Date: 2013-08-01

Rexnord Lost up to $20 Million Due to Blast

Rexnord Lost up to $20 Million Due to Blast

The parent company of Falk Corporation says it lost up to 20 (m) million dollars in sales because of an explosion last month that killed three people and injured dozens.

Rexnord Corporation says it expects to report net sales of more than 283 (m) million for the three months that ended December 30th, which is up seven percent from the year before.

But it would have been 15 to 20 (m) million dollars higher, had it not been for the December sixth explosion. It demolished 80-thousand square feet in warehouse, storage and non-production buildings.

Rexnord officials say the company's two (b) billion dollar insurance policy will cover the damage.

Rexnord and Falk make gears, couplings, chains, bearings and other industrial components.

Officials are still investigating the blast's cause.

Previous: Timken Co. Expansion Will Benefit Canton
Next: JTEKT Receives Trade and Industry Award for LFT-III Bearing(Pic)

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
PI263220 bearing	41.275		31.75
PI263216 bearing	41.275		25.4

【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.