took his campaign for office seriously because his proposed solutions to problems were filled with flights of imagination.
See also: flight, imagination, of

be a figment of (one's/the) imagination

To be an imagined experience (especially after one has initially thought it to be real). I thought I heard the sound of my front door opening last night but it turned out to be a figment of my imagination.
See also: figment, imagination, of

by any stretch of the imagination

As much or as far as one is able to imagine or believe. Usually used in the negative. It's looking like we're not going to win by any stretch of the imagination. I can't see by any stretch of the imagination how we're going to pull this off.
See also: any, imagination, of, stretch

capture (one's) imagination

To hold one's interest or spark one's creativity. I know it sounds strange, but his talk on the importance of obtuse angles really captured my imagination. That movie captured his imagination so much that it inspired him to become a screenwriter.
See also: capture, imagination

by any stretch of the imagination

as much as anyone could imagine; as much as is imaginable. (Often negative.) I don't see how anyone by any stretch of the imagination could fail to understand what my last sentence meant.
See also: any, imagination, of, stretch

capture someone's imagination

Fig. to intrigue someone; to interest someone in a lasting way; to stimulate someone's imagination. The story of the young wizard has captured the imagination of the world's children.
See also: capture, imagination

figment of one's imagination

Something made up, invented, or fabricated, as in "The long dishevelled hair, the swelled black face, the exaggerated stature were figments of imagination" (Charlotte Brontë, Jane Eyre, 1847). This term is redundant, since figment means "product of the imagination." [Early 1800s]
See also: figment, imagination, of

not by any stretch of the imagination or by no stretch of the imagination

If you say that something is not true or possible by any stretch of the imagination or by no stretch of the imagination, you mean that it is completely untrue or impossible. He had several jobs, all of them involving driving but none of them well-paid by any stretch of the imagination. By no stretch of the imagination could his speech be described as impersonal.
See also: any, imagination, not, of, stretch

by any stretch of the imagination

If something is not true by any stretch of the imagination, it is definitely not true. The Danube was not by any stretch of the imagination blue. Note: People sometimes just say by any stretch. He is not regarded as a serious biographer by any stretch.
See also: any, imagination, of, stretch

by no (or not by any) stretch of the imagination

used to emphasize that something is definitely not the case. 1996 New Statesman Though it is by no stretch of the imagination a political paper, its owner has a reputation as an outspoken critic of China.
See also: imagination, of, stretch

a figment of somebody’s imagination

something which somebody only imagines: Doctor, are you suggesting the pain is a figment of my imagination?
See also: figment, imagination, of

by no stretch of the imagination, not by any stretch of the imagination

it is completely impossible to say; by no means: By no stretch of the imagination could you call him clever. You couldn’t say that factory was beautiful, not by any stretch of the imagination!
See also: imagination, of, stretch

Farlex Partner Idioms Dictionary © Farlex 2017

16 January 2018

Schaeffler's Great Result Encourage Bearing Industry

Schaeffler again released strong numbers for 4th quarter 2017 with consistency and future growth forecast in 2018

This result is an attraction to bearing Industry investment, not only to Germany but in Global terms mainly due to Schaefflers long term investment program into developing countries with tactical market knowledge

.........................................................................


SCHAEFFLER REPORTS STRONG GROWTH IN 4TH QUARTER 2017

2018-01-15 | HERZOGENAURACH, GERMANY

  • Preliminary revenue figures for 2017 announced
  • 2017 revenue increases by 5.9 percent to 14.0 billion euros
  • Revenue guidance of 4 - 5 percent in growth (at constant currency) for the full year 2017 exceeded
  • Strong 4th quarter with growth of 8.5 percent at constant currency
  • Three divisions starting January 1st and new business unit for E-Mobility

Global automotive and industrial supplier Schaeffler announced its preliminary revenue figures for 2017 today. The company increased its revenue to approximately 14.0 billion euros (prior year: approximately 13.3 billion euros), growing by 5.9 percent at constant currency. Fourth quarter revenue rose to approximately 3.5 billion euros (prior year quarter: approximately 3.4 billion euros), up 8.5 percent at constant currency.

This represents one of the highest quarterly growth rates the company has generated in recent years. As a result, Schaeffler has closed the year 2017 with revenue significantly above the revenue guidance of 4 - 5 percent (at constant currency) for the full year 2017.

Both of the company’s divisions have contributed to this encouraging performance. While Automotive division revenue increased to 10.9 billion euros (prior year: approximately 10.3 billion euros), representing a constant currency growth rate of 5.9 percent, the Industrial division grew its revenue to approximately 3.1 billion euros in 2017. At constant currency, this represents a growth rate of 5.6 percent. In the 4th quarter, the Industrial division’s constant currency growth rate of approximately 9 percent even exceeded the 8.3 percent constant currency growth of the Automotive division. These figures demonstrate that the Industrial division has returned to a long-term growth path.

Thanks to the strong 3rd and 4th quarters, the Automotive division has once again grown faster than the market, i.e. global production of passenger cars and light commercial vehicles, for the full year. Given market growth of approximately 2.3 percent in 2017, the division has outperformed the market by 3.6 percent. Outperformance for the strong 4th quarter was as high as 7.2 percent.

All regions of the Schaeffler Group contributed to the increase in revenue in 2017. The Greater China region once again turned in the highest constant currency growth rate of 24.1 percent.

Asia/Pacific was up 5.7 percent at constant currency. In the Americas region, revenue was up 4.6 percent at constant currency, while Europe expanded by 1.4 percent at constant currency.

“We have once again continued along our successful course in 2017. The positive growth trend in the latter half of the years was particularly encouraging. We have exceeded our revenue guidance of 4 to 5 percent for the full year. We expect the positive revenue trend to continue in 2018,” said Klaus Rosenfeld, CEO of Schaeffler AG.

The strong growth of the Automotive division was driven by both Automotive OEM (up 6.6 percent at constant currency) and Automotive Aftermarket (up 3.2 percent at constant currency). As previously announced in October 2017, effective January 01, 2018, the Automotive Aftermarket was separated from the Automotive division of Schaeffler AG and set up as a stand-alone division headed up by Michael Söding (55). Furthermore, the company has also created an independent business division for E-Mobility, bringing together all products and system solutions for hybrid and pure battery electric vehicles as of January 01, 2018.

“With the new organizational structure, we are continuing to consistently drive the transformation of the Schaeffler Group in 2018. We want to further improve our focus on the needs of our customers and we continue to concentrate on growth,” Rosenfeld explained.

On March 07, 2018, Schaeffler AG will present its results during its annual financial press conference in Munich.

Forward-looking statements and projections
Certain statements in this press release are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. You should not place any undue reliance on forward-looking statements which speak only as of the date of this press release. Statements contained in this press release regarding past trends or events should not be taken as representation that such trends or events will continue in the future. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that Schaeffler, or persons acting on its behalf, may issue.


27 December 2017

Bearing Industry *Monopoly, Cyber Connection, Creativity and Enterprise


...................................................................................................................................................................
*Monopoly, an economic advantage held by one or more persons or companies deriving from the exclusive power to carry on a particular business or trade or to manufacture and sell a particular item, thereby suppressing competition and allowing such persons or companies to raise the price of a product or service substantially above the price that would be established by a free market.
...................................................................................................................................................................

In 2006, Major Bearing Manufacturers formed a typical *monopoly see above, rightly or wrongly known as "Stop Fake Bearings" or "World Bearing Association" and among other events created illegal difficulties for themselves over the past 11 years. This document is not about the righteousness of monopolies but where the Bearing industry is placed today - 'BearingCode' was requested for official comment firmly stating 'bearing monopoly is not approved'

However as with every Industry, governments, individuals including criminal activity, Connectivity Cyber Battle Ground has taken control and those who feel threaten cannot be blamed for unrest to sign over independence to their corporate executives. Monopolies will make matters seriously worse

We should all understand that once we connect a single item we have lost our right to feel secure, to feel free or feel at ease. There are 2 billion people from third world countries waiting for internet connection with millions of new items developed each month

Programmers now have full control although Corporate Stakeholders plus the estimated 100 Governments have them under some spotlight.

A recent survey of Silicon Valley Executives found that nearly all programmers did not approve of losing their independence stating reasons the same as you & me and making reference that a Cyber Battle Ground was invented for the Super Rich and Criminal Activity, now a real threat. Perhaps the battleground is better described as having a spy in your pocket, sound familiar ?

AI 'Artificial Intelligence' is much out of control but worse still AGI 'Artificial General Intelligence' will quickly run the World that requires urgent regulating - who said 'Not another Regulation' and that doesn't include Robots/Robotics

Today's TV - 'AI Silicon Futurist' stated: "we must be active or we will shrink"

There is a common theme by global University Futurists, most claim that since the 1970s Creativity has slowed and today its barely idle but how to obtain movement again ? The answer appears to be 'Enterprise' to take that plunge, chance, fanaticism, laugh, brave, story tellers, bugger the world, have a go, dive in at the deep end, get caught do it again - strange but all agreed a risk is not a bad thing, just enjoy it

OK, back to Monopoly. If you understand the above, theirs little chance of Creativity in a monopolized environment, even less chance adding AI or AGI and absolute no chance when theirs little or no free Enterprise. Bearing Industry has a great new chance to replace the 11 year Old, but must take that Risk


17 December 2017

Bearing Faking-it - SKF Returns

Whoops, just when we thought FAKE bearings were off the menu from false News with SKF illegal ways of FAKING it, up pops an old fashioned news flash with old fashioned photos of old fashioned tired corrupt comments of "SKF DESTROYS FAKE BEARINGS" again - But Relax.... its only the SKF Group spending $millions telling us they are commencing corruption again in 2018, but in desperate need of fake news stories with fake news photos to replace the same 11 years of fake tired old FAKES


Breaking News.....StopFakeBearings........December 2017...... SKF destroys 15 tons of fake bearings!!

GREECE – Counterfeit bearings with a market value of approximately €1 Million were destroyed in Greece, following the successful completion of legal proceedings commenced in 2009. The raid resulted in the seizure of 17,000 pieces of counterfeit rolling bearings. These have now been destroyed at a metal recycling facility in Greece, by crushing them in a scrap press, to ensure they will not resurface on the market.

SKF had recently completed legal proceedings against a dealer of counterfeit bearings in Greece. Initiated in 2009, a total of 15 tons of counterfeit bearings were seized as part of a raid at a dealer’s warehouse in the area of Piraeus. The bearings have now officially been declared counterfeit by the Greek courts system, resulting in their destruction.

A wide range of companies affected

A wide range of industrial companies were affected by the counterfeit SKF bearings sold by the dealer in the Piraeus area. Instead of getting the premium quality product they thought they were purchasing, the customers ended up with products of unpredictable quality and performance.

“We are very happy that this case is officially closed and has resulted in a positive outcome for SKF and our customers. We will continue to fight the problem of counterfeit products and importers in Greece. This is vital for us in order to protect our customers and their business as well as the reputation of the SKF brand”, says Rania Patsiopoulos, Managing Director, SKF Hellas S.A.

SKF actively supports law enforcement globally to stop the trade of counterfeit SKF products. This trade is illegal and may lead to substantial fines or imprisonment. The company urges its customers to carefully select their supplier of SKF products. The best way to safeguard authenticity is sourcing through distributors authorized by SKF.


Happy New Year 2018

6 December 2017

Court Ruling NTN Final Appeal: Violation of Anti-monopoly Act

Please be advised that on December 6, 2017, NTN acknowledged that the Supreme Court dismissed its final appeal regarding violation of the Japan Antimonopoly Act with respect to the domestic sales of bearings as of December 5, 2017.

In June 2012, NTN and former executives received an indictment filed by the Tokyo District Prosecutors Office (“TDPO”) on suspicion of the violation above.

In February 2015, NTN was sentenced to a monetary penalty by Tokyo District Court. In addition, two former executives of NTN were sentenced in prison with a stay of execution. NTN and the former executives of NTN appealed on the same day.

In March 2016, Tokyo High Court rejected our appeal and retained the judgment of Tokyo District Court. NTN and the former executives of NTN appealed to the Supreme Court on the same day.

We were presenting a defense during these instances since the assertions by the TDPO and fact findings of Tokyo District Court and Tokyo High Court were greatly different from our view of the facts. We are disappointed to have had the above ruling of the Supreme Court.

