NSK Ltd. has developed its 7th generation of low-friction tapered roller bearings. This product can help to increase vehicle range through improved fuel/electricity consumption achieved by reducing friction by an average 20% over the entire rotation speed range. NSK aims to achieve annual sales of 15.0 billion yen by 2030 for this product, including existing models....
Schaeffler AG published its results for the first quarter of 2024 today. Revenue for the first three months was 4,085 million euros and thus remained approximately flat with prior year at constant currency (4,152 million euros). Revenue declines at the expanded and renamed Bearings & Industrial Solutions division were offset by growth at the Automotive Technologies division as well as at the Vehicle Lifetime Solutions division, the Automotive aftermarket business....
The board of directors of The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today approved a 3 percent increase in the company’s quarterly cash dividend, raising it to 34 cents per share. The dividend is payable on May 28, 2024, to shareholders of record as of May 14, 2024....
Steel industry project showcases the use robotics in safety management – supporting the vision of achieving the lowest accident frequency rate in the industry by 2025....
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