com
General Bearing manufactures ball bearings, tapered roller
bearings, spherical
roller bearings, and cylindrical roller bearings,
and bearing components. Under "The General" and
the "Hyatt"
trademarks, the Company supplies original equipment manufacturers in
the automobile
, truck/trailer, railcar, office equipment, machinery
and appliance industries, as well as the industrial
aftermarket.
spherical angular
Upon receipt of the above information, an
overview will be sent to you by e-mail.
lubricated bushings
This proves to be the greatest restraint for the increased
use of these materials. "This compared
to the costly and
labor intensive forging, casting, cutting and grinding of metals are all
reasons
for the move towards polymers. The company's industry expertise integrates growth consulting,
growth
partnership services, and corporate management training to identify and
develop opportunities.com
Pramila Gurtoo
Corporate Communications - Asia Pacific
DID: (603) 6204 5811
Gen: (603) 6204 5800
Fax: (603) 6201 7402
E: pgurtoo@frost.frost.tapered lubricating
Potential
end users need to be convinced of the efficacy of these plastics
to withstand high temperatures,
as well as their chemical and hydrolytic
strength, since doubts linger regarding their performance
.
However, high manufacturing expenses force producers to increase the cost
of the plastics
.1003
E: trisha.50 $ 0.slideways tonglian
In Japan, Mitsui Chemicals Inc.01 per
share; authorized
19,000,000 shares;
issued 4,174,450 and 4,174,450 shares 42 42
Paid
-in capital 40,232 40,232
Accumulated other comprehensive
loss (336) (458)
Treasury stock, at cost; 384,228 and
384,228 shares
(1,395) (1,395)
Accumulated deficit
(12,219) (14,119)
----------- ----------
-
Total stockholders' equity 26,324 24,302
----------- -----------
Total liabilities and stockholders'
equity $ 83,636 $ 80,314
=========== ===========
GENERAL BEARING CORPORATION AND SUBSIDIARIES
CONSOLIDATED
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(In Thousands, Except for Shares and Per Share Data
)
(Unaudited)
Thirteen Weeks Ended
----------------------
April 2, April 3,
2005
2004
----------- ----------
SALES
$ 27,218 $ 18,304
COST OF SALES
18,867 13,368
---------- -----
-----
GROSS PROFIT 8,351 4,936
SELLING, GENERAL
AND ADMINISTRATIVE EXPENSES 4,302 3,453
---------- ----------
OPERATING INCOME 4,049 1,483
OTHER EXPENSES, NET 417 369
---------- ----------
INCOME BEFORE INCOME TAXES
3,632 1,114
INCOME TAXES 1,321 385
---------- ----------
INCOME BEFORE MINORITY
INTERESTS 2,311 729
MINORITY INTERESTS
411 42
---------- ----------
NET
INCOME $ 1,900 $ 687
========== ==========
Other Comprehensive Income / (Loss)
Mark to market
-interest rate swap 122 (8)
---------- ----------
Total comprehensive income $ 2,022 $ 679
========== ==========
Net Income per common
share
Basic $ 0.skf tsubaki
Design engineers are also utilizing
CAD to predict
how a plastic gear will perform with greater accuracy, thus improving their
development
and demand.com
http://www.PK) announced today that the Company has
released the attached
unaudited condensed consolidated financial
statements for the thirteen weeks ending April 2, 2005
.babbitt angular
Leading
plastics makers already involved in high temperature product development
expect to continue
in it, particularly for applications such as automotive and
marine engines where there is money available
to buy more expensive products. This translates into
greater fuel efficiency, a gain brought home
by the ongoing spike in gasoline
prices.frost.com
Katja Feick
Corporate Communications
- Europe
P: +44 (0) 20 7915 7856
F: +44 (0) 20 7730 3343
E: katja.matex bearing
PALO ALTO
, Calif.
Plastics processing continues to be more sensitive to environmental
factors such as
humidity, than metalworking.
Participants can also take advantage of the fact that plastic gears
are
corrosion resistant, and reduce noise significantly.com
http://www.zhongjiang tsubaki
"For this, companies
need to employ
a strong chemical engineering presence in their research and development
divisions
."