In light of the result above, we will continue promoting business activities through further 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, etc.

http://www.ntnglobal.com/en/news/press/news201700115.html


28 November 2017

Bearing Barometer Brighter

Last Bearing forecast December 2016, was based on fact for the faithful and scepticism for the wise & wonders with fairies at the bottom of the garden.

And did our Industry achieve the desired change? Perhaps with a push & shove, some dreaded tasting medicine, many with wet eyes from memories never to forget.

Change happens with a price tag namely 'truth'. Contains bottom lines and hard decisions, new directions with policies and fallout management of difficult situations: sound familiar? If so, then we achieved our 2017 forecast


Reminding all good bearing people of our long history since 1888, that the same corporations SKF Schaeffler Timken NSK NTN KOYO having over 700 years of manufacturing expertise, witnessed this first major behaviour change from this long and distinguished period

We understand that without a system of check & balances over time, many old policies become old fashioned and neglected in favour of bottom line performances, a little planning is welcomed to our barometer

Although its somewhat difficult selecting bearing corporations who exposed there time, we definitely recognise SKF & Schaeffler placing risk and own peril from 'fallout' during bearing barometer change. Thank You


22 November 2017

Report Explores Wind Turbine Operations & Maintenance Markets 2017

Bearing Manufacturers, Distributors and Re-Sellers to the Wind Turbine Industry: reference report based on current market conditions for North America, Japan, Europe, India, Southeast Asia and China.

www.orianresearch.com/request-sample/415433 dated 21 November 2017


Firstly, this report focuses on price, sales, revenue and growth rate of each type, as well as the types and each type price of key manufacturers, through interviewing key manufacturers.

Second on basis of segments by manufacturers, this report focuses on the sales, price of each type, average price of Wind Turbine Operations and Maintenance Market, revenue and market share, for key manufacturers.

2017 Global Wind Turbine Operations and Maintenance Market Report is a professional and in-depth research report on the world's major regional market conditions of Wind Turbine Operations and Maintenance market, focusing on the main regions and the main countries (North America, Europe, China, Japan, Southeast Asia and India).

Complete report on Wind Turbine Operations and Maintenance market spreads across 96 pages profiling 9 companies and supported with tables and figures. Inquire for more at www.orianresearch.com/enquiry-before-buying/415433

Key Companies Analysis:-

  • GE Power
  • Vestas Wind Systems
  • Nordex SE
  • Gamesa
  • Siemens AG
  • One Wind Service
  • Suzlon
  • B9 Energy
  • Wind Prospect Group

The Wind Turbine Operations and Maintenance Market report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Wind Turbine Operations and Maintenance Industry analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

Third by regions, this report focuses on the sales (consumption), production, import and export of Wind Turbine Operations and Maintenance Market in North America, Japan, Europe, India, Southeast Asia and China.

Access this report at www.orianresearch.com/checkout/415433

Finally by applications, this report focuses on consumption and growth rate of Wind Turbine Operations and Maintenance Market in major applications.

The Global Wind Turbine Operations and Maintenance Industry focus on Global major leading industry players, providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.

Major Points Covered in Table of Contents:
1 Industry Overview of Wind Turbine Operations & Maintenance

2 Global Wind Turbine Operations & Maintenance Competition Analysis by Players

3 Company (Top Players) Profiles

4 Global Wind Turbine Operations & Maintenance Market Size by Type and Application (2012-2017)

5 United States Wind Turbine Operations & Maintenance Development Status and Outlook

6 EU Wind Turbine Operations & Maintenance Development Status and Outlook

7 Japan Wind Turbine Operations & Maintenance Development Status and Outlook

8 China Wind Turbine Operations & Maintenance Development Status and Outlook

9 India Wind Turbine Operations & Maintenance Development Status and Outlook

10 Southeast Asia Wind Turbine Operations & Maintenance Development Status and Outlook

11 Market Forecast by Regions, Type and Application (2017-2022)

12 Wind Turbine Operations & Maintenance Market Dynamics

13 Market Effect Factors Analysis

14 Research Finding/Conclusion

15 Appendix

Methodology

Analyst Introduction

Data Source

List of Tables and Figures

News From


Orian Research
Category: Market Research Publishers and Retailers
Company profile: Orian Research is one of the most comprehensive collection of market intelligence reports on the World Wide Web. Our reports repository boasts of over 500000+ industry and country research reports from over 100 top publishers. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products.

For more information:
www.orianresearch.com/request-sample/415433
www.orianresearch.com/enquiry-before-buying/415433
www.orianresearch.com/report/globa…ecast-2022/415433
www.orianresearch.com/checkout/415433


9 November 2017

Bearing Corruption Here to Stay?

Having achieved recent gains with reducing Bearing corruption particularly the reporting of Counterfeits & Fake News, Fraud by Collusion and IP Misrepresentation, our Industry is finely balanced to demonstrate new leadership, knowledge and innovation against the backdrop of former times and personnel

The obvious prescription is recruitment of new blood to ignite the old and provide confidence that corruption has no place in bearings. And until nice words turn into reality with sustained action, our industry most probably will remain questionable to many


CORRUPTION IN ASIA PACIFIC

As part of a regional series for the Global Corruption Barometer, Transparency International spoke to nearly 22,000 people about their recent experiences with corruption in 16 countries and territories in the Asia Pacific region.

This report comes at a key moment when many governments in the region are preparing their agendas to meet the United Nations Sustainable Development Goals (SDGs). The SDGs set out development priorities for 2030 which include, among others, reducing corruption and bribery in all their forms.

We found that that just over one in four people surveyed have paid a bribe to access public services. Based on the bribery rates for each country/territory and its adult population size, this is equivalent to over 900 million people across the 16 places survey

https://www.transparency.org/news/feature/corruption_in_asia_pacific_what_20000_people_told_us

WHO'S SEE BRIBES, AND WHO'S PAYING THEM?


Police top the list of public services most often demanding a bribe. Just under a third of people who had come into contact with a police officer in the last 12 months said they paid a bribe.

Overall, 38 per cent of the poorest people surveyed said they paid a bribe, which is the highest proportion of any income group.


Only one in five people surveyed thought the level of corruption had decreased recently, while two in five said that it had increased and a third had seen no change in the level of corruption.

In China, nearly three-quarters of the people surveyed said corruption has increased over the last three years, suggesting people do not see the major offensive on corruption is working.

In 2017, inclusive development is high on the agenda for governments around the world, as people voice their concerns about growing inequality, persistent poverty and the exclusion of the most vulnerable. As a diverse and rapidly developing region, it is essential that the countries in the Asia Pacific region achieve sustainable and equitable development. Corruption undermines this, as it distorts democratic processes and promotes private over public interests.

2 November 2017

Schaeffler's New Plant Investment in Czech


The Schaeffler Group reinforces its lasting course for growth in Eastern Europe with investments worth around 100 million euros and the creation of 900 new jobs within the next three years. Among the guests at the opening ceremony for the new plant were Oliver Jung, Chief Operating Officer at Schaeffler, Marián Macháček, plant manager Schaeffler Production CZ, Svitavy plant, Zbyněk Pokorný, Head of the Department for Investments and Industrial Areas of the Czech Ministry of Industry and Trade, David Šimek, Mayor of Svitavy, Karel Kučera, CEO of Czechinvest, and other public figures.

https://www.schaeffler.com/content.schaeffler.com/en/news_media/ press_office/press_releases/press_releases_detail.jsp?id=79988353

“With our new plant in Svitavy, the Schaeffler Group is further strengthening the already very strong Eastern European plant network. With the thermal management modules, which are produced in Svitavy, Schaeffler is manufacturing a product that can be applied both in internal combustion engines and in mobility concepts of the future, thereby supporting the Schaeffler Group’s “Mobility for tomorrow” strategy”, said Oliver Jung. Marián Macháček added: “We are delighted that so many distinguished guests attended the opening ceremony. This is an honor for us and at the same time, it lays the foundation for future collaboration.”

CZECH CAPITAL PRAGUE TOURIST ATTRACTION


Qualified employees and commercial specialists wanted
Today, the Svitavy plant already employs a workforce of around 280. As a result of ongoing recruiting activities, the number of staff will increase to 900 within the next three years. Apart from employees, qualified industrial specialists are also being sought. “I am very pleased that such a strong partner in our region will not only create new jobs – also for other companies and service providers – but will also cooperate closely with our schools and provide career opportunities to graduates”, said David Šimek, Mayor of Svitavy.

Production in the new plant in Svitavy
The majority of investments has gone to new machinery, which has been put into operation both in the existing production plant in Lanškroun and in particular in the new plant in Svitavy. “18.5 million euros alone have been invested in setting up the new production building in Svitavy. The plant’s focus is mainly on the production of thermal management modules. We will be producing an additional 230,000 parts for three global automobile manufacturers this year”, Marián Macháček stated.

The thermal management module controls the engine temperature precisely and in an energy-efficient manner and enables the ideal temperature window for engine and transmission to be reached rapidly. This is the key for reducing fuel consumption, and in turn for reducing CO2 emissions.


27 October 2017

NTN Bearings World Achievement Award

Japan's major bearing manufacturer the 'NTN Corporation' has achieved a Worlds first for innovation and ultimate performance in Automotive Components


"NTN Corporation (hereafter, NTN) awarded the Automotive Components Award of the 2017 “CHO” MONODZUKURI Innovative Parts and Components Award sponsored by MONODZUKURI. Nippon. Conference and Nikkan Kogyo Shimbun, Ltd"

Award Name


2017 “CHO” MONODZUKURI Innovative Parts and Components Award, Automotive Components Award

Product Application

ULTAGE * Tapered Roller Bearing for Automotive Application

ULTAGE is the name for NTN's new generation of the world's highest standard of bearing series, and expresses the “ULTIMATE” performance on any type of “STAGE”

World's Highest Standard

The tapered roller bearing for automotive application realizing the world's highest standard of high load capacity and high-speed rotational performance

1) Standard type: 1.3-times higher in high-load capacity and 2.5-times or more in bearing rated-life(compared to conventional products)
Equation of contact surface pressure between the rolling element (rollers) and raceway (inner and outer ring), even when there are high loads or unbalanced loads

2) High-performance type: 3.8-times or more in bearing rated-life (compared to conventional products)
Applying NTN's proprietary special heat treatment (FA treatment)

3) Approximately 10% increase in permitted rotational speed
Limiting increases of temperature by optimizing shape of the sliding contact zone between the rollers, inner ring and retainer

ULTAGE Tapered Roller Bearing for Automotive Application

Structure

Technology Features:

With the optimal design technology for the ideal shape of tapered rollers, which realizes longer bearing life with an equitation of the contact surface pressure and internal stress, this product delivers the world's highest standard of high-load capacity and high-speed rotational performance.

These features are realized with NTN's proprietary processing technology to make the optimal shape of rollers which is difficult to achieve so far.

This product allows the use under the harsh conditions derived from downsizing and weight saving of transmissions and differentials. These features enable to reduce fuel consumption, contribute to low-carbon society and finally resulted in it in being received prize.


22 October 2017

NSK Bearings Nominated 'Top 100' Fujisawa Plant

NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President and CEO: Toshihiro Uchiyama) inaugurated the newly constructed expansion of the Kirihara building at the Fujisawa Plant on October 5, 2017. The new facilities expand NSK's large size bearing production capabilities to meet demand across a wide range of industrial fields including wind turbine, railcar, and steelmaking equipment manufacturers. The expansion represents the newest in bearing manufacturing technology, with improved productivity and consistent, reliable output, to provide advanced solutions to industrial machinery customers around the world.


NSK manufactures high quality industrial machinery bearings in the Shinmeichi and Kirihara districts of Fujisawa City. As part of its business continuity plan, NSK has doubled the area of the Kirihara manufacturing facilities, and is bringing in some of the equipment currently in use at the Shinmeichi district section of the Fujisawa plant. With cutting-edge automated manufacturing machinery and unmanned transportation robots, the new facilities have greatly increased productivity, and offer reduced manufacturing lead times.


The Kirihara building is used to manufacture product for the renewable energy industry and other products that contribute to protecting the environment. NSK's environmental efforts are not limited to these products, and thanks to NSK efforts to reduce the environmental impact of manufacturing activities, Kanagawa prefecture nominated NSK a “Kanagawa Select Top 100” company. Kanagawa pays out incentives to companies in this category for their environmental initiatives.

