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Randall Bearings Inc. Announcement
Randall Bearings, Inc., headquartered in Lima, Ohio, recently
announced the planned location of a new manufacturing facility
in Coldwater, Ohio. This facility will focus on manufacturing
machined parts for the "Motion Fluid Power" industries. The
new facility is targeted to begin operations by fall 2005.
Randall Bearings, Inc. was originally formed in Chicago,
Illinois, in 1906 and came to Lima, Ohio, in 1949. Since that
time, the company has gone through several transformations.
Starting in the late 1960s, Randall's main thrust has been
in the manufacturing of bronze machined parts focusing specifically
on the heavy equipment industry.
Over the last several years, Randall has successfully broadened
its competitive advantage into the Pump and Cylinder side
of the business. This success has resulted in the plan to
design and tool the Coldwater facility for this business.
The vision is to gear the facility's operations toward the
pumping industries, as well as the many different applications
within the hydraulic and pneumatic cylinder businesses.
Management believes the new facility will in turn enable
the company's Lima, Ohio manufacturing facility to increase
its focus on the company's core "Heavy Industrial Equipment"
business. Management believes that focusing its facilities
on specific industries will positively impact the bottom line
success of the company's future. Randall will continue to
maintain its corporate offices in Lima.
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