If you are interested in an analysis, which provides manufacturers, end
users, and other
industry participants with an overview, summary, challenges,
and latest coverage of Advances in High
Temperature Plastics for Motors and
Gears then send an e-mail to Trisha Bradley, Corporate Communications
at
trisha.bradley@frost.
Executive summaries and analyst interviews are available to the press
.247.Y. The
aforementioned interim financial statements are also available on the
Company's website
at www. These risks could cause the Company's actual results for
the current fiscal year and beyond
to differ materially from those
expressed in any forward looking statements made by, or on behalf
of,
the Company.slideways wib
"Injection molding high temperature resistant plastics provide part makers
with design flexibility, high production rates, lower labor costs, and less or
no finishing of
molded parts," says Valenti.frost.babbitt skf
, companies such as DuPont Inc, Solvay Advanced Polymers,
Performance
Plastics Ltd and many others continue to formulate newer versions
polymers whose high thermal resistance
will find them uses in automotive and
industrial fuel systems.zhongjiang wisecarver
Opening of new markets is the
fastest way to increase demand. The study analyses the
advances in high temperature plastics for
motors and gears, segmenting it into
automotive, marine, oil and gas, materials handling, industrial
machinery, and
aviation applications.3870
F: 210.18
Weighted average number of common
shares
Basic 3,790,222 3,757,532
Diluted
3,836,276 3,758,705
GENERAL BEARING CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In Thousands)
(Unaudited)
Thirteen Weeks Ended
--------
-------------------
April 2, 2005 April 3, 2004
------------- -------------
OPERATING ACTIVITIES
Net income
$ 1,900 $ 687
Adjustments to reconcile net income
to net cash provided by operating
activities:
Minority interests
411 42
Depreciation and amortization 851 663
Equity earnings in joint ventures
and affiliates (47)
(59)
Changes in:
Accounts receivable (2,272) (1,466)
Inventories (706) 1,471
Prepaid expenses and
other assets 139 3,071
Advances to affiliates
(52) 531
Accounts payable and accrued expenses (925) (1,039)
------------- ------------
Net cash provided by (used
in)
operating activities (701) 3,901
------------- ------------
INVESTING ACTIVITIES
Advances to affiliate
- (807)
Fixed asset purchases
(509) -
Proceeds from sale of fixed assets 32 -
------------- ------------
Net cash used in investing
activities (477) (807)
------------- ------------
FINANCING ACTIVITIES
Repayment of capital
lease (31) (57)
Increase (decrease) in note payable -
banks
966 (2,397)
Net proceeds from revolving credit
facility 930 349
Proceeds from partner contributions in a
joint venture
125 -
------------- ------------
Net cash provided by (used in) financing
activities
1,990 (2,105)
--------
----- ------------
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS
812 989
CASH AND CASH EQUIVALENTS, Beginning of
Period
4,878 1,701
------------- ------------
CASH AND CASH EQUIVALENTS, End of Period $ 5,690 $ 2,690
============= ============
skf bushings
technicalinsights.ozak zhongjiang
50
$ 0.wib angular
stieber wisecarver
Advanced High Temperature Resistant Plastics Rapidly Replace Metal Motor and Gear Components
"One of the toughest applications for plastics in automotive motors is in
bearings, which
have to be developed to withstand high temperatures,
pressures, wear, and chemical aggression, but
at lower cost," explains Frost +
Sullivan Research Analyst Michael Valenti.
Through computer
-aided-design (CAD) tools, polymers can now be custom-
designed to meet specifications, such as elevated
temperatures and humidity,
in distinct applications.
Advances in High Temperature Plastics
for Motors and Gears is part of the
Chemicals, Materials, and Foods subscription (D916).com
Keywords in this release: High temperature resistant plastics, plastics,
polymers, motors, gears
, automotive, machinery, industrial, marine, aviation,
metal, air manifolds, hot fuel systems, bearings
, injection molding, engine,
engineering, computer aided design, CAD, research, information, market
,
trends, technology, service, forecast, market share.stieber kml
Technical Insights is an international
technology analysis business that
produces a variety of technical news alerts, newsletters, and research
services.com.
"Safe Harbor" statement under the Private Securities Litigation
Reform Act
of 1995: This press release contains forward looking
statements that are subject to risks and uncertainties
, including, but
not limited to, the impact of competitive products, product demand and
market
acceptance risks, reliance on key strategic alliances,
fluctuations in operating results and other
risks detailed from time
to time in the Company's filings with the Securities and Exchange
Commission
.ozak aligning
wib skf
, High temperature resistant
plastics are increasingly being used in motor and gear parts -- hot
fuel
systems and air manifolds of automobiles, industrial machinery products, and
aviation and
marine engine segments -- environments that would have degraded
previous generation polymers. For
more information, visit http://www.bradley@frost.feick@frost.
Business Editors/Manufacturing
Writers
WEST NYACK, N.koyo slideways
While some of these materials are newly produced
plastics such as sulfone
polymer, others are the latest additions to polymer
series developed decades ago.
In the U
."
Compared to metals, plastics are light weight. As alternatives to the internal combustion engine
get closer to
commercial adoption, there will be a continued adoption of light weight
materials
in place of metals.generalbearing.lubricating angular
com with your full name, company name, title, telephone
number
, fax number and email. It discusses the various trends and opportunities while
providing market share
analysis, forecasts, drivers, restraints, and revenues.
Frost + Sullivan, a global growth consulting
company, has been partnering
with clients to support the development of innovative strategies for
more than
40 years.----General Bearing
Corporation (OTC: GNRL.wisecarver angular
Frost + Sullivan serves an extensive
clientele that
includes Global 1000 companies, emerging companies, and the investment
community
by providing comprehensive industry coverage that reflects a unique
global perspective and combines
ongoing analysis of markets, technologies,
econometrics, and demographics.
Advances
in High Temperature Plastics for Motors and Gears
D378
Contact:
Trisha Bradley
Corporate Communications - North America
P: 210
.General Bearing Corporation Releases Results for the First Quarter
skf ozak
This in addition to their
low
maintenance costs and longer wear can open up tremendous opportunities in
the market.bushings locknuts
GENERAL
BEARING CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In Thousands, except for shares
)
April 2, January 1,
2005 2005
---------- -----------
ASSETS (Unaudited)
CURRENT ASSETS
Cash and cash equivalents $ 5,690 $ 4,878
Accounts receivable, net
of allowance for
doubtful accounts of $553 in 2005 and
$541 in 2004
19,084 16,812
Inventories 27,819 27
,113
Prepaid taxes and taxes recoverable 681 854
Prepaid expenses and
other current assets 2,465 2,447
Advances to affiliates
77 80
Deferred tax assets 1,898 1,898
----------- -----------
Total current assets
57,714 54,082
PROPERTY, PLANT AND EQUIPMENT 24,311
24,667
INVESTMENT IN, ADVANCES TO AND ACCOUNTS
RECEIVABLE FROM JOINT VENTURES AND
AFFILIATES
622 576
OTHER ASSETS
989 989
----------- ------
-----
Total assets $ 83,636 $ 80,314
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT
LIABILITIES
Notes payable - banks $ 9,598 $ 8,632
Accounts payable
10,765 11,935
Due to affiliates
37 92
Accrued expenses and other current
liabilities
7,391 7,273
Current portion of long-term debt 211
240
----------- -----------
Total current
liabilities 28,002 28,172
LONG-TERM DEBT
14,957 14,029
DEFERRED TAXES 676 676
----------- -----------
Total liabilities
43,635 42,877
------
----- -----------
MINORITY INTERESTS 13,677 13,135
COMMITMENTS
AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common shares - par value $.aligning locknuts
manufactures AURUM, a recyclable
thermoplastic polyamide resin that can be injection molded to make an array of
parts that include
bearings and retainers, burn-in-sockets, bushings, gears,
seal rings, thrust washers and disks, valves
, the trays and carriers used in
semiconductors, hard disc manufacturing, and thermal and electric
insulators.S. However, this is cancelled out by
what the products offer in other ways.348.18
Diluted $ 0.tapered locknuts
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