Mt. Fuji and Fujisawa Japan's Smart City: NSK Ltd Latest Bearing Expansion


https://en.wikipedia.org/wiki/Fujisawa,_Kanagawa

10 October 2017

SKF Largest Sealed Spherical Roller Bearing For PERU

SKF's Gothenburg factory has produced the company's largest sealed spherical roller bearing (SRB) to date. The '241/900' SRB is 50 per cent larger and three times heavier than the previous largest SKF sealed SRB.


Destined for a Polysius Polycom 8 roller press at a large copper mine in Peru, the three-tonne 241/900 sealed SRB is dimensionally equivalent to a standard SKF non-sealed version, with inner diameter (bore) of 900mm, outer diameter of 1,420mm and width of 515mm. The seal itself consists of a rubber over-moulded steel plate with the same profile and offering the same characteristics as those currently used with existing SKF sealed SRBs.

The customer’s sealed SRB will be fitted to a horizontal shaft and will operate in extremely dusty conditions, with very fine stone dust from both the desert location itself and the grinding processes posing a major contamination risk. The roller press is a highly loaded application (C/P of 2-3) subject to frequent shock loading; the predominantly radial loads, when coupled with the high level of contamination at the site, poses a significant risk of early bearing failure. SKF’s custom made seal aims to at least double the bearing service life by reducing the risk of contamination in this application significantly.

The actual performance of the seal for this size of SRB remains to be verified in service by the customer, but the same seal design used in smaller SRB sizes has achieved a service life of at least double that of an open, non-sealed bearing. Even longer service lives of around three to five times that of a non-sealed bearing can be achieved with SKF’s ‘Three-Barrier’ bearing protection solution, which comprises premium SKF sealed SRBs housed within sealed housings containing a barrier grease.

This record-breaking sealed SRB was designed and manufactured within a tight, six-month schedule by a team led by Daniel Ortega - Project Manager, Business Development.

Aktiebolaget SKF



4 October 2017

Advanced Plastic Products Meeting

For those Corporations involved in Bearings, Plastics and Innovators are invited to attend the next meeting in California: November 9th 2017

Full program details are listed below & visitors welcomed to explore the latest, particularly for Aerospace & Defense advancement

Quadrant Engineering Plastic Products - Advanced Plastic & Polymer Innovators




QUADRANT AVIATION AEROSPACE & DEFENSE SYMPOSIUM

WHAT: QAADS 2017
WHEN: November 9th, 2017
WHERE: Burbank, California

The conference will address concerns and challenges faced by the aviation, aerospace and defense industry, matched with actionable strategies from the top minds in high-strength lightweight thermoplastic application solutions. Join us as we prepare for the future…accelerating global advancements in flight.

DETAILS
QAADS brings you together with the world’s leading advanced plastics manufacturer so you can gain a comprehensive understanding of what technologies are available, which are right for you, and how they shape up against the competition.

Engineering is a “Team” activity, together we’ll explore the industry’s top concerns and challenges with real-world case studies and actionable strategies on: Keeping Skills Up to Date/Continuing Education

  • Competing in Shrinking Time-To-Market Windows
  • National/Global Market Changes/Trends
  • Technology Innovations
  • Accurate and Timely Technical Reference Materials
  • On-Site “Hands On” and Off-Site Technical Support and Application Problem Solving
  • Matching Performance and Value to the Application, Spec Writing for Success
  • Broad and innovative portfolio of materials readily available, made with consistent quality, and available worldwide
  • Click here to visit the Quadrant corporate website for more industry info


AGENDA & SCHEDULE

AGENDA:
CONFERENCE TRACKS – Presented by Quadrant or guest experts, these intimate tracks provide an opportunity to drill down on specific “how to” topics in an extended, small group environment.
Safety Critical Specs + Inaccurate Data = Flight Critical Errors: Are you specifying accurate data for your application? Learn why “process matters” and how to Identify and fix the most common specification errors.
The Right Tools for the Job: Get the Tools to Quickly and Confidently Identify and Match Thermoplastics to Your Application – Without Sacrificing Design Integrity and Value.
Metal to Plastic Conversion in Aviation, Aerospace, & Defense – Cut Weight not Strength:Identifying conversion opportunities (metal to plastic, current plastics to competitive advantage plastics) that facilitate weight reduction and save money.
Emerging Technology & Future Solutions: Learn how the Aviation, Aerospace & Defense Industry is changing, where it is going, and the next generation in thermoplastic solutions.
Tech Talk: Open forum discussion with expert panel of engineers specializing in high-performance thermoplastic materials. Bring us your PLAN, PART, or Problem and we will provide the thermoplastic SOLUTION.



SCHEDULE:
Breakfast Meet & Greet: 7:30am – 8:45am
AM Sessions: 9am – 12pm
Lunch: 12pm – 1pm
PM Sessions: 1pm – 3:45pm
Keynote: 3:45pm – 4pm
Happy Hour & Networking Opportunities: 4pm – 6pm
*All times are Pacific Standard Time

VENUE & TRAVEL
QAADS 2017 will take place at the Los Angeles Marriott Burbank Airport. A full day of industry-specific insights takes place on Thursday, November 9, at 9 a.m. Breakfast meet and greet will be offered from 7:30am to 8:45am. Please plan your travel arrangements accordingly.
LOS ANGELES MARRIOTT BURBANK AIRPORT – (click to book hotel)
2500 North Hollywood Way | Burbank, CA 91505



25 September 2017

Liebherr Bearings For World's Largest Wheel Excavator

The Components Division of the Swiss Liebherr Group has produced the largest non-segmented large diameter bearing ever manufactured by Liebherr.

This roller bearing slewing ring is intended for use in a compact bucket wheel excavator with a diameter of 7.5 meters and weighs around 20 tonnes


The Liebherr Group is a large equipment manufacturer based in Switzerland. It consists of over 130 companies organized into ten Divisions: Earthmoving, Mining, Mobile Cranes, Tower Cranes, Concrete Technology, Maritime Cranes, Aerospace and Transportation Systems, Machine Tools and Automation Systems, Domestic Appliances, and Components. It has a worldwide workforce of over 41,000, with 8.8 billion euros in revenue for 2014. By 2007, it was the world's largest crane company. Established in 1949 by Hans Liebherr in Kirchdorf an der Iller, Baden-Württemberg, Germany, the business is still entirely owned by the Liebherr family. Isolde (daughter of Hans) and Willi (son of Hans) Liebherr are the chief executive and chairman of the Bulle, Switzerland-based Liebherr-International AG, and several other family members are actively involved in corporate management. In 2005, Forbes magazine listed them as billionaires. In 1974, the Franklin Institute awarded Hans Liebherr the Frank P. Brown Medal

Liebherr's large diameter bearings are unique and manufactured to customer requirements for various applications in size & design

Components

Web catalogue of bearings Ball bearings Roller bearings Combined roller and ball bearings Tapered roller bearings

https://www.liebherr.com/en/deu/latest-news/news-press-releases/detail/liebherr-supplies-a-bearing-for-the-world-s-largest-compact-bucket-wheel-excavator-news.html?news.type=news


Products

Combustion engines Injection systems Hydraulics Gearboxes & rope winches Large diameter bearings

Electric machines Control technology & electronics Measuring technology Remanufacturing Systems

Applications

Over 350,000 large diameter bearings delivered worldwide testify to our technological expertise. Slewing bearings from Liebherr prove themselves in diverse application areas day in, day out.

Building construction and civil engineering Maritime applications Mining Wind energy

20 September 2017

Aircraft Bearing Group & Boeing Team Meeting Oct 3, 2017

Next general meeting of the SAE Bearing Group ACBG October 3-5 2017 at Boeing Campus, Seattle Washington will be an introduction for members and non-members to meet the Boeing Management Team for bearings & associated equipment

This meeting includes various group and site events not previously available and tour 'The Museum of Flight' http://www.museumofflight.org/ bearing non members are invited - Chaired by RBC Engineer Manager Mr Fred Gyuricsko

The program is extensive in all bearing business for technical, promotional and new products in aerospace industry enclosed is the Agenda


Meeting Agenda

ACBG General Session – Wednesday, October 4, 2017
Chair – F. Gyuricsko
October 3 – 5, 2017 – Seattle, WA

8:30 AM
Welcome and Introductions F. Gyuricsko (Chair) M. Matrazzo (Vice-Chair)

Membership Review
Members are reminded of the following excerpt from the SAE Committee Guidelines Manual that members “carry out their SAE responsibilities as individuals, not as representatives of their employers.”

Members are expected to attend meetings and participate in the discussions, accept project assignments within their field of expertise and carry out such assignments expeditiously, and to answer all survey ballots on time or request an extension of time.

Roll Call of Members The Vice-Chairman will call the roll of the committee members and record those present or represented. Members arriving late should notify the chair of their presence. All members and guests should check off or fill in their names on the computer roster sheet that will be circulated during the meeting and also make corrections and additions to addresses, telephone and FAX numbers, and e-mail addresses.


ATTENDEES ______
VOTING MEMBERS ______
CONSULTANTS ______
SAE ______


The committee consists of 33 Voting members. A quorum (17 needed) has been established for this meeting (Y/N). ______

Boeing Supplier Management Team
Introduction to meet the ACBG Group

Approval of Previous General Meeting Minutes
19 April, 2017, New Orleans, LA

Announcements
Banquet arrangements for Wed dinner head count.
M. Matrazzo

8:45 AM
Fall 2017 SAE Aerospace Standards Staff Report M. Lemankiewicz

Status of WIP with the SAE Technical Support Style Manual.

9:15 AM
New Business F. Gyuricsko

Members, consultants, and guests are encouraged to introduce new items, questions, or simply present information felt to be of interest to the committee.

Rod End Locking Device Selection Criteria B. Weber/A. Finck

WG members: B. Weber, A. Finck, M. Simpson, S. McNeil, R. Thomas, J. Mathis
A draft ARP (6910) has been provided to the WG members for comment additional information to add to the ARP is encouraged.

QPD (Qualified Products Database) B. Weber

Review 'Stop Ship' new icon.

9:45 AM
Procurement Document Standardization J. Mathis/M. Simpson

Working Group: J. Mathis, F. Gyuricsko, B. Weber, M. Simpson, E. Disselkamp, M. Matrazzo, R. Thomas, D. Boston, T. Orr, R. Maybaum, T. Mulhollen, J. Labermeier., C. Graham

Scope: Develop standardized requirements for procurement documents including part marking, individual package labeling, and qualification.

Status: Spring 2015 – Project Assigned
Fall 2015 – Status
Spring 2016 – Status
Fall 2016 – Status
Spring 2017 – Status
Fall 2017 - Report

10:00 AM
ACBG Meetings F. Gyuricsko

Location History

Year Spring Fall (Hosted)
2000San Diego, CAMesa, AZ- Boeing Helicopter
2001Orlando, FLFort Worth, TX - Bell Helicopter
2002Charleston, SC Seattle, WA - Boeing
2003San Antonio, TXMesa, AZ – Boeing Helicopter
2004Tamp, FL Seattle, WA - Boeing
2005San Diego, CAPatuxent River, MD - NavAir
2006New Orleans, LAJacksonville, FL – Navy facility
2007Orlando, FLLos Angeles, CA – SAE Conference
2008Nashville, TN Everett, WA – Boeing
2009Las Vegas, NVMontréal, Québec - Bombardier
2010Colorado Springs,COStanford, CT - Sikorsky
2011San Francisco, CA Fort Worth, TX - Bell Helicopter
2012San Antonio, TXPatuxent River, MD – NavAir
2013San Diego, CAPatuxent River, MD - NavAir
2014Savannah, GA Renton, WA, - Boeing
2015Kitty Hawk, NCTucson, AZ – SAE Sponsored
2016Lake Tahoe, NVKey West, FL - SAE Sponsored
2017New Orleans, LASeattle, WA - Boeing

Upcoming Locations

2018Cape Cod, MALockheed Martin
2019Portland, ORAnchorage AK
2020Cape Canaveral, FLCharleston, SC – Boeing
10:15 AM BREAK TIME (15 minutes)
10:30 AM
ACBG Officer Election M. Matrazzo


Next Election will be the 2018 – 2021 ACBG General Officer Elections.
This will take place during the Spring 2018 ACBG General Meeting.

