City regains its bearings
A US bearings company is understood to be setting up a factory at the old ACL Bearing Company site, as well as employing some former workers.
It is understood that some of the machinery at the Rocherlea site is in the process of being consolidated into one smaller plant for the production of bearings, which could see about 50 former ACL staff employed.
ACL produced bearings for specialist high-performance vehicles not available on the open market.
After years of downsizing, the company finally closed its doors at the end of June this year.
Australian Manufacturing Workers Union state secretary John Short said yesterday he understood that a few former employees had been contracted to dismantle the plant.
"Through the last couple of years, there was obviously some interest in buying it before everyone got made redundant, so if there was still some interest, that would be fantastic," Mr Short said.
"We were always hopeful that somebody would buy and operate it, or part of it as a going concern - we've still got our fingers crossed as it would be a very good-quality product."
Receivers for ACL, Grant Thornton receiver and manager Matthew Byrnes said they were in the process of finalising the sale of the former company's assets.
He said that as far as he was aware, the company involved in the purchase had no intention of operating a business in Tasmania.
However, he did not know if that company was in negotiation with another that may.
Mr Byrnes could not comment as to who might be buying the ACL assets but did confirm that it was not the US company named by The Examiner.
ACL former general manager Chris Brooks said he could not comment other than to say that the site was in the process of being decommissioned.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Aug 17 Bearing Steel Price in Different Regions of China
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
