RBC Bearings Wins Komatsu America 2018 Supplier of the Year Award
September 16 2019 - 8:00AM
Business Wire
RBC Bearings recognized for providing timely
and outstanding service to Komatsu America
RBC Bearings Incorporated (Nasdaq: ROLL), a leading
international manufacturer of highly engineered precision bearings
and components for the industrial, defense and aerospace
industries, today announced that the Company has received the 2018
Supplier of the Year award from Midori Kai, Komatsu America’s
association of select supplier companies that have been chosen for
membership based on high, measurable standards.
“We are very pleased to accept this honor from Komatsu,” said
Dr. Michael J. Hartnett, Chairman and Chief Executive Officer of
RBC Bearings. “This recognition reflects our uncompromising
commitment to our customers, providing operating flexibility and
highly engineered precision products and solutions to better assist
them in meeting their goals. We thank Komatsu for this award and
look forward to our continued partnership.”
Over the last 12 months, RBC Bearings has assisted Komatsu in
maintaining its high level of customer support by providing
products on a timely basis in support of Komatsu’s expedited needs
while also delivering new products to supply customer required
components in the field. According to Komatsu, “With excellent
quality and on-time delivery records in 2018, this supplier has
demonstrated their capabilities of being a world class supplier.
Through innovation and synergy efforts, RBC Bearings has improved
their pricing and competitiveness in the market”. RBC Bearings was
named the top supplier out of the select group of 44 at last
month’s Midori Kai supplier meeting. The Company has been a member
of the Midori Kai supplier association since 2007.
About Midori Kai Midori Kai
is an association of select Komatsu supplier companies that have
been chosen for membership based on measurable high standards. The
group’s objective is to forge a mutually beneficial business
relationship for both suppliers and Komatsu during economic upturns
and downturns, by sharing information, technical support, and
business opportunities. Midori Kai began in Japan in 1952 and has
been a very successful long-term partnership for both Komatsu and
its Midori Kai suppliers. Many members have been part of Midori Kai
for over 50 years. Komatsu initiated Midori Kai in North America in
2006 and is committed to replicating the long-term business
relationships it has had with its Japanese suppliers.
Members of Midori Kai range from small companies to global
enterprises and membership offers suppliers access to Komatsu
production plans and figures, global opportunities to meet with
Komatsu executives, as well as investment, technical, engineering,
and tooling support. Among benefits to Midori Kai members are
potential business opportunities with other Komatsu affiliates
worldwide.
To remain a member of Midori Kai, suppliers must continue to
meet the high standards set forth and be advocates of the program.
“Midori Kai” translated into English means “Green Club”, with the
concept that Komatsu will plant a seed with its suppliers, and
together, they can grow a tree, for the long term.
About Komatsu America Corp.
Komatsu America Corp. is a subsidiary of Komatsu Ltd., an
industry-leading manufacturer and supplier of equipment,
technologies and services for the construction, forklift, mining,
industrial and forestry markets. For nearly a century, Komatsu
equipment and services have been used by companies worldwide to
develop modern infrastructure, extract fundamental minerals,
maintain forests and create technology and consumer products. The
company’s global service and distributor networks support customer
operations, tapping into the power of data and technology to
enhance safety and productivity while optimizing performance.
To learn more about Komatsu’s North American offerings, visit
www.komatsuamerica.com.
About RBC RBC Bearings
Incorporated is an international manufacturer and marketer of
highly engineered precision bearings and components. Founded in
1919, the Company is primarily focused on producing highly
technical or regulated bearing products requiring sophisticated
design, testing, and manufacturing capabilities for the diversified
industrial, aerospace, and defense markets. The Company is
headquartered in Oxford, Connecticut.
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RBC Bearings Ernest Hawkins 203-267-5010
ehawkins@rbcbearings.com Alpha IR Group Michael Cummings
617-461-1101 investors@rbcbearings.com
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