ACBG Officer Elections (2018, 2021, 2024, 2027…)
ACBG-1 Officer Elections (2019, 2022, 2025, 2028…)
ACBG-2 Officer Elections (2017, 2020, 2023, 2026…)

ACBG Officers
ACBG General (2015-2018)
F. Gyuricsko ACBG Chairperson
M. Matrazzo ACBG Vice Chairperson

ACBG-1 Plain Bearings (2016-2019)
B. Arbiture ACBG-1 Chairperson
S. McNeil ACBG-1 Vice Chairperson

ACBG-2 Rolling Element Bearings (2017-2020)
J. Labermeier ACBG-2 Chairperson
M. Tagliaferro ACBG-2 Vice Chairperson

10:35 AM
Counterfeit Bearings M. Matrazzo

AS6174/3: Counterfeit Materiel; Assuring Acquisition of Authentic and Conforming Materiel – Bearings.
Slash Sheet in G-21 Committee WIP.

11:00 AM
Shelf life F. Gyuricsko

Working Group: F. Gyuricsko, J. Mathis, B. Weber, M Simpson, E. Oman, P. Obrien, J. Collings, Myron, Troy, S. McNeal, D. Wells, E. Disselkamp, M. Matrazzo, R. Thomas, D. Boston.
Scope: Recommended time for deliver to and the shelf life of plain and rolling element bearings. Customers and end-users confuse the “deliver by” date as the “install by” date causing rejection of valid bearings and unrealistic expectations. Defining an “install by” date would reduce rejections and unnecessary bearing rework (re-lube).
Status:
Fall 2013 – Project Assigned

Spring 2014 – Ed Disselkamp added
Fall 2014 – Status
Spring 2015 – Status
Fall 2015 – Status
Spring 2016 – Status
Fall 2016 – Status
Spring 2017 – Status
Fall 2017 - Report


11:30 AM
Committee Rosters F. Gyuricsko

Working Group: ACBG, ACBG-1 and ACBG-2 Officers
Scope: Membership rosters to be cleaned up every spring meeting by the committee officers.
Status: Fall 2017 – Status


11:40 AM
Announcement of the Spring 2018 Meeting

The next meeting of the SAE ACBG Committee is tentatively set for April 24-26, 2018 at the Wequassett Resort in Cape Cod.http://www.wequassett.com/index.php

Meeting Location
2173 Route 28
Harwich, MA 02645


11:45 AM
ACBG Wednesday Evening Banquet M. Matrazzo

Conveniently located in close proximity to the hotels most committee members are staying.
Duke’s Chowder House
757 Southcenter Mall
Tukwila, WA 98188
http://www.dukeschowderhouse.com/locations/southcenter/


11:50 AM
Tour Information M. Matrazzo

Our Wednesday afternoon tour is across the street from the Boeing Lobby at the Museum of Flight.
http://www.museumofflight.org/


12:00 PM
Adjournment F. Gyuricsko
12:30 – 1:30 PM
Lunch
2:00 – 5:00 PM
Tour - The Museum of Flight

9404 E. Marginal Way, Seattle, WA 98108
http://www.museumofflight.org/


6:30 – 8:30 PM
Wednesday Banquet Dinner

Duke’s Chowder House
757 Southcenter Mall
Tukwila, WA 98188
http://www.dukeschowderhouse.com/locations/southcenter/


Anti-Trust Statement: In discharging their responsibilities, members of the Technical Standards Board, Councils/Division, and Technical Committees function as individuals and not as agents or representatives of any organization with which they may be associated, except that government employees participate in accordance with governmental regulations. Members are appointed to SAE Technical Committees on the basis of their individual qualifications which enable them to contribute to the work of the Committee.

Patent Disclosure: Each SAE Technical Committee or SAE working group member would be required to disclose at specified times during a development process all patents and patent applications that are owned, controlled or licensed by the member, member’s employer or third party and that the member believes may become essential to the draft specification under development. The member would make this disclosure based on the member’s good faith and reasonable inquiry. If SAE International receives a notice that a proposed SAE Technical Report may require the use of an invention claimed in a patent, the respective part of the SAE Technical Standards Board Policy will be followed.

IP Statement: SAE's intellectual property is its most valuable asset. As such, the Society expends considerable resources maintaining and protecting its rights to its intellectual property. SAE reserves the right to copyright any of its print products, electronic products, databases, audio/visual products and any other subject matter. This is intended to protect SAE and its members from unauthorized copying and distribution of SAE intellectual property. SAE's intellectual property may only be used in a manner that furthers the organization's purposes.

It is also SAE policy that the copyrights and other intellectual property rights of third parties be respected and not infringed upon by SAE or any of its committees, or any employee, member or other person acting on behalf of SAE.

As a participant in SAE Technical Committees, individuals agree that the collective work of the committee(s) is the property of SAE, and SAE is charged with its publication, dissemination, and protection.

17 September 2017

Editorial - We Were Wrong

Referring to BearingCode news article dated 13 September 2017 "Empower Change to Bearing Ways" : some comments were viewed as insensitive by avid readers.

We offer sincere apologies to our supporters and those visitors who were offended, this was definitely not our intention

Sorry and Regret

Ian McPherson - President


13 September 2017

Empower Change to Bearing Ways

A new look Bearing Industry has a real chance to empower the latest new age endorsements, if only given executive ways

Suffering past years of undesirable direction from cronyism, corruption, combining with penalties, our bearing industry is now poised for a powerhouse of modern technology, innovation with sound investment and profitability to our stakeholders

The appearance of Manufacturers and Distributors to work & operate closely together is warmly welcomed, but old ways and old executives should try to bury hatchets by either change or simply retire, once thought remote, now appear likely

In some cases returning of past Bearing Executives although warmly welcomed, should acknowledge new ideas have come to play and old 'brain-waves' once thought indispensable are now obsolete. If this situation arises then tensions will frail and the new look will fail. Example can be given with issues on Fake/Counterfeiting bearings, they are obsolete and penalties received, like it or not:

Corporate example: BearingCode has endorsed Forbes latest articles of Empowering Change and recommend your time for a quick read - its worth it


Organizational transformation requires empowerment and participation at all levels

5 Ways To Empower And Engage Employees To Lead Change

"One of the most important and inevitable obstacles any company faces multiple times throughout its life cycle is the need for change. Organizational transformation requires empowerment and participation at all levels. Brent Gleeson has been writing a series of articles on leading culture-enabled organizational transformation. Much of my philosophies on this subject are derived from learnings on the battlefield as a Navy SEAL, and in the boardroom as an entrepreneur. There are three phases to my transformation model, each with several components: building the change culture, preparing for the change battle and winning the change fight.

Once a company is well-prepared for change and high levels of trust and accountability have been woven into the fabric of the organization's culture, only then can they start preparing for the change battle. Behaviors and mindsets must adapt and a plan of attack developed and communicated. The first phase of winning the change fight is to empower the team and enlist as much participation as possible at all levels"

https://www.forbes.com/sites/brentgleeson/2017/03/21/5-ways-to-empower-and-engage-employees-to-lead-change/#927adef18fa2


6 September 2017

Recognition Essential To Bearing Guru

Germany's Frau Maria Schaeffler the grand Miss Guru of bearings & associated products has successfully incorporated car racing into her portfolio https://www.schaeffler.de/content.schaeffler.de/en/press/press-releases/press-details.jsp?id=78406980

Much is written on Schaefflers commitment to Porsche and Audi in car racing and touring events, however not a lot about financial risks and team management costs to overly satisfy investors. These promotional racing operations for Schaeffler don't come cheap and returns are at times difficult to justify, especially spending mega millions

OK, Schaeffler is a big Group with normal fiscal budgets so recognition is the important ingredient, Schaeffler don't manufacturer these vehicles albeit supply the necessary high performance bearings. So well done Miss Guru you've done it again!



31 August 2017

Maersk Conglomerate Bearing Greener

A.P. Moller–Maersk Group also known as Maersk, the Danish business conglomerate with activities in the transport and logistics, and energy sectors. https://en.wikipedia.org/wiki/Maersk "is on the Move"


In another sign that the petroleum era is drawing to a close, Denmark is selling off its last oil company with barely a peep.

Once considered a strategic asset, on a par with national carriers or shipyards, the oil and gas division of A.P. Moller-Maersk A/S is being bought by French giant Total SA. The $7.45 billion deal is expected to be completed by 2018, pending regulatory approval.

Coming just three months after the sale of Dong Energy’s North Sea oil and gas production to German-based Ineos AG, Maersk’s move to offload its oil division has been welcomed by the government and trade unions alike. Even the nationalist Danish People’s Party, which supports the government in parliament, didn’t object.

The irony is that Denmark will need the income from oil and gas to finance its green transition and meet a pledge to stop using fossil fuels by 2050. That will mean keeping up production from the North Sea fields, which Total has promised to do.

“The more money they make on the North Sea, the more money there will be for us to spend on the green transition,’’ Energy Minister Lars Christian Lilleholt said in an interview in Copenhagen.


According to calculations by the Finance and Economy ministries, tax revenue from North Sea oil and gas has now fallen to a tenth of what it was at its height, only a decade ago.

The receipts from North Sea oil used to average about 8 billion kroner ($1.3 billion) per year. That would pay for about 1 gigawatt of new onshore wind capacity, which is sufficient to supply power to some 170,000 homes, based on a recent deal in Norway, according to Bloomberg Intelligence analyst James Evans.

Dong, a former state utility whose name is an acronym for Danish Oil and Natural Gas, is using at least some of the money it made from its divestment to build more offshore wind parks, expanding its dominance as the world’s biggest operator of sea-based wind turbines.

Denmark, which is also home to Vestas Wind Systems A/S (a company that produces more turbines than any other manufacturer on the planet), now gets more than 40 percent of its electricity needs from renewable sources, according to 2015 data, and aims to reach more than 50 percent by 2020. The country’s green sector already employs about 67,000 people, double the number of workers in its North Sea industry.


According to Peter Kurrild Klitgaard, a professor of political science at the University of Copenhagen, the reason behind the muted political response to Maersk’s sale is due to the fact that "there’s no energy crisis. We have more sources of energy than ever before."

Paradoxically, Denmark got itself into oil exploration in the first place, back in 1962, because the founder of Maersk, Anders Peder Moeller, reportedly wanted to prevent German businesses from exploiting the country’s North Sea reserves. And it’s those very explorations, in often hazardous conditions, that have helped Denmark develop its thriving offshore wind energy business in the first place


23 August 2017

Bearing Financials and Credit Profiles

Adding your ability with financials, the below Business Reports are the latest in Risk & Assessments. BearingCode recommends taking a few moments to check and maybe copy for reference


Doing the right things to build a Credit Profile for big or small business is an achievement for every Executive

Doing so opens financing opportunities and business relationships making security easier to operate and grow your business

Business Credit Scores & Reports


Strong business credit scores are the key to getting your company approved for trade credit and financing. Every business has credit scores, as well as business credit reports. In the same manner that your personal scores serve as financial ratings, your business credit scores rank the creditworthiness​ of your business.

Several factors go into the calculation of these figures, which can range from 0 to 100, with scores of 75 or more indicating excellent credit. Credit scores are calculated by reporting agencies such as Dun & Bradstreet and Experian.

Factors that determine business credit scores

Your business’s credit scores are calculated from various traits about your company and its financial history. Here are some of the variables:

  • Credit utilization ratio
  • Payment history
  • Length of credit history
  • Outstanding debts
  • Public records, such as bankruptcies, liens and judgments
  • Company size
  • Industry risk

Notice that while most of the factors are similar to those used to calculate your personal credit scores, others are unique to business credit scores.

The different business credit scores & reporting bureaus

Each bureau can have different information on file for the same person or business, and wind up producing a different score. That’s why you’ve probably noticed your score vary from bureau to bureau. Let’s take a look at 3 of the most common business credit scores & reporting bureaus:

The Dun & Bradstreet PAYDEX

According to D&B, the PAYDEX is a unique, dollar weighted indicator of a business’s payment performance based on the total number of payment experiences in Dun & Bradstreet’s file. The Dun & Bradstreet PAYDEX ranges from 1 to 100, with higher scores indicating better payment performance. PAYDEX is primarily used by vendors and suppliers to judge your business when determining what terms to extend on trade credit (e.g., net 30, net 60, etc.) Typically, the better the score, the more generous the terms extended. This is important because having more time to pay your bills can help you better manage cash flow.



