The US imposed the first round of tariffs on imports from Chinese manufacturers on everything from gas turbines to self-propelled bulldozers – and bearings – on July 6, 2018. A second set of tariffs went into effect on August 23, and a third wave has been extended until September 5.
CCTY Bearing Company has expanded its forging capabilities with a new factory. In addition to more space for forging, the facility has onsite turning and heat treatment.
When bearings are needed for advanced applications that require higher speeds, higher loads, non-standard dimensions or rougher environmental conditions, engineer-focused bearing manufacturers design solutions that fit the unique requirements of the application. In the process of doing so, they require more up-front information from OEMs.
After decades of living under gray skies, Chinese officials are getting serious about environmental laws. Within the past year inspectors have fined or charged 80,000 factories with criminal offences.
Bearing suppliers can range from distributors that sell a few pieces to those that stock OEM inventory. When working with a bearing distributor, you want someone that can meet your requirements. Below are five things that you should seek in a bearing partner:
Long-term agreements (LTA) reduce risk for both the manufacturer and buyer. That risk ranges from inventory supply to overall costs. One of the many factors that go into determining the language of bearing contracts is metal exchange rates.
Bearing distributors are a vital business partner. After all, they provide the components that make your finished products move. However, there may come a time when you should re-think the partnership – either as a growth initiative or due to a breakdown in the relationship.
Bearing distributors can be a manufacturer’s best friend. They provide a range of bearings along with well-stocked inventories. Here are a few things to keep in mind when searching for a new bearing provider:
As a bearing suppler, we have seen our share of long-term agreements (LTA). And, we’ve learned a few things about what makes some more successful than others. Below is 20 years of insight on how to best approach the arrangement.
With payroll cutbacks in certain industries, buyers are finding that they have more responsibility and less time to accomplish daily tasks. Naturally, many have started to limit meeting with potential suppliers.
Since new vendors can bring money- or time-saving solutions, it is wise to continue hosting meetings. However, it only makes sense to have them with pre-screened suppliers. Below are three ways to quickly assess if a company is worth a scheduled meeting: