Date: 2013-08-01

Influx of Surplus Inventory Affecting Bearings Market Pricing

Fluctuating prices in the market and an increase in counterfeit products are some of the challenges currently facing the South African bearings indus- try, says bearings manufacturer Timken South Africa MD Danie Coetser.

An influx of surplus stock from international bearings manufacturing companies looking to reduce inventory volumes has resulted in price fluctuations. He says that the local bearings industry has remained stable for a number of years and that, previously, there had not been frequent changes in the prices of bearings, adding that the attempts by international companies to offload inventory stock at reduced prices have changed the local market.

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