Intelliscore PlusSM from Experian

According to Experian, Intelliscore Plus™ is a statistically based credit-risk score that can combine business and proprietor credit data to predict the likelihood of serious delinquency in the next 12 months. Score range from 1 to 100, where lower scores (Score Range below) indicate higher risk. Risk is very low in the first two risk classes, risk class 3 is average, and classes 4 and 5 present above-average risk levels. The Intelliscore PlusSM is regarded in the credit industry as quite predictive and economical. It incorporates statistical modeling using over 800 commercial and owner variables – including tradeline and collection information, recent credit inquiries, public filings, new account activity, key financial ratios and other performance indicators.


FICO® LiquidCredit® Small Business Scoring Service™

FICO’s Small Business Scoring Service (SBSS) rank-orders applicants by their likelihood of making payments on time. The score ranges from 0 to 300. The higher the score, the better. The scoring is based upon personal and business credit history and other financial information. A strong history of business credit with timely payments to vendors and suppliers may help boost your SBSS score. The FICO SBSS score will be used for term loans, lines of credit, and commercial loans up to $350,000 from the Small Business Administration (SBA). The minimum score to pass the SBA’s pre-screen process is currently 140.

How business credit scores are used

Lenders and other creditors need a means of determining how well your business repays debts before they will approve you for financing. This is where business credit scores come in. Higher scores indicate to creditors that your business is more trustworthy, thereby improving the odds that it can obtain financing. Lenders can check your company’s business credit reports to get more detailed information about your business’s financial history, and business credit scores serves as shorthand evaluations. The rating can also let you access more credit than you could receive when applying for financing with just your personal scores.

The importance of checking your business credit score

As a business owner, you should review your company’s financial information on a regular basis, including your business credit scores & business credit reports. Your scores are fluid and can change over time. That’s why creditors tend to assess your creditworthiness on a continual basis. If you notice your trade credit scores are low, there could be an error in the business credit reports that caused an inaccurate calculation. It is also possible that your business does not have sufficient credit history to warrant higher scores. If you do find an error, contacting the credit agency that generated the score is key to getting a correction. If there aren’t any errors, you can still improve your business’s credit scores by making on-time payments and lowering the company’s credit utilization ratio, among other options, but it will take some time.

Whether you’ve just started a business or been in the game for years, building a strong credit profile is essential to stay competitive. That’s why we’ve got three tools that help you build business credit that rocks! Get Started For Free (No Credit Card Required).

How can I improve my business credit score?

No doubt, understanding how and when business credit scores are used can be confusing. Luckily, keeping your scores strong is actually simple. It’s a lot like taking care of your personal credit:

  • Pay your business bills on-time or before they’re due.
  • Open multiple credit accounts (business credit cards, trade lines, loans).
  • Keep your credit utilization around 25% (don’t max out your credit lines).

Business Credit Reports

Just as you’d view your personal credit report to check your financial history, the same information can be reviewed for your business. That’s because the minute you start a business, credit bureaus begin to develop a business credit report on your company. They do this by scouring public records and other financial data.

Then, when you receive a business loan or line of credit — sometimes called trade credit — information about your payment history is compiled by one of a few business credit reporting bureaus and providers, including Dun & Bradstreet, Experian, Equifax and FICO and turned into a business credit score.

15 August 2017

Bearing Business Shines with Clean Tax

A recent survey found no mention of any Corporate Tax Avoidance by the Bearing Industry, according to the British media agency. The Tax Evaders group saw no body in bearings, but those lucky to make the 'Super Rich Club' are reported richer than ever, also without bearings

Netherlands and UK are biggest channels for corporate tax avoidance

The two countries are conduits for 37% of money heading to tax havens, most of which have strong links to Britain & Netherlands


Every year multinationals avoid paying £38bn-£158bn in taxes in the EU alone, using havens such as the Cayman Islands

Almost 40% of corporate investments channelled away from authorities and into tax havens travel through the UK or the Netherlands, according to a study of the ownership structures of 98m firms.


European commission to crack down on offshore tax avoidance

The two EU states are way ahead of the rest of the world in terms of being a preferred option for corporations who want to exploit tax havens to protect their investments.

The Netherlands was a conduit for 23% of corporate investments that ended in a tax haven, a team of researchers at the University of Amsterdam concluded. The UK accounted for 14%, ahead of Switzerland (6%), Singapore (2%) and Ireland (1%).

Every year multinationals avoid paying £38bn-£158bn in taxes in the EU using tax havens. In the US, tax evasion by multinational corporations via offshore jurisdictions is estimated to be at least $130bn (£99bn) a year.

The researchers reported that there were 24 so-called “sink” offshore financial centres where foreign capital was ultimately stored, safe from the tax authorities.

Of those, 18 are said to have a current or past dependence to the UK, such as the Cayman Islands, Bermuda, the British Virgin Islands and Jersey.

The tax havens used correlated heavily to which conduit country was chosen by the multinational’s accountants.

The UK is a major conduit for investments going to European countries and former members of the British Empire, such as Hong Kong, Jersey, Guernsey or Bermuda, reflecting the historical links and tax treaties enjoyed by firms setting up in Britain. The Netherlands is a principal conduit for investment ending in Cyprus and Bermuda, among others. Switzerland is used as a conduit to Jersey. Ireland is the route for Japanese and American companies to Luxembourg.

In terms of the purpose, on paper, of the corporate structures, the Netherlands specialises in providing holding companies. The UK provides head offices and fund management and Ireland offers financial leasing and the provision of head offices.

“Our results show that offshore finance is not the exclusive business of exotic small islands far away,” the researchers write in an article for theacademic journal Scientific Reports. “Countries such as the Netherlands and the United Kingdom play a crucial yet previously hidden role as conduits of offshore finance on its way to tax havens.”

Dr Eelke Heemskerk, who led the research, said that the work showed the importance of developed countries cleaning up their financial sectors.

He said: “In the context of Brexit, where you have the UK threatening, unless they get a deal, to change their model to be attractive to companies who want to protect themselves from taxes, well, they are already doing it.

“The Netherlands says they won’t let the UK be an offshore tax haven. That’s because they don’t want them taking their business.”


4 August 2017

SKF Settles BMW Cartel Lawsuit


GOTHENBURG, Sweden

SKF and BMW have settled their dispute pending before the High Court of Justice in London, United Kingdom, regarding damage claims resulting from SKF's settlement with the European Commission for violation of European competition rules. BMW initiated this lawsuit against several bearing manufacturers, among them AB SKF, in November 2016.

This settlement is not an admission of liability for damages, but is made in order to enable SKF and BMW to continue their long-standing commercial relationship.

The settlement will have an insignificant impact on the financial position of the Group.

Aktiebolaget SKF (publ)

The information in this press release is information which AB SKF is required to disclose under the EU Market Abuse Regulation (EU) No 596/2014. August 03, 2017


28 July 2017

Why Fake Bearing Claims Make No-Sense

Industry take serious concern when claims of Counterfeit products are reported, and for justified reasons; BearingCode has a similar view and will investigate every Fake bearing article albeit true or false

The latest news item written by stopfakebearings.com/news/ dated 2017-07-07 is another example of Fake Claiming not Fake Bearings, another alleged misleading and fraudulent statement

This news article is without Heading or Introduction: Stop Fake Bearings Quote

"19.000 counterfeit bearings found in Greece During spring 2017, SKF in cooperation with the local police authorities raided a dealer’s premises in North Greece, for whom there were strong suspicions that he was selling counterfeit SKF bearings. Indeed, the raid resulted in the seizure of 19.000 pieces of counterfeit SKF rolling bearings, with a total […] "Unquote"

Contents: No Heading No photos No People No Names No Dealers No Address No Police Report, No Value, No result, but somewhere North of Greece sometime in Spring with strong suspicions


15 July 2017

Bearing News to Believe, Grey or Otherwise

Rupert Murdoch's media conglomerate is an impressive global empire capable of making or breaking Kings & Queens; likewise, many Industries including Bearings have smaller but at times an equally powerful say

Murdoch's views are often controversial although US President Donald Trump now takes Rupert's daily phone calls for whatever reason perhaps not golf. Bearing Inc doesn't appear to have that same Trump golfing charisma

However, President Trump, Murdoch, Bearings Inc, Politicians all share a major consideration not controlled by any, Internet. And all cry foul when IT occasionally runs against them for whatever reason, particularly News Social Facebook

Bearing Inc not real attractive to Facebookers or a light social evening discussion, although bearing news can attract a VIP audience providing theirs spicy propaganda served

BearingCode with good reason, publishes IT news considered by some receivers as 'foul outrageous illegal and offensive', but to many others as 'about time'. Our charter clearly states on homepage..............
"Bearingcode is impartial, reports on events, news items, legal matters or otherwise about the global bearing industry but does not necessarily endorse commercial statement"

BearingCode internet site recently had physical damage by corrupt stats, manipulation of printed news, personal threats and attempted burglary. These acts are done by sophisticated equipped people and not by word of mouth or just happened by crying foul; but by person(s) who have violated their position to falsely harm, mislead VIP's & general Industry


8 July 2017

Counterfeiting SKF By SKF in Malaysia

SKF Claims "Authorities seize counterfeit SKF bearings in Sabah" - However, just faking their own SKF product to obtain free media at our expense

Dont be fooled, SKF is manufacturing their own bearings for Counterfeiting purposes and have been guilty of this crime since 23 January 2007. SKF Industries along with other major brands have received much accreditation for making fake claims and media coverage. Its alleged SKF remains the only bearing manufacturer still fabricating these Covert operations, profiting by fraud


The authorities going through the counterfeit SKF products during a recent raid


PETALING JAYA: SKF recently supported Malaysian authorities in a raid against a company trading counterfeit bearings in Sabah.

According to a statement issued by SKF, during the raid, more than 1,300 counterfeit SKF-branded products and boxes with counterfeit packaging and marking tools were seized. A wide range of products was seized, including goods used in palm-oil production, agricultural machinery, but also automotive spare parts.

Every year, SKF's Brand Protection Team participates in more than 100 raids against retailers, distributors and manufacturers of counterfeit products across all continents.

According to SKF, counterfeit bearings are not manufactured in traditional factories – they are made in small workshops, through illegal re-branding of low-cost, unreliable products with brand names of global brands, like SKF. This tricks end-users into believing they have purchased premium products, with SKF specifications and quality. If end-users get counterfeit bearings in their plants, it could pose a risk to their equipment, business and people.

The easiest way to verify authenticity is via the SKF Authenticate App (available for free via Apple AppStore and Google Play) or send their enquiries to genuine@skf.com.

http://www.thesundaily.my/news/2017/07/03/authorities-seize-counterfeit-skf-bearings-sabah

25 June 2017

Meeting on Counterfeit Parts & Materials, NOW ON

'CALCE' International Counterfeiting Conferences are Rare in Appearance, Strong on Detail with Innovation & Knowledge are well worth the effort and funding to attend, collect documentary evidence & guidance for your future protection

Commencing this June 27, 2017 and sponsored by University of Maryland, with senior academics & business leaders leading the forum to explain challenges and how best to combat Fakes as they arrive on the market place, no matter where your business may be


SYMPOSIUM on COUNTERFEIT PARTS and MATERIALS - June 27 - 29, 2017

Conference Chair - Dr. Diganta Das (diganta@umd.edu), Ph.D., CALCE/University of Maryland

 

June 27 - 29, 2017
The College Park Marriott Hotel and Conference Center
College Park, MD

 

Symposium on Counterfeit Parts and Materials

WHEN: June 27 - 29, 2017
WHERE: The College Park Marriott Hotel and Conference Center
Contact: Diganta Das (diganta@umd.edu)

Registration Now Open

About This Event | Scope | Draft Technical Program | Technical Committee


About This Event

SMTA and CALCE @ University of Maryland are pleased to announce the venue for the Symposium on Counterfeit Electronic Parts and Electronic Supply Chain. The program will be held June 27-29, 2017 at the The College Park Marriott Hotel and Conference Center. Do not miss this opportunity to learn from and share your insights with government, industry and academia who are addressing the counterfeit problem.

Changes in electronic supply chain had been fast and furious in the last decades and its impact on the practices of companies is still evolving. It is well understood that, the scourge of counterfeit electronic parts is related to the changes in supply chain but it is only one of the many impacts. This symposium will provide a forum to cover all aspects of changes in the electronic parts supply chain on how an organization performs part selection and management through whole life cycle of the parts.

