Toyo fined for bid rigging

Toyo Tire & Rubber Co. pleaded guilty to three counts of bid rigging under Canada’s Competition Act and was fined $1.7 million. According to the case, Toyo participated in a bid-rigging conspiracy related to the supply of anti-vibration components to Toyota Motor Corp.
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SKF opens hybrid production channel in Indonesia

SKF has opened a hybrid production channel in its manufacturing facility in Jakarta, Indonesia. This production channel has been designed to be able to produce two different types of product families: single-row deep groove ball bearings and double-row angular contact ball bearings, i.e. hub bearing units.
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