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he Spanish multinational Fersa, a specialist in the design, manufacturing, and distribution of bearings and mobility solutions for the automotive, energy, and industrial sectors, welcomed the Mayor of Zaragoza, Natalia Chueca, to its new factory in the Chinese city of Jiaxing on the afternoon of Saturday, February 15.
The meeting took place as part of the mayor’s tour in the Asian giant, within the framework of the commercial mission being carried out by the Zaragoza City Council to position the city as an attractive hub for Asian investors.
More on: The Mayor of Zaragoza, Natalia Chueca, visits Fersa’s new factory in the Chinese city of Jiaxing
The Timken Company will participate in three upcoming investor conferences. Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, vice president of investor relations, will participate in the Evercore ISI Industrial Conference on Tuesday, March 4, 2025, the D.A. Davidson Best-of-Breed Bison Virtual Conference on Friday, March 7, 2025, and the Loop Capital Equity Research Conference on Tuesday, March 11, 2025.
More on: Timken to Participate in Upcoming Investor Conferences – Feb 18, 2025
n September 2024, SKF announced the decision to initiate a separation of its Automotive business with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to its shareholders.
As the separation process continues, SKF now launches a consent solicitation to holders of its notes, in relation to the contemplated spin-off and to confirm that it will not cause an event of default under the conditions of the notes.
SKF is seeking the consent as a matter of prudence and in order to avoid any potential uncertainty in the future. SKF does not consider that there has been an event of default under any series of the notes.
As previously communicated, SKF considers that the contemplated spin-off of its automotive business would facilitate a clearer focus on distinct opportunities to enhance customer value, accelerate growth, improve competitiveness as well as providing long-term value benefiting customers, employees and other stakeholders.
More on: SKF Group homepage | SKF
At bauma 2025 in Munich, Schaeffler will highlight how technological innovations and optimizations contribute to making the construction equipment industry more sustainable and efficient. In addition to the electrification of drives and operating functions, the Motion Technology Company also relies on the consistent use of low-friction rolling bearings and sensors. The objective is to further increase the efficiency of construction equipment and reduce TCO (total cost of ownership).
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