This symposium will be valuable to quality and reliability manager, supply chain managers, brand protection specialists, inspectors, marketing and procurement policy makers, contracts and legal management, security specialists and government agencies. Our focus is to provide relevant information to the professionals that can be used for solving problems today while planning for a different business and technology environment in the future.


Scope

Topics will include:

  • Electronic parts distribution: current stage and evolution over time
  • Authentication techniques for securing electronic part supply chain
  • Inspection tools and techniques for detecting counterfeit parts
  • New areas of counterfeit concerns
  • Industry and international working groups and standards on electronic part supply chain and counterfeit electronic parts
  • Technological innovations in counterfeit detection
  • What are being counterfeited
  • Obsolescence and its link to counterfeit

Draft Technical Program

Tuesday, June 27

7:30 AM Registration and Breakfast Speaker
8:15 AM Opening Remarks Diganta Das, CALCE
  Session 1: Opening Session - New Concerns and Response
8:30 AM Keynote Address 1: "Cloned" Devices - How Similar or Different Are Those from Originals Thomas Sharpe, SMT Corp
9:15 AM SAE and its Role in Developing Suite of Counterfeit Electronics and Materiel Avoidance Standards Judith Ritchie, SAE International
9:45 AM Break: Visit with Exhibitors
Session 2: Standards Development to Fight Counterfeit
10:15 AM Risk Assessment in SAE 6171 Michael Azarian, PhD, CALCE
11:00 AM JESD-243, Who is it Intended to Serve. Lee Mathiesen, Lansdale Semiconductor Inc
11:30 AM Meeting the "Risk Assessment"™ Requirements of ISO 9001:2015, AS9100D or AS9120B Anne Poncheri, InterCEPT.
12.00 PM Lunch
1:00 pm Session 3: Panel Discussion on Role of Test Laboratories in Reporting
2:15 PM Break: Visit with Exhibitors
Session 4: Future Technologies for Tracking and Detection
2:45 PM Supply Chain Hardware Integrity for Electronics Defense (SHIELD) using Small “Dielets” Len Chorosinski, P.E., Northrop Grumman ES
3:15 PM Barricade: Authentication Testing of Integrated Circuits through Power Consumption Waveform Analysis Tom Bergman, Battelle
3:45 PM Advanced Detection of Electronic Counterfeits (ADEC) for Enhanced Supply Chain Assurance Against Sophisticated Counterfeits Andrew Portune, PhD, Nokomis, Inc.
4:15 PM Counterfeit Detection Using Power Spectrum Analysis Guillermo Loubriel, Ph.D., Sandia National Laboratories
4:45 PM Day Closure


Wednesday, June 28

7:30 AM Registration and Breakfast Speaker
Session 5: Counterfeits in Electronic Product Lifecycle
8:00 AM Keynote Address 2: An Overview of Historical Trends Relating to Suspect Counterfeit, Non-Conforming and High Risk Electronic Components Mark Snider, ERAI
8:45 AM The Authorized Bonafides - Definitions Matter Dan Deisz, Rochester Electronics
9:15 AM Existing Obsolescence Prediction Models Are Now Obsolete Bill Fliegel, MBA, Converge, an Arrow Company.
9:45 AM Break Visit with Exhibitors
10:15 AM Special Plenary Talk: A Systems Engineering Approach to Cyber Physical Systems Security (exhibitors and visitors welcome) Prof. John Chandy, PhD, UConn Center for Hardware Assurance, Security, and Engineering
Session 6: Detection of Counterfeit Parts
11:00 AM Supply Chain Maintenance Using Reverse Engineering Bill Cardoso, PhD, Creative Electron, Inc.
11:30 AM Inspection Tool and Techniques for Detecting Counterfeit Parts Peter Panaguiton, GIDEP
12:00 PM Lunch
Session 7: Tracking Parts through Supply Chain
1:00 PM Update on a Single Authentication Platform using DNA-Based Technologies Bob Macdowell Applied DNA Sciences
1:30 PM JTAG Interrogator to Validate Electronic Parts Lester Foster,Ph.D., Electronic Warfare Associates, Inc
2:00 PM Fraudulent Parts Reduction via RFID-Enabled Drone Inventory Management and Supply Chain Optimization Latasha Taylor Starr, University of Texas at Arlington.
2:30 PM Break: Visit with Exhibitors
Session 8: Views Across Supply Chain
3:00 PM Tiered Approach Sourcing of Electronics and DFARS Clause 252.246-7008 David Archibeque, IEC Electronics
John Petty, IEC Electronics
3:30 PM What is an Authorized Aftermarket Manufacturer Lee Mathiesen, Lansdale Semiconductor Inc.
4:00 PM Panel Discussion: Lessons from the Industry
5:00 PM Closing Observations Diganta Das, CALCE


Workshops
Thursday, June 29

8:00 AM Registration Chair Location
8:30 AM - 5:00 PM Implementation Process of SAE 6171: Tools and Methods to Detect Counterfeit Parts Michael Azarian, CALCE DeWalt Seminar Room - room 2164 Martin Hall
8:30 AM - 5:00 PM Use of Component Documentation and Supply Chain for Counterfeit Avoidance Diganta Das, CALCE DeWalt Conference Room - room 2162 Martin Hall


Technical Committee

Diganta Das, Ph.D., CALCE/University of Maryland, Conference Chair
Sally Arno, Freedom Sales
Bill Cardoso, Ph.D., Creative Electron
Karen Ebner, Raytheon Company
Kirsten Koepsel, Policy Analyst
Lisa Gardner, GAO
Kevin Sink, TTI, Inc.
Paula George, CIV DLA LOGISTICS OPERATIONS (US)
Watch for additional symposium information at www.smta.org/counterfeit.

For more information about conference participation or registration, contact Jenny Ng (jenny@smta.org) or Diganta Das (diganta@umd.edu).

The Center for Advanced Life Cycle Engineering (CALCE), the largest electronic products and systems research center focused on electronics reliability, is dedicated to providing a knowledge and resource base to support the development of competitive electronic components, products and systems.

Our mailing address is:
inform@calce.umd.edu

Our telephone:
Tel.: 301-405-5323
Fax: 301-314-9269

Copyright (C) 2017 CALCE. All rights reserved.

11 June 2017

Italian Ring Manufacturer a Bearing Leader


Prosino Srl is a market leader with a yearly production of more than 9.000.000 rings and world market presence since 1946, states Mr. Pietro Prosino the 3rd generation of Prosino Ring family

FIRST CLASS MANUFACTURING, TOP QUALITY

Bearing Spinning and twisting rings manufactured by an international producer of high quality components for the industrial world, that’s PROSINO. In the 60’s the company started to export their products from Italian domestic market all over the most important markets worldwide. Today is the most important producer of spinning and twisting rings and an appreciated supplier of other ring components in the industrial field, mostly high precision bearings. These achievements are the result of the endeavors of three generations of the PROSINO family, to use of the best raw material, an relentless R&D activity and an intact passion for the business since 1946, year of the company foundation.


Super precision bearings, more than 60.000.000 rings transported globally with major PARTNERS & CLIENTS


PROSINO S.R.L. IS PROUD OF ITS DEEP SPECIALIZATION AND ITS INDUSTRIAL ROOTS.

BY PRODUCING HIGH QUALITY RINGS THE COMPANY WANTS TO HELP MILLS AND MACHINERY MANUFACTURERS TO GET THE BEST PERFORMANCE FROM OF THEIR OPERATIONS.

STATE OF THE ART TECHNOLOGY, AUTOMATION, FOCUS ON QUALITY, PRODUCT CUSTOMIZATION AND FLEXIBILITY, THESE ARE THE PILLARS THAT PROSINO ACHIEVES WITH OUR LONG TERM PARTNERS


CONTACT DETAILS

PHONE: +39 0163 418444
FAX: +39 0163 418445
EMAIL: info@prosino.com
WEB: http://www.prosino.com/
ADDRESS: Via Garodino, zona Industriale D4, Grignasco, 28075 (NO), Italy

4 June 2017

Alleged Bearing, Burglary, Violation of Law, Established 1993 Continues

BearingCode received many comments from our article re 'Main Bearing Manufacturers Violation of Law' dated 16 April 2017

On 3 May 2017 we received from the SKF Bearing Group an alleged contentious threat of burglary to BearingCode's premises, if the news article ''Main Bearing Manufacturers Violation of Law' was not removed

BearingCode did not remove this news article and on 6 May 2017, persons unknown did attempt to illegally enter our premises

Action has been taken without an apology from SKF for this crime and enclose the SKF email in their home style

"Protect.Your.Home < jetboostin08@lanemini.net > SKF Group email home style"
Quote:

-----Original Message-----
From: Protect.Your.Home < jetboostin08@lanemini.net >
To: imcphe7911 < imcphe7911@aol.com >
Sent: Wed, May 3, 2017 7:46 pm
Subject: Get a New Alarm System with $100 Visa Gift Card from Protect Your Home

Get a New Alarm System with $100 Visa Gift Card from Protect Your Home








16 April 2017

Main Bearing Manufacturers Violation of Law, Established 1993

With proceedings for alleged Corruption against certain Bearing Manufacturers for Counterfeiting Fake News Complicity and Price Fixing, evidence collecting and previous behavior; the Cartel operations by these bearing companies commenced 24 years ago according to the French verdict concluded September 19, 2002

These Bearing Manufacturers, France EU Corruption Established 1993
"behavior constitute the most obvious violation of competition's law and are particularly reprehensible"

- SKF
- SCHAEFFLER (INA FAG)
- SNR (NTN)
- KOYO
- NSK (RHP)

http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=128&id_article=177

23rd September 2002 : Agreement on price in the sector of ball bearings: the Conseil de la concurrence sentenced the main manufacturers for a total amount of approximately 19 million euros > Version Française

The Conseil de la Concurrence has sentenced the main manufacturers of ball bearings on the French market for having enforced a cartel agreement. The Conseil de la Concurrence pronounced, for this practice referred by the French Minister of Economy, penalties of 19 014 000 euro (decision of September 19, 2002).

Agreement on gross prices and on granted rates of rebate

The Conseil de la Concurrence established that in 1993 and 1997, the Swedish company SKF, the French company SNR, and the German companies FAG and INA had closed links and agreed both on the level of increases in gross prices and on the rates of price rebate applied to distributors. Besides, the Conseil de la Concurrence also raised that, in 1993, the Japanese companies, Koyo and NSK, had agreed, with some of the above companies, on the level of price increases to be applied to several industrial customers.

The Conseil de la Concurrence underlined that such exchanges of information on evolutions of gross prices and rates of rebate, before these are announced and become actual, can favour artificial price increases. Indeed, the concerned companies are urged to proceed to such increases all the more as they are sure that their competitors will also increase their prices at the same moment.

The instruction also showed that distributors could not benefit from the technical aid of manufacturers when they supplied customers situated outside the agreed zone. The Conseil de la Concurrence considered that such a practice could hinder competition among distributors and, also, consolidate price agreements between manufacturers.

Serious practices that justify substantial financial penalties

These behaviours constitute the most obvious violation of competition's law and are particularly reprehensible as far as:

  1. they were repeated and covered a number of years,
  2. they concern ball bearings, indispensable material to the functioning of any mechanical machine and used in numerous branches of the economic activity. They have been implemented by ball bearings companies, sales of which on the French market accounted for nearly ¾ from the total of sales in 1998,
  3. they resulted in an artificial increase in gross prices of the sector: the increase in gross prices, announced by the manufacturers participating in the agreement (that is 3 % by the end of 1993, 4.5 % in the middle of 1994, 4.5 % at the beginning of 1995 and 3.5 % at the beginning of 1998), led to an accumulated increase of 16.4 % over the whole period. Even if gross prices are traditionally the subject of important rebates, these agreements could have an effect on the practised net prices, especially since rebates made also the subject of agreement.

Penalties

  • 7,900,000 euros to the company SKF-France
  • 32,000 euros to the company FAG France
  • 6,600,000 euros to the company SNR Roulements
  • 4,000,000 euros to the company INA Roulements
  • 162,000 euros to the company Koyo-France
  • 320,000 euros to the company NSK France (previously NSK-RHP France)

21 May 2017

Global Counterfeiting, Parts + Materials, Bearings & General

A must register now: Important gathering involving your business ethics June 27 - 29, 2017

The College Park Marriott Hotel and Conference Center - Maryland USA
https://www.smta.org/counterfeit/register_now.cfm - http://www.calce.umd.edu/

Full Program with many Technical Sessions
http://www.calce.umd.edu/symposiums/SCEP2017/SCEP2017Program.html

- New Concerns and Response: Are the counterfeiters getting too cunning?

