Schaeffler and Timken are both considering a bid for ABB's mechanical power transmission business. The business could sell for about $1.5 billion. The business is also likely to attract interest from other industrial companies, such as RBC bearing Inc., as well as acquisition companies.
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On June 2, SKF SKF (China) Sales Co., Ltd. and China Railway Engineering Services Co., Ltd. signed a strategic cooperation agreement in China Railway Industrial Park, Jinniu District, Chengdu. Tang Yurong, senior vice president of SKF group and President of Asia, and Mou song, deputy secretary of the Party committee and general manager of China Railway Industrial Services signed the agreement on behalf of both parties. The strategic cooperation is based on the cooperation agreement of shield equipment rep project signed in May 2018. With the goal of improving the performance of shield equipment and providing the whole life cycle service of shield machine, the two sides further establish a comprehensive and long-term strategic cooperation relationship in the aspects of main bearing condition monitoring and intelligent diagnosis, main transmission performance improvement and main bearing remanufacturing. Tang Yurong, senior vice president of SKF SKF group and President of Asia
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hrough the integration of new steel and special heat treatment technology Prevent early damage caused by hydrogen
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