Kaman Constructing New Bearing Manufacturing Facility in Höchstadt, Germany
PARIS--(BUSINESS WIRE)-- Kaman Specialty Bearings & Engineered Products announced this week at the 50th International Paris the construction of a new manufacturing facility in Höchstadt, Germany to support strong continued growth and strategic objectives. The new facility is being built to accommodate Kaman's RWG business, which has continued to experience significant growth in the European aerospace markets as well as in new, emerging markets around the globe. The state-of-the-art manufacturing facility will support Kaman's commitment to operational excellence and will double the company's capacity by replacing an existing facility in Dachsbach, Germany. The Höchstadt facility is expected to be fully operational in 2014.
RWG is a business unit in the Kaman Specialty Bearings and Engineered Products division of Kaman Aerospace Group. RWG designs and manufactures flight critical parts for aircraft including bushings, metal to metal sphericals, self-lubricating bearings (Fraslip), and rolling element bearings. RWG has built a strong reputation for custom engineering and high quality standard bearings for the most demanding aerospace applications.
Kaman Aerospace Group is a segment of Kaman Corporation (NYS: KAMN) founded in 1945 by aviation pioneer Charles H. Kaman. Headquartered in Bloomfield, Connecticut, Kaman Corporation conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. Additionally, the company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Kaman also provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. More information is available at www.kaman.com .
Kaman Corporation, Bloomfield, CT
Eric Remington, 860-243-6334
VP, Investor Relations
KEYWORDS: United States Europe North America Connecticut France Germany
The article Kaman Constructing New Bearing Manufacturing Facility in Höchstadt, Germany originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.