Daily News

Acquistion of UK-based business expands Timken roller bearing housed unit offering

North Canton, OH -- The Timken Company has reached agreement with ERIKS NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, UK.
Nov 18, 2014 9:29AM

Six unemployed people for every job vacancy in Canada

Ottawa – Statistics Canada today said Canadian businesses reported 234,000 job vacancies in August 2014, relatively unchanged compared with August 2013. There were 6.0 unemployed people for every job vacancy, little changed from 12 months...
Nov 18, 2014 9:03AM

Atlas Copco appoints new managers in Canada

Mississauga, ON – Michael Marion and Cormac Kerins have been appointed to new positions with Atlas Copco Portable Energy Canada. Marion has been named national business development manager and Kerins is now the product and business...
Nov 18, 2014 8:40AM

Understanding changing oil prices: November 2014 update

Ottawa – It’s becoming common knowledge that world oil prices have plunged more than 20% since June 2014, made evident by plummeting prices at the pumps at gas stations across North America. According to the Conference Board of...
Nov 18, 2014 8:30AM

Industrial power transmission distributors see rise in orders in third quarter

Chicago - The PTDA Business Index for the third quarter of 2014 (3Q2014) from the Power Transmission Distributors Association, a global association for the industrial power transmission/motion control (PT/MC) distribution channel, indicates...
Nov 18, 2014 8:29AM

Timken Co. opens new headquarters

North Canton, OH - Bearing manufacturer the Timken Company has completed its new headquarters after a $65-million expansion and renovation of its old research centre in Stark County, Ohio. Earlier this year, Timken spun off its steelmaking...
Nov 18, 2014 8:15AM

New fundraising record set by PTDA Foundation in 2014

Chicago - Industry support for the PTDA Foundation’s signature project, the Industrial Careers Pathway (ICP), reached record heights in 2014, surpassing all expectations, with a final total of nearly $310,000 (US). This was more than 50%...
Nov 18, 2014 8:13AM

Three in four adults across 10 countries fearful that cyber attacks could damage their country's industries

Houston – Three quarters of surveyed adults (75%) across 10 countries say they are fearful that cyber hackers are carrying out attacks on major industries and sectors of the economy in their countries, according to the results of a study...
Nov 12, 2014 6:10AM

2014 manufacturing technology orders in the US up 5.2% in September

McLean, VA  - September 2014 US manufacturing technology orders totalled $647.63 million, according to AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program,...
Nov 11, 2014 8:52AM

Fourth annual World of Pumps Quiz launches

Seneca Falls, NY – ITT Corporation’s Goulds Pumps brand is launching the fourth annual World of Pumps Quiz, an online pump knowledge game that has attracted industry contestants from more than 150 countries. The latest version of...
Nov 11, 2014 8:33AM

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