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The startup and growth of SKF depends not only on technical inventions but also on industrial and corporate management strategies and power. Axel Carlander was a co-founder of SKF as a co-owner and member of the board of Gamlestadens Fabriker AB, which corporate policy provided conditions for experimenting with the new bearing models and the startup of SKF, and also he was the first chairman ...
Sven Gustaf Wingqvist (10 December 1876 – 17 April 1953) was a Swedish engineer, inventor, and industrialist, and one of the founders of Svenska Kullagerfabriken (SKF), one of the world's leading ball bearing and roller bearing makers. Sven Wingqvist invented the multi-row self-aligning ball bearing in 1907.
Schaeffler Technologies AG & Co. KG, also known as the Schaeffler Group (Schaeffler-Gruppe in German), is a German manufacturer of rolling element bearings [2] for automotive, aerospace and industrial uses. [3] It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler. [4]
The company is incorporated one year later. 1899 - Friedrich Fischer suffered a stroke and died at the age of 50 on October 2. He did not have any children. With the death of this innovator and entrepreneur, his 400 employees lost the driving force of the company. The company's financial situation worsened.
The company changed its corporate structure in 2014; the roller bearing-producing part of the company was separated from the steel-producing part of the company, resulting in two separate companies. [16] The Timken Company continues to manufacture roller bearings, while TimkenSteel, which changed its name to Metallus in 2024, produces steel.
In addition, the partners formed a subsidiary called the Mogul Metal Company, where they launched bearing innovations. [4] [5] Muzzy Lyon began producing bearings made from their own Babbitt metal called Mogul, an alloy of tin, antimony and copper. [6] [3] [7] The product was trademarked under the names "Mogul" and "Duro".
Jan. 16—LIMA — A German-based company has obtained a local business. The Wieland group has announced its acquisition of Concast Metal Products and Randall Bearings. According to a recent press ...
A holding company of the company, the Sachs GmbH, was founded in the same year in Munich. At the turn of the year 1927/1928, the number of employees rose to a provisional high of 9,026. The hub production accounted for 67% of the total production, the remainder fell on rolling bearings. Sachs founded a company pension, the Ernst-Sachs-Hilfe. [4]