*Forward-Looking Statements: This release contains forward-looking statements that are based on managemen
SKF confirms its target of 10% operating margin level as well as its target of 24% sales growth, in local currencies, within the four-year period ending 2006, also after the divestment of Ovako. The target remains unchanged, said Tom Johnstone, President and CEO of SKF at the Group's Capital Market Day in Sao Paulo on Tuesday. The 24% equals an …
For the first time since integration, INA and FAG will be exhibiting together at Hillhead 2005, the international showcase event for the minerals and heavy construction industries. With over 180 years of expertise in bearing technology, INA and FAG have successfully developed innovative, quality products and services to meet the extremely ha…
TEHRAN, Iran -- Iran on Sunday ended nearly four decades of production of the country's most popular car, the shoebox-like Paykan, the state-run television reported. The car was first manufactured in 1967 and more than 2.2 million were produced, but it became an environmental hazard and a major cause of pollution in Iran. An estimated 40 per…
MOSCOW -- Mikhail Khodorkovsky, whose Yukos oil company was dismantled by the state during the 19 months he has spent in jail, is to hear the verdict against him Monday in the most closely watched trial of post-Soviet Russia. His politically charged trial on charges of fraud and tax evasion has been widely seen as Kremlin revenge for the sup…
(Oxford, CT – January 4, 2005) RBC Bearings Incorporated completed an agreement with Networks Electronic Corporation to purchase its U.S. Bearing business located in Chatsworth, California. RBC Bearings is a global manufacturer of highly engineered, precision bearing products for the industrial, aerospace, and defense markets. This acquisition…
The Board of Directors Meeting the company held on May 12, Thursday, has passed the agenda for executive changeover as follows: Executive changes as of June 29 upon final approval at the Ordinary General Shareholders Meeting to be held on June 29, as well as at the Board Meeting to be held on the same day: Change of Representative 1) New …
Orkot Marine Bearings will introduce Trelleborg Group partners Busak + Shamban Norge and Trelleborg Industri on shared Stand B01-31 at Norshipping this year and featuring the low-friction TXM Marine grade bearing material that can run continuously unlubricated, as well as the classic TLM composite material, approved by all the main classificatio…
