Looking For Bearings?
All Types Of High Quality Bearings. Extensive Inventory, Fast Shipping.Find Exactly What You Want Today!
bearings
Bearing Manufacturer  Products  Miniature Bearings  Skateboard Bearings  

Concerns for Bearing Industry Direction

By Bearing Manufacturer>Bearing News>Concerns for Bearing Industry Direction
©2004-2012

The Skateboard Bearings Industry Code of Conduct has been highly critical towards the corrupt activity of SKF and Schaeffler, however there's an even greater concern on the horizon.


Firstly, the SKF-Schaeffler 'Price Fixing Cartel' conviction without apologising for ripping mega millions from global customers and more recently the 'Schweinfurt catch' Fake counterfeit fraud, currently under review by governing criminal prosecutors. Coupled with Schaefflers takeover of the Continental Group now in free-fall from 75 Euros to 19 Euros a share translating into a massive loss that could break banks and other financial institutions from lending to the Schaeffler family, an unprecedented fallout.


Secondly, the severe downturn in the Automotive Industry caused by global warming, oil shortage, credit crunch etc. with people opting for public transport. And now with Thompsons Reuters report on the Industrial industry in decline illustrated by Timken and Kaydon shares losing ground.


Thirdly, China's diminishing capacity for the thirst of commodities, Japan daunting double digit Recession, global population doubles over 15 years, world banks in turmoil and trading futures no where to go.


The Boards of Deep Groove Ball Bearings Corporations should take notice of these pending demographics and if necessary replace those Directors responsible for known illegal activity, speculative behaviour and corporate greed to a more conciliatory attitude to cope with current global concerns.


F T 
Latest Articles
The Deep Groove Ball Bearing
The improvements design of non-standard ...
The selection of universal wheel ...
How to Choose Bearing Lubricating ...
Full disclosure about bearing materials
Electroplating Bearings
Bearing lubricant is one of the key ...
Details of Choosing Bearings from Other ...
Introduction of the structure and ...
The delivery details of bearing
Latest Topic
K95X103X40-ZW Needle Roller And Cage
RSTO17 Yoke Type Track Rollers
30305 Tapered Roller Bearings
606 2RS Bearings
6004 2rs Bearings
NK100/26 Bearings
PI324024 Inner Rings
6018 2rs Bearings
Hybrid and Full 71900C Ceramic Angular
WS81148 Shaft Locating Washers
Category

Dental Bearings
Rc Bearings
Bicycle Ceramic Bearings
Miniature Thrust Bearings
Flanged Ball Bearings
Ceramic Bearings