- Standards Development to Fight Counterfeit: Are the standards bringing the industry together or separating them by their supply chain position?

- Future Technologies for Tracking and Detection: Can these newly introduced tools reach commercialization and reduce the burden of tracking and detection?

- Counterfeits in Material Product Lifecycle: What do the counterfeit reports tell us about the nature of counterfeiting?

- Detection of Counterfeit Parts: What is the current status of counterfeit part detection methods?

- Tracking Parts through Supply Chain: Can we bring the traditional and upcoming supply chain management tools into counterfeit prevention?

- Views across Supply Chain: Do you know your role and responsibilities?

- Why some Manufacturers may know the whereabouts of Counterfeiters?

16 May 2017

Giant Wind Turbine Falls on German Autobahn Truck Crash

German autobahn was blocked when the blade of a wind turbine fell across the road on Tuesday morning.

The giant turbine blade fell when the transporter which was transporting it was involved in an accident on the A33 autobahn near Bielefeld.

The blade was knocked across the entire width of the autobahn when another lorry ran into the back of one of the transporter’s escort vehicles.

The 61-year-old driver of the second lorry was injured in the incident, which left his vehicle badly damaged.

“Half the lorry was crushed,” a police officer on the scene told Rheinische Post newspaper.

The motorway was closed in both directions, causing several miles of traffic jams.

Police said it was not clear how the blade could be removed, and that the Autobahn would not be reopened before Tuesday afternoon at the earliest.

Germany is the third largest producer of wind energy in the world, behind the US and China. More than 26,000 turbines produce 13 per cent of its electricity.

The country has invested heavily in wind power as part of Angela Merkel’s energy transition policy, under which Germany aims to produce 60 per cent of its electricity from renewable sources by 2050.

Last year it produced almost a third of its electricity from green sources, chiefly wind and solar power.

The accident will not help the chronic traffic jams in North Rhine-Westphalia, Germany’s most populous state

Severe over congestion on the state’s roads was a major issue in regional elections at the weekend.

6 May 2017

Counterfeit Parts, Materials and High Risk Products Meeting

Join us for the *Meeting on Counterfeit Parts, Materials & High Risk Products* June 27-29, 2017 at The College Park Marriott Hotel and Conference Center Maryland USA

  • Does counterfeit activity fluctuate along with market demand?
  • Most frequently reported part types
  • Trends by year and part type
  • Risks to military versus commercial sector
  • Where are the counterfeit parts coming from?

Details:
http://www.calce.umd.edu/symposiums/SCEP2017/SCEP2017Program.html
https://www.smta.org/counterfeit/register_now.cfm

Event Registration

Save money and register today.
Discount Rates until May 31, 2017!



Technical Conference
Early Registration:
$425 SMTA or CALCE Member (non-member $525)
Regular Registration:
$450 SMTA or CALCE Member (non-member $550)
Includes Technical Sessions on June 27-28. Does not include workshops.

>Speaker Registration
$300
Includes Technical Sessions on June 27-28. Does not include workshops.

Single Day (Tuesday or Wednesday)
Early Registration:
$250 SMTA or CALCE Member (non-member $350)
Regular Registration:
$300 SMTA or CALCE Member (non-member $400)
Includes Technical Sessions on either Tuesday or Wednesday. Does not include workshops.

Workshops (June 29)
Early Registration:
$425 SMTA or CALCE Member (non-member $525)
Regular Registration:
$500 SMTA or CALCE Member (non-member $600)
(Includes Lunch)
Please note: courses will be located in Glen L. Martin Hall on the University of Maryland Campus.

Student Registration
$25 for the Technical Conference. No discount for Workshops.

Tabletop Exhibition (June 27-28)
Come and visit the exhibits for FREE. Plan to network with leading suppliers in the counterfeit industry.

  • Early Registration. Save on your registration until May 31, 2017.
  • Group Discounts. Register four people for the Technical Conference and pay for only three! The four people must be from the same company, and registrations must be submitted consecutively. The discount will be processed at SMTA headquarters, and is not available on-site.

















Technical Committee
Diganta Das, Ph.D., CALCE/University of Maryland, Conference Chair

Sally Arno, Freedom Sales

Bill Cardoso, Creative Electron

Karen Ebner, Raytheon Systems Company

Lisa Gardner, GAO

Jason Jowers, Velocity Electronics

Kirsten M. Koepsel, JD LLM, Policy Analyst

Paula George, Defense Logistics Agency (DLA)

Kevin Sink, TTI, Inc.

16 April 2017

Main Bearing Manufacturers Violation of Law, Established 1993

With proceedings for alleged Corruption against certain Bearing Manufacturers for Counterfeiting Fake News Complicity and Price Fixing, evidence collecting and previous behavior; the Cartel operations by these bearing companies commenced 24 years ago according to the French verdict concluded September 19, 2002

These Bearing Manufacturers, France EU Corruption Established 1993
"behavior constitute the most obvious violation of competition's law and are particularly reprehensible"

- SKF
- SCHAEFFLER (INA FAG)
- SNR (NTN)
- KOYO
- NSK (RHP)

http://www.autoritedelaconcurrence.fr/user/standard.php?id_rub=128&id_article=177

23rd September 2002 : Agreement on price in the sector of ball bearings: the Conseil de la concurrence sentenced the main manufacturers for a total amount of approximately 19 million euros > Version Française

The Conseil de la Concurrence has sentenced the main manufacturers of ball bearings on the French market for having enforced a cartel agreement. The Conseil de la Concurrence pronounced, for this practice referred by the French Minister of Economy, penalties of 19 014 000 euro (decision of September 19, 2002).

Agreement on gross prices and on granted rates of rebate

The Conseil de la Concurrence established that in 1993 and 1997, the Swedish company SKF, the French company SNR, and the German companies FAG and INA had closed links and agreed both on the level of increases in gross prices and on the rates of price rebate applied to distributors. Besides, the Conseil de la Concurrence also raised that, in 1993, the Japanese companies, Koyo and NSK, had agreed, with some of the above companies, on the level of price increases to be applied to several industrial customers.

The Conseil de la Concurrence underlined that such exchanges of information on evolutions of gross prices and rates of rebate, before these are announced and become actual, can favour artificial price increases. Indeed, the concerned companies are urged to proceed to such increases all the more as they are sure that their competitors will also increase their prices at the same moment.

The instruction also showed that distributors could not benefit from the technical aid of manufacturers when they supplied customers situated outside the agreed zone. The Conseil de la Concurrence considered that such a practice could hinder competition among distributors and, also, consolidate price agreements between manufacturers.

Serious practices that justify substantial financial penalties

These behaviours constitute the most obvious violation of competition's law and are particularly reprehensible as far as:

  1. they were repeated and covered a number of years,
  2. they concern ball bearings, indispensable material to the functioning of any mechanical machine and used in numerous branches of the economic activity. They have been implemented by ball bearings companies, sales of which on the French market accounted for nearly ¾ from the total of sales in 1998,
  3. they resulted in an artificial increase in gross prices of the sector: the increase in gross prices, announced by the manufacturers participating in the agreement (that is 3 % by the end of 1993, 4.5 % in the middle of 1994, 4.5 % at the beginning of 1995 and 3.5 % at the beginning of 1998), led to an accumulated increase of 16.4 % over the whole period. Even if gross prices are traditionally the subject of important rebates, these agreements could have an effect on the practised net prices, especially since rebates made also the subject of agreement.

Penalties

  • 7,900,000 euros to the company SKF-France
  • 32,000 euros to the company FAG France
  • 6,600,000 euros to the company SNR Roulements
  • 4,000,000 euros to the company INA Roulements
  • 162,000 euros to the company Koyo-France
  • 320,000 euros to the company NSK France (previously NSK-RHP France)

9 April 2017

Corporate Bearings Legal Dis-Order Resurrected

With a 'new age' anti-corruption wave in need of support against Corporate Crime, the bearing Industry led by SKF appear to ignore public opinion and return with old tired practices of Corruption once thought eliminated in 2014

Bearing Manufacturers from early 2000's collected 60 global Convictions, Jail and Penalties exceeding US$ 3 Billion for Corruption, Cronyism & Nepotism eg. http://europa.eu/rapid/press-release_IP-14-280_en.htm these bearing crimes described by the EU Commission as premeditated with late night secret meetings by leading executives, consented knowledge and know-how from ex Presidents of Schaeffler; and by SKF Tom Johnstone who is coincidentally back in control of counterfeiting and fake news

BearingCode cannot allow Legal Dis-Order to control our Industry and will fight to clean our products from this type of corporate Crime Fraud and Deceit.

You are assured that BearingCode will report all corruption as it happens, however, please remember we are fighting big business who have previous corrupt experience and all the necessary finance to manipulate the many corporate conspiracies currently in play

3 April 2017

SKF Industries Danger News Game Behind Faking Bearings

The idea of installing industrial fear without proof is not the exact guide to marketing products, but rather fraught with danger especially when SKF executives are personally involved in a fictitious scam now performed in African countries with fellow WBA members

And should jail terms be mandatory to cease this kind of false & deliberate promotion by SKF management that reaps deception and fraud with criminal intent be incarcerated in African Jails for 5 years, why not say Public Prosecutors

There are no Fake bearings in this photo - only to scare buyers into purchasing SKF branded products from SKF at expensive pricing, and if your not sure of the propaganda behind the sales pitch, simply buy another brand - cheaper & much fairer will be possible

Nice story printed by "BLOOMBERG NEWS" explains in lovely reading sales pitch that makes university marketing degrees worth the agonizing 4 years of stuff that your parents would not be proud of: https://www.bloomberg.com/news/articles/2016-10-13/forget-sham-rolexes-the-real-money-is-in-fake-ball-bearings

Quote: "One Tuesday morning last April, a blonde woman from Sweden stood out from the crowd, leading nine Kenyan officers to a storefront she believed was selling counterfeit goods. But they weren’t after knock-off handbags, watches or sunglasses. The shop specialized in a far less sexy -- and ultimately more dangerous -- fake product: ball bearings.

Overseeing the raid was Tina Aastroem, head of brand protection for SKF AB, a Swedish maker of bearings. Aastroem had cased the store six months earlier, concluding that many SKF products there, as well as those of rival manufacturers FAG and Timken Co., were fake. In the raid, her team spent hours sorting through boxes stacked from floor to ceiling--fueled by chicken ordered from the local KFC--and found $100,000 of counterfeit bearings for cars and other vehicles.

“It was about three tons that had to be inspected, lifted, packed and carried,” Aastroem said. “You don’t have to go to the gym to work out if you do this kind of work.” continues.....

Now, if you still believe in faking bearing stories particularly by SKF, its recommended to sit quietly in your garden looking for.......fairies

https://www.bloomberg.com/news/articles/2016-10-13/forget-sham-rolexes-the-real-money-is-in-fake-ball-bearings

17 March 2017

Wind Maker Falters, Bearing Industry Woes

According to Germany's Senvion Wind Turbine Manufacturer CEO Jürgen Geissinger and former President of Schaeffler Group, announced plans to cut 780 jobs to improve its competitiveness


The job losses will mainly affect its facilities in Husum, Trampe and Bremerhaven in Germany, according to released statement

The company plans to implement a restructuring programm to identify excess costs and opportunities to reduce production overcapacity. It will also invest in research and development, new technologies as well as the quality of its products and services.

Company managers will meet with employees’ representatives as soon as possible to start negotiations

The program is part of Senvion’s overall strategy, which management will detail when the company presents its 2016 financial results. Senvion already announced plans during its initial public offering to boost operating results.

The program will put the manufacturer on a path of profitable growth in a difficult environment

"Wind turbine makers are under strong price pressure and dealing with a shift in demand from established markets to growth regions in South America and Asia," quoted by statement

"There is no alternative to decisive changes in order to secure the long-term competitiveness of our company with 4,100 employees”, chief executive Jürgen Geissinger added


Mr Geissinger when CEO of Schaeffler Group was at the forefront of many issues with SKF President Tom Johnstone who in 2006 commenced World Bearing Association (WBA).

