Bearings Industry On a Roll in U.S.

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Researched by Industrial Info Resources (Sugar Land, Texas)--Ball, plain and roller bearings demand is forecast to grow 4.4% annually through 2017, according to Bearing-news.com. Ball Bearings are expected to emerge as the highest growth segment over the next few years. Industrial Info is tracking six bearings projects totaling $65 million in the United States.

In South Carolina, Schaeffler Group USA Incorporated (Fort Mill, South Carolina) is performing a $36.5 million expansion at its thrust bearings manufacturing plant. The company is constructing an additional 64,200-square-foot corporate building and 38,600 square foot expansion of its current manufacturing facility. Construction began in the fall of 2016 and is anticipated for completion by the summer of 2017.

Also in South Carolina, Koyo Corporation of USA is performing a $10 million upgrade of equipment at its Orangeburg bearing plant, installing furnace, lathe, grinder and mill additions. Construction began in the summer of 2015 and is anticipated for completion in the fall of 2020. In Walterboro, a $4.5 million roller bearings manufacturing plant renovation is occurring at the existing 48,000-square-foot manufacturing building, and the company is installing new tapered roller bearing production lines. Construction began late in 2015 and is anticipated for completion in early 2017.

In New Jersey, a $2 million bearings manufacturing plant upgrade in Thorofare will consist of installing computer numerical control (CNC) machining equipment and systems to increase operation capacity. Construction is anticipated to begin in spring of 2017 and anticipated for completion in the fall of 2017.

In Flowery, Georgia, a $9 million branch roller and ball bearing manufacturing plant upgrade will entail installing high speed rotating machinery and power grease lubrication equipment. Construction is anticipated to begin in spring of 2017 and anticipated for completion in the fall of 2017.

In Altavista, Virginia, a $3 million wheel hub bearing manufacturing plant equipment addition will consist of installing two natural gas-fired batch integral quench carburizing furnaces to modernize the plant. Construction is anticipated to begin in the spring of 2017 and anticipated for completion in the fall of 2017.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at https://www.industrialinfo.com.