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“To maintain and enhance the exponential growth that Fersa has been experiencing in recent years” is the objective set by Rafael Paniagua when he took office as the new CEO of the Zaragoza-based multinational company dedicated to the design, manufacture and distribution of high-performance bearing solutions for the automotive, industrial and energy markets.
Rafael Paniagua, has assured his commitment “to Fersa’s excellence and sustainable growth” and has stated that “together with the team, we will take this great company to new heights, merging local experience with global perspectives.
More on: Rafael Paniagua takes over his position as FERSA’s new CEO
NTN Corporation (hereafter, NTN) announced that it proposed the Basic Technological Development Project for Low-Cost and Advanced Hydrogen Refueling Stations (hereafter, the project), together with corporations and institutions such as Kyushu University, in the “Technological Development Project for the Building of a Competitive Hydrogen Supply Chain” publicly offered by the New Energy and Industrial Technology Development Organization (hereafter, NEDO), and it was adopted as a development theme. NTN will contribute to the development of hydrogen infrastructures and the spread of next-generation energies by utilizing our tribological technologies and know-how in the hydrogen environment.
The Timken Company will release its 2023 fourth-quarter and full-year financial results on Monday, Feb. 5, prior to the opening of the New York Stock Exchange.
The company will host a conference call that day to discuss its financial performance with investors and securities analysts.
The financial results and conference call materials will be available online at http://investors.timken.com.
NTN Europe announces the launch of its new range of SNR shock absorbers, 100% gas-filled, comprising nearly 800 part numbers.
As the European leader in the manufacture of suspension bearings, this advancement strengthens our ongoing commitment to quality and innovation. With coverage of over 80% of the European car park, these shock absorbers offer exceptional performance, increased durability, and universal adaptability, thus meeting the evolving needs of the market.
The Timken Company has acquired Lagersmit, a Netherlands-based manufacturer of highly engineered sealing solutions for demanding marine, dredging, water, tidal energy and other industrial applications.
“Lagersmit adds engineered sealing products to our portfolio and strengthens our presence in the attractive marine market,” said Christopher Coughlin, Timken executive vice president and president of Industrial Motion. “The business serves leading propulsion manufacturers, ship owners, pump makers and other industrial customers around the globe that require advanced sealing systems. Lagersmit is a high-quality brand with premium products that are highly complementary to our existing portfolio.”
Lagersmit was founded in 1856 and employs approximately 90 people. The business is expected to generate around $40 million in revenue in calendar year 2023. Results for the business will be included in the Industrial Motion segment.
More on: Timken Adds Engineered Sealing Solutions to Portfolio with Lagersmit Acquisition – Dec 21, 2023
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