Date: 2013-08-01

FAG lands Finnish machinery contracts

FAG Kugelfischer Georg Schaefer AG (Germany, a wholly-owned subsidiary of INA Holding, Germany) landed additional orders from Finland's Metso Corporation, giving FAG most of the company's bearing business.

Metso is the world's largest manufacturer of heavy machinery for both fiber and paper mills, and rock and mineral crushing and processing. Tracing its roots back to 1750, Metso itself was formed in 1999 by the merger of two major competitors, Rauma and Valmet. In 2000, Metso acquired Beloit's U.S. papermaking machinery operations and the rock crushing machinery operations of Sweden's Svedala Industri AB.

Metso has annual sales of approximately € 4 billion.

Improving its penetration will more than double FAG's sales to Metso, from € 5 million in 2003 to € 10 million by 2005.

Previous: Bearing industry hard hit by industrial inventory replenishment slowdown
Next: HRB join hands with Shanghai Yuwei Bearings

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
CFES12-1UU IKO		32	15.2
CFES12-1R IKO		32	15.2

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.