Price Fixing, Fake News and False claims of Counterfeiting were crippling the bearing Industry while the WBA alleged to receive free & misleading press coverage, still haunts manufacturers today with legal proceedings

Mr Tom Johnstone remains as SKF executive and is alleged the master of fake news for the SKF Group, WBA and BearingNet. Many articles on this topic are located in BearingCode's News Archives

3 March 2017

New Fake News, SKF & WBA Fake UK Raids

Yorkshire UK - raid discovers 1.5 tonnes of fake bearings - fake claims made by SKF and World Bearng Association (WBA). Although the infamous WBA has been in isolation since August 2016 with various legal matters relating to Fake news pending, have now been resurfaced by SKF

"Thousands of counterfeit bearings, weighing a total of around 1.5 tonnes, have been seized by the West Yorkshire Trading Standards authority after a raid on a distributor in the county. Industrial and automotive bearings in 170 types and sizes were confiscated"

"Members of SKF’s brand protection team who took part in the raid identified counterfeit versions of some of their company’s products. Bearings with other manufacturers’ names were also seized and these too are suspected of being non-genuine"

"Each year, SKF takes part in more than 100 raids against retailers, distributors and manufacturers of counterfeit products around the world"

“Customers who accidentally purchase counterfeit products are being cheated financially, risk damage to their machinery and incur expensive downtime as a result,” warns SKF engineering manager, Paul Dysiewicz. “They may also be liable to third-party damages.”



Some of the counterfeit bearings seized in the West Yorkshire UK - New claim of Fake News 'No photos of Bearings - only packets

"If you think that you might have been sold counterfeit SKF products, there is a free smartphone app, called SKF Authenticate, that you can use to send photos of the suspect products to SKF for verification. The app is available from the Apple App Store or Google Play. You can also e-mail pictures of the bearings to genuine@skf.com."

SKF and with other bearings manufacturers have launched a counterfeit awareness campaign through the World Bearing Association (WBA).

Related Story to this Fake News: 26 Tonnes of fake bearings are destroyed in Germany

http://drivesncontrols.com/news/fullstory.php/aid/5347/Yorkshire_raid_discovers_1 .5_tonnes_of_fake_bearings.html

8 February 2017

SKF Fake News & Counterfeit Bearing Corruption (Again)

What can only be described as Fraud Treachery and Thuggery; since 2006 the SKF Bearing Group has hoodwinked Global Industries with false claims of counterfeiting their own product. The latest SKF Fake News 31 January 2017 is based on 15 tons of Fakes found in Greece with staged legal proceedings

Over 16 years these SKF fraudulent claims were released with photos, however this time SKF requested photos on request only. One likely reason, photos can be easily identified as Non Fake or classified as genuine from a visual or forensic quick check

Up to 2016, 'StopFakeBearings' were originally involved with SKF however, this group has either temporally suspended their Corruption & Counterfeits or rightfully decided to quit the 'hoodwink' due to legal decisions that penalized the members incl. SKF US$3 Billion 60 Convictions and 9 jail sentences for executives. Arrogantly now on their own, SKF Industries are firmly on collusion course with Global Law Authorities for continuing alleged corruption


http://www.skf.com/group/news-and-media/news-search/2017-01-31_skf_destroys_15_tons_of_fake_bearings.html

SKF has recently completed legal proceedings against a dealer of counterfeit bearings in Greece. Initiated in 2009, a total of 15 tons of counterfeit SKF bearings were seized as part of a raid at a dealer’s warehouse in the area of Piraeus, with whom SKF had no business relationship during these years. The bearings have now officially been declared counterfeit by the Greek courts system, resulting in their destruction.

The raid in 2009 resulted in the seizure of 17,000 pieces of counterfeit rolling bearings, with a total weight of 15 tons and a market value of over EUR 1,000,000 These have now been destroyed at a metal recycling facility in Greece, by crushing them in a scrap press, to ensure they will not resurface on the market.

A wide range of companies from the marine and other industrial sectors were affected by the counterfeit SKF bearings sold by this non-authorized dealer in the Piraeus area. Instead of getting the premium quality product they thought they were purchasing, the customers ended up with products of unpredictable quality and performance.

“We are very happy that this case is officially closed and has resulted in a positive outcome for SKF and our customers. We will continue to fight the problem of counterfeit products and importers in Greece. This is vital for us in order to protect our customers and their business as well as the reputation of the SKF brand”, says Rania Patsiopoulos, Managing Director, SKF Hellas S.A.

SKF actively supports law enforcement globally to stop the trade of counterfeit SKF products. This trade is illegal and may lead to substantial fines or imprisonment.

“Counterfeit industrial products like bearings are not bought intentionally by customers, so the best way to fight counterfeit is to raise awareness. Customers who accidentally purchase counterfeit products are being cheated financially and risk damage to their machinery and expensive downtime”, says, Tina Åström, Director, SKF Group Brand Protection.

The financial damage resulting from the counterfeit products is difficult to quantify. Lost sales and significant loss of image are definitely some of the consequences. Dealers that sell counterfeit products risk both financial damage as well as their credibility and reputation.

SKF urges its customers to carefully select their supplier of SKF products. The best way to safeguard authenticity is sourcing through distributors authorized by SKF.

End customers that install counterfeit components will suffer the most. A recent case proved once again that significant damage can be caused by the failure of a rolling bearing. An anonymous customer says: “We spent EUR 100,000 on large size bearings, purchased from an un-authorized supplier. We needed the bearings urgently and the supplier matched our required lead time. Their failure was a fact after only a few months, while the expected service life was several years. We faced costly downtime and broken promises to our customers. All this could have been avoided, by more awareness and caution in our sourcing. We will not allow this to happen again.”

To distinguish a counterfeit bearing from an authentic SKF bearing often requires expertise. Customers that suspect they might have been sold counterfeit products should use the SKF Authenticate app for smartphones to take and send photos of suspect products directly to SKF for verification. The app can be downloaded for free from Apple App Store or Google Play. They can also e-mail pictures of the suspected bearings to genuine@skf.com

All premium brands are affected by counterfeit products. SKF, along with other bearing manufacturers affected by counterfeiting are working to fight against this problem and have launched a counterfeit awareness campaign through an umbrella organization, World Bearing Association (WBA). The campaign aims to make customers aware of the risks and problems with counterfeits. More information can be found at www.stopfakebearings.com

3 February 2017

Bearing Virus Infecting Distributors & Manufacturers

There is a New Computer Virus circulating the Bearing Industry worldwide of significant consequence by way of 'attachment'

The Virus was first noticed Wednesday am 1st February 2017, sent by persons unknown believed from Sweden Germany or Russia, that will infect your address book by auto-forwarding to every person listed the same Virus message how to unload attachment "Safely & Security"

The Golden Rule: Never download unknowns including from your Parents, Relations or Best Dealer Friend

Further details: Ian McPherson - Bearingcode.com

3 February 2017

Counterfeit Parts and Materials Conference USA

An academic view into Counterfeiting will be conducted by the UNIVERSITY OF MARYLAND, CALCE & SMTA at The College Park Marriott Hotel and Conference Center 27 - 29 June 2017, and with representatives from BEARINGCODE

WHEN: June 27 - 29, 2017
WHERE: The College Park Marriott Hotel and Conference Center
Contact: Diganta Das (diganta@umd.edu)

CLICK HERE to submit an abstract.
DEADLINE FOR ABSTRACTS: March 20, 2017

About This Event

SMTA and CALCE @ University of Maryland are pleased to announce the venue for the Symposium on Counterfeit Electronic Parts and Electronic Supply Chain. The program will be held June 27-29, 2017 at the The College Park Marriott Hotel and Conference Center. Do not miss this opportunity to learn from and share your insights with government, industry and academia who are addressing the counterfeit problem.

Changes in electronic & bearing supply chain had been fast and furious in the last decades and its impact on the practices of companies is still evolving. It is well understood that, the scourge of counterfeit electronic parts is related to the changes in supply chain but it is only one of the many impacts. This symposium will provide a forum to cover all aspects of changes in the electronic parts supply chain on how an organization performs part selection and management through whole life cycle of the parts.

This symposium will be valuable to quality and reliability manager, supply chain managers, brand protection specialists, inspectors, marketing and procurement policy makers, contracts and legal management, security specialists and government agencies. Our focus is to provide relevant information to the professionals that can be used for solving problems today while planning for a different business and technology environment in the future.

Scope

Topics will include:
  • Impact of global supply chain changes on the component management practices: quality, reliability, manufacturability
  • Electronic parts distribution: current stage and evolution over time
  • How distributors can prepare themselves to be part of the solution against counterfeit parts
  • Federal procurement practices and its impact on electronic supply chain
  • Authentication techniques for securing electronic part supply chain
  • Inspection tools and techniques for detecting counterfeit parts
  • New areas of counterfeit concerns: materials, energy storage
  • Industry and international working groups and standards on electronic part supply chain and counterfeit electronic parts
  • Cybersecurity concerns associated with counterfeit parts and materials



  • Abstract Submissions/Contact

    Please provide an abstract (within 300 words) on any relevant topics by clicking here no later than March 20. The final presentations are due June 15th, 2017. Proposals for half and full day workshops on topics of common interest on component management are also being accepted until March 1, 2017. Please submit your proposals with detailed outline, bio of instructor, list of prior offerings and the expected audience.

    Technical Committee

    Diganta Das, Ph.D., CALCE/University of Maryland, Conference Chair
    Sally Arno, Plexus Corporation
    Bill Cardoso, Ph.D., Creative Electron
    Karen Ebner, Raytheon Company
    Kevin Sink, TTI, Inc.

    Watch for additional symposium information at www.smta.org/counterfeit.

    For more information about conference participation or registration, contact Jenny Ng (jenny@smta.org) or Diganta Das (diganta@umd.edu).

    The Center for Advanced Life Cycle Engineering (CALCE), the largest electronic products and systems research center focused on electronics reliability, is dedicated to providing a knowledge and resource base to support the development of competitive electronic components, products and systems.

    Our mailing address is:
    inform@calce.umd.edu

    Our telephone:
    Tel.: 301-405-5323
    Fax: 301-314-9269

    Copyright (C) 2017 CALCE. All rights reserved.

    2 February 2017

    Russia's Nuclear Giant Rosatom & Wind Energy Bearings

    Russia's nuclear agency Rosatom said Tuesday that it was joining with a Dutch company to create a wind turbine venture, hoping to tap a domestic market worth billions of euros each year, and are Bearings to be considered Russian made ?

    http://energy.economictimes.indiatimes.com/news/renewable/russias-nuclear-giant-rosatom-pushes-into-wind-energy-joing-with-a-dutch-firm/56903845

    The Russian government wants wind energy to generate two percent of the country's electricity output by 2024, and Rosatom already has a contract to build 26 wind farms in the south of the country.

    It had been looking for a foreign partner, and said it had joined with Lagerwey, a Dutch turbine specialist.

    Rosatom's deputy chief, Kirill Komarov, said the goal was not only to build turbines, but to shape regulations for the sector and train specialists.

    The venture aims for initial capacity of 610 megawatts between 2018 and 2020.

    Rosatom estimates that wind generation could eventually produce 3.6 gigawatts a year for annual revenue of some 200 billion rubles (3.1 billion euros, $3.3 billion).

    The agency operates 10 nuclear plants in Russia, and has built several dozen others in Russia and for export http://www.rosatom.ru/en/

    16 January 2017

    Bearings News for the Faint-Hearted

    Possible counterfeit large-size bearings delivered by RodaNet in Spain, writes the Editor of Bearing-news India & China for SKF Spain more fake news: http://www.bearing-news.com/possible-counterfeit-large-size-bearings-delivered-rodanet-spain/

    "SKF would like to draw your attention to imports of goods, that SKF has determined to be counterfeit, by RodaNet, a company based in Spain. If you have purchased SKF products from this company, we recommend that you locate the products and take steps to ensure their authenticity, even if they are already being used by an end-user."

    If you believe in this, then you should believe in fairies at the bottom of the garden

    "If you have purchased products from RodaNet, there is a substantial risk that the products are counterfeit. SKF therefore recommends that you trace these products, taking steps to ensure their authenticity. When possible, also control authenticity of products already mounted by users. Authentication can be received by emailing photos of the products to SKF on genuine@skf.com, or by using the SKF ‘Authenticate app’ to take photos of the suspect products. Please make sure that all markings on the 'bearings' are clearly visible in the